BAM Digital Realty JV expand data center biz in Chennai

BAM Digital Realty, Brookfield Asset Management and Digital Realty’s joint venture in India, has acquired 10 acres of land in Chennai for a data center development.

The two companies have bought a land parcel in Chennai’s Ambattur locality for more than Rs 230 crore (~$30.8m).

“It’s a direct deal and does not involve any third-party transaction advisor. The joint platform has acquired the land parcel from an automobile forging manufacturing company,” said one of the unnamed sources.

The two companies formed a new joint venture in July 2021, known as BAM Digital Realty, to build and operate data centers in India. The companies said at the time the JV intended to acquire land parcels in “multiple Indian metros.” Data Centre Dynamics