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Summit Industrial Income REIT Establishes Joint Venture Partnership with Experienced Data Centre Developer to Generate Significantly Accretive Investments

Data Centre in Richmond HillSummit's initial investment is the purchase of a 50% interest in Urbacon's Data Centre One ("DC1"), located in the Barker Business Park Digital Campus in Richmond Hill, Ontario. DC1 is a brand new, purpose-built, state-of-the-art 10 MW data centre currently 50% leased to a major global cloud provider under a fifteen-year term.

Data Centre in Richmond HillSummit’s initial investment is the purchase of a 50% interest in Urbacon’s Data Centre One, located in the Barker Business Park Digital Campus in Richmond Hill, Ontario. DC1 is a brand new, purpose-built, state-of-the-art 10 MW data centre currently 50% leased to a major global cloud provider under a fifteen-year term. The property is designated as Tier IV, the highest standard within the industry.

Full Article: www.newswire.ca