Global real estate investment manager BGO has closed its Data Center Co-Investment fundraise, totaling approximately $260 million, which was established in connection to its U.S. Industrial Strategies I fund. Combined with this co-investment, the inaugural fundraise for the firm’s closed-end strategy totaled approximately $800 million with a projected gross asset value of $2.43 billion. BGO is now in the advanced stages of securing up to 800 megawatts of power capacity to enable construction of up to 3.2 million square feet of data centers.
This first fund of BGO’s U.S. Industrial Strategies features a prime portfolio of eight industrial projects, developed in collaboration with NorthPoint Development. It includes three properties planned for data center development.
“By combining institutional real estate expertise with deep utility-grade energy insight, we’re creating three shovel-ready powered sites with access to critical infrastructure—substations, transmission lines, and fiber networks,” said John Carrafiell, co-CEO of BGO.
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