GFH agrees to acquire US Virginia data centre

Dubai: GFH Financial Group said its unit has signed a new investment in a US Virginia-based Data Centre with a market value exceeding $100 million (Dh367 million).

GFH’s unit GFH Capital (GCL) intends to offer the investment for the private placement, the company said in a statement on Sunday, adding this transaction is expected to reflect positively in the second quarter. The investment is being undertaken in partnership with Corporate Office Properties Trust (COPT), a $5 billion NYSE-listed REIT, and one of the leading data centre operators in the US.