Industry Newsroom

CITIC’s CPE Fund and GDS Acquire Chinese Greenfield Data Center Project for USD371m

CITIC Private Equity Funds Management’s CPE Fund and Chinese data center operator GDS Holdings have agreed to jointly acquire BJ13, a greenfield data center project in China, for USD371m. The acquisition will be made through a newly established joint venture, with GDS and CPE owning 58% and 42% interests in the JV, respectively. Read more