KKR-backed Global Technical Realty (GTR) has announced a new 10.5MW data center in Petah Tikva, Israel.
The data center will be an underground site comprising 4,800 square meters (51,700 sq ft) across two floors, with each floor offering 8MW and 2.5MW of IT capacity respectively.
GTR will be working with existing construction partner Mercury on the project which will be delivered in two phases and expected to be fully operational by Q2 2023.
The facility is located on a campus including seven cloud service providers, the Israeli-Internet Exchange (IIX), and multiple carriers.
“I am excited to announce the launch of our second data center in one of the fastest growing global tech hubs, shortly after the launch of our first project in July,” said Franek Sodzawiczny, founder and CEO at GTR. “The dynamic, rapidly evolving data center sector is experiencing an unprecedented level of global investment activity. As a well-capitalized agile platform with a clear strategy and experienced team, we are able to move quickly when we identify opportunities in our priority markets.”
Andrew Peisch, director at KKR, added: “Israel is an entrepreneurial hub for high-tech innovation and an important market for our data center strategy in EMEA. We are pleased to make this investment in a high-quality project to help accelerate the digital transformation that is underway in the region.”
GTR was launched last year by investment firm KKR to design, build, and operate bespoke data centers across Europe for large technology clients. CEO Sodzawiczny previously founded Zenium Data Centers, which was later acquired by Equinix and CyrusOne Inc.
The new facility is GTR’s second data center investment in EMEA and first in Israel. Last month the company announced a 40.5MW data center campus in London, UK. The site in Slough will feature three interconnected data centers, each with more than 5,375 sqm (57,900 sq ft) of floorspace and 13.5MW of capacity, and is expected to be fully operational in Q4 2022.