Digital Realty announced a series of transactions to support its growth strategy, including a major land acquisition for hyperscale development, an agreement to purchase investment firm Columbia Capital, and an agreement to increase its ownership stake in its Teraco joint venture.
Key Details
- Kansas City Land Acquisition: On April 30, 2026, the company acquired approximately 1,440 acres of land near Kansas City for ~$377.6 million in cash and 517,475 common units of its operating partnership to support future hyperscale data center development.
- Columbia Capital Acquisition: Agreed on May 8, 2026, to purchase digital infrastructure investment firm Columbia Capital for $45 million in cash and ~2.34 million shares, plus a potential earnout of up to $290 million. The transaction is expected to close in the second half of 2026.
- Increased Teraco Ownership: On June 22, 2026, the company agreed to issue ~3.43 million shares (valued at ~$644.4 million) to acquire an additional 16% interest in its Teraco joint venture, raising its total ownership to 77%. The purchase is expected to close in the second half of 2026.