Global Technical Realty (GTR), a provider of build-to-suit data centers backed by global investment firm KKR, 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.
The location has a connectivity ecosystem made up of seven cloud service providers, the Israeli Internet Exchange (IIX), and multiple carriers.
GTR will be designing the facility with existing construction partner Mercury. The project will be built to an N+1 Tier III Infrastructure rating, offering a power usage effectiveness (PUE) at under 1.17 on full load, said GTR.
The facility will be delivered in two phases and is expected to be fully operational by Q2 2023.
The project marks GTR’s second investment in EMEA and first investment in Israel. KKR has made three investments in Israeli tech companies, most recently leading an $80m funding round into digital content platform Artlist in 2020.
Andrew Peisch, Director at KKR, commented: “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, which was launched last year by KKR and Franek Sodzawiczny, focuses on designing, building, and operating bespoke data centers across the EMEA region for large technology clients, meeting the growing demand for third-party data center provision amid ever-increasing growth in data usage and cloud services adoption.