Miami-based Starwood Capital Group has announced Starwood Digital Ventures, a new platform focused on growing its data center investment portfolio. Data Center Dynamics reported that Starwood had invested $8 billion in data center operations over the last five years, totaling 1.5 GW in development across the U.S. and Europe.
“With the strong demand for data center services in the United States and growing needs to support end uses such as artificial intelligence, we see continued opportunity to invest in this growing sector,” said Barry Sternlicht, chairman and CEO of Starwood Capital.
Data Center Dynamics reported that as part of the announcement, Starwood also released information on its partnership with Worldwide Mission Critical, a data center-focused consulting firm it has previously collaborated with over a five-year period. The two entities will work together to allow Starwood to scale its data center platform to support anticipated growth quickly.
Some of Starwood’s investments include six sites across Ireland and the U.K. It is also reportedly planning an investment in Herndon, VA.
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