Equinix (EQIX) and PGIM Real Estate Enter Into $600M JV
EQIXEquinix(EQIX) Zacks Investment Research·2024-04-17 00:16

Equinix, Inc. (EQIX) recently announced that it entered into a $600 million joint venture with PGIM Real Estate, the real estate investment and financing arm of PGIM, Prudential Financial's global asset management business, for the development and operation of the first xScale data center in the United States. It marks the second joint venture between Equinix and PGIM Real Estate.The move reflects the solid demand for such facilities from tenants and investors’ growing interest in such assets. This new join ...