Onnec installs and maintains data center cables and equipment racks across Europe and Asia Pacific.
CBRE agreed to acquire London-based Onnec Group for $610 million in cash, The Real Deal reported, citing the Wall Street Journal.
Up to $400 million more could be paid if Onnec hits growth targets in the coming years, pushing the total past $1 billion.
Onnec installs and maintains data center cables and equipment racks, with operations across Europe and Asia Pacific.
Reported by the Deals desk from The Real Deal — National and Wall Street Journal (via The Real Deal). Published . Corrections
Yards of 10 acres or less hold contractor equipment and materials for data center projects, The Real Deal reported, citing the Wall Street Journal.
Hossein Fateh said local opposition and government rules could slow construction after CloudHQ closed a $1.4 billion ABS facility in May.
The 10-story Hillcrest Tower was built in 1982 and renovated in 2022; no purchase price was disclosed.
The leasehold price is below the $150 million floated in 2021 and the nearly $85 million Madison Capital agreed to pay upfront in 2016.
The Mendota Heights industrial property was fully pre-leased before completion and sold to a private investor, with financial terms undisclosed.
Non-traded REITs, data centers, industrial and manager fundraising. Daily at 7:20 a.m. ET.
Free. Every morning. Unsubscribe from any edition in one click.