NTT Global Data Centres acquires land to set up data centers in Bangalore

  • Deal
  • June 14, 2023

JSA advised NTT Global Data Centres BLR4 Private Limited (“NTT”) in relation to its acquisition of land measuring 8 Acres 21.85 Guntas (equivalent to approximately 3,72,275 square feet) in the form of undivided share at Prestige Tech Cloud, Bangalore (“Premises”). JSA also advised NTT in appointing Prestige to develop a data centre building having approximately 3,50,000 square feet of built-up area at the Premises as phase one, marking Prestige’s entry into the data centre business. The construction of the data centre buildings will be carried out in three phases, with the first building expected to be completed in 12 months. The total value of the transaction including land and infrastructure development cost is Rs. 700 crore.

NTT is recognized as a leader by leading networking and data centre analysts. As a neutral operator, NTT offers high-density, carrier-neutral data centres, access to multiple cloud providers, a large variety of internet exchanges and telecommunication network providers. NTT has operated data centres in India for over 20 years. NTT facilitates client adoption of next-generation technologies for computing at scale, virtualization, data migration, and cloud and B2B private connectivity both regionally and across the globe.

Deal Value: USD 85 million

Our Transaction Team Comprised Lead Partner – Gerald Manoharan, Of-Counsel – Meena B S, Principal Associate – Akshatha S. Mattamari, and Associate – Sanmathi Dayanand.