CyrusOne Inc. (NASDAQ:CONE) ("CyrusOne"), a premier global data center REIT, today announced it has closed the previously announced sale of its four Houston data center assets to DataBank Holdings Ltd. ("DataBank"). Additionally, CyrusOne will lease the Houston West III shell to support a lease signed with a hyperscale customer. Total consideration for the transaction is approximately $670 million, subject to a net working capital adjustment.
"We are excited to close this transaction as we execute on our capital recycling initiative to fund our continued growth," said David Ferdman, Interim President & Chief Executive Officer. "We are pleased to partner with the DataBank team, and this divestiture further optimizes our portfolio as we redeploy capital into accretive developments across core markets."
DH Capital, LLC and DLA Piper LLP served as CyrusOne's exclusive financial and legal advisors, respectively, on the transaction.
About CyrusOne
CyrusOne (NASDAQ:CONE) is a premier global REIT specializing in design, construction and operation of more than 50 high-performance data centers worldwide. The Company provides mission-critical facilities that ensure the continued operation of IT infrastructure for approximately 1,000 customers, including approximately 200 Fortune 1000 companies.
A leader in hybrid-cloud and multi-cloud deployments, CyrusOne offers colocation, hyperscale, and build-to-suit environments that help customers enhance the strategic connection of their essential data infrastructure and support achievement of sustainability goals. CyrusOne data centers offer world-class flexibility, enabling clients to modernize, simplify, and rapidly respond to changing demand. Combining exceptional financial strength with a broad global footprint, CyrusOne provides customers with long-term stability and strategic advantage at scale.
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