Originally posted on Independent Data Center Alliance
PTC’20 was another terrific event in the books, complete with plenty of boisterous greetings, meetings and valuable conversations.
Data centers were certainly a hot topic of conversation. Just prior to everyone’s arrival in Honolulu, CyrusOne, one of the largest global data center providers, announced it is laying off 55 employees, or about 12 percent of its workforce. Also, as PTC’20 began, Digital Realty announced that it closed on the sale of its Powered Base Building® portfolio to Mapletree Investments and Mapletree Industry Trust. The 10 properties, which are fully leased, sold for $557 Million.
One could wonder, what is happening in this space such that asset sales and layoffs are beginning to take shape? The market is expanding and property owners and developers are beginning to reshape the way buyers approach the market.
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