Digital Realty Trust Forms Joint Venture in Türkiye for Data Center Development
Digital Realty Trust (NYSE:DLR) has announced a joint venture with Rönesans Infrastructure to develop and operate data centers in Türkiye. The first phase, located in Ankara, is designed for over 22 megawatts of IT capacity, with land, power, and permits already secured. Construction has begun, and the facility is expected to be completed by 2028. The venture combines Digital Realty’s global data center expertise with Rönesans Infrastructure's local capabilities in development and construction. The partnership aims to leverage complementary strengths for efficient execution and customer acquisition. A second site in Istanbul may follow if demand supports further expansion, offering customers multiple locations for resilience and connectivity. However, the financial details of the joint venture remain unclear, including ownership percentages, capital contributions, signed leases, or projected returns. Investors are waiting on key disclosures to assess risk exposure and potential profitability.
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Topics: construction_progress joint_venture market_expansion