Cushman & Wakefield, the world’s largest privately-held commercial real estate services firm, has been awarded an exclusive international consulting and brokerage services engagement by Ascenty, the leading metro fiber and data center services provider in the country of Brazil. Cushman & Wakefield Executive Director Bill Dougherty and Senior Director Sean Ivery, based in San Francisco, with additional support from C&W’s global advisory team of data center brokerage professionals from major markets around the world, have been retained to market and lease Ascenty’s newest wholesale data center properties in Brazil. When complete, the Ascenty properties are expected to collectively add more than 25 MW of critical IT power to the rapidly-emerging Brazilian data center market.
Ascenty is owned by the U.S. private equity fund Great Hill Partners, which has had a long presence in Brazil and up until recently owned Vivax, the country’s second-largest cable TV company and Buscapé, one of the Brazil’s largest online retail sites. In addition to its data center portfolio, Ascenty built and operates over 750 miles of fiber optic network in the State of São Paulo. Led by CEO Chris Torto, Ascenty completed its first 54,000 sq. ft. wholesale data center in October 2012 and has two additional data centers planned for delivery in early 2014. Each Ascenty data center is Tier III certified by the Uptime Institute. Combined, it is estimated that Ascenty’s data center properties will more-than-double Brazil’s current data center capacity.
“Backed by a long and successful career in Latin America, Chris Torto has expertly navigated the complex logistical, financial, and regulatory challenges of doing business in Brazil. His work with Ascenty is a lesson on how to get things done,” said Sean Ivery. “Interest in the Ascenty properties is well beyond expectations. The first property has already attracted major tenants, including some of the world’s best-known names in technology. Chris has mastered the model for any American company or global enterprise interested in this rapidly-emerging market,” he added.
Ascenty’s first data center property is located 96 kilometers from São Paulo, in the high tech region of Campinas. The 54,000 sq. ft. Campinas facility features 3 MW of critical power and is almost fully-leased. A second data center property, in Jundiaí, approximately 35km from São Paulo, is 75,000 sq. ft. and will feature 12 MW of critical power. Expected completion time for the Jundiaí facility is Q1 2014. A third property, in nearby Hortolândia, is 54,000 sq. ft. and features 10 MW of critical power. It is expected to be available for delivery in Q2 2014.
“We are excited to work closely with Bill, Sean and the entire Cushman & Wakefield Data Center Advisory team. Our focus has centered on Brazil but the scope of potential international opportunities is well-beyond the domestic market. In order to capture these opportunities, we feel that the Cushman & Wakefield global platform is the perfect partner for us based on their vast experience in the data center market,” said Chris Torto.
Globally, Cushman & Wakefield manages more than 20 million sq. ft. of technology space and 9 million sq. ft. of raised-floor data centers. The Data Center Advisory practice at Cushman & Wakefield covers relevant markets throughout North America, Europe, Asia, and South America. The multi-disciplinary practice includes brokerage professionals, business consultants, project and facility managers, and appraisers. In May 2013, Cushman & Wakefield published the Data Center Risk Index, which evaluated risks likely to affect the successful operation of data center facilities in 30 of the most important markets. The report noted that “Brazil’s dynamic economy and strong demand ahead of the World Cup and Olympic Games is fueling a swell of new submarine fiber-optic cable and infrastructure construction.”
“With its expansive economy, large population and central geography, Brazil is likely to become the primary data center destination in South America,” said Bill Dougherty. “Despite inherent operational challenges, the country’s telecommunications markets offer some of the industry’s highest potentials for growth and are projected to lead the global expansion in telecom services over the next few years,” Dougherty added. “It’s wonderful to partner with Ascenty and Chris Torto, who have proven to be the leaders of this important expansion in Brazil and Latin America.”