GIC leads investor group to develop North American data centres

GIC will lead a group of investors to form an investment vehicle to develop, acquire and operate data centres across North America, it announced on Wednesday.

It has partnered Denver-based private investment company Mount Elbert Capital Partners, and OPTrust - described as one of Canada's largest pension funds - to form EdgeCore Internet Real Estate.

The company will initially be capitalised with some US$800 million in equity, supporting approximately US$2 billion in data centre development and investment.