Arcapita Group Holdings has entered a joint venture with US-based Cloud Capital to acquire a 21-megawatt data centre in Minneapolis, with plans to expand capacity to 31 MW. The facility is primarily leased on a long-term basis to a leading provider of sovereign AI and cloud inferencing solutions, positioning it to benefit from accelerating demand driven by artificial intelligence, cloud computing, and enterprise digital transformation.
Cloud Capital manages a diversified portfolio of 26 data centre assets valued at more than $5.5 billion and maintains long-standing relationships with top-tier tenants across the sector.
Minneapolis is emerging as a key data centre hub, supported by robust power infrastructure, low natural disaster risk, and a diversified economic base that includes Fortune 500 companies, healthcare leaders, and technology innovators. The region is experiencing record-low vacancy rates as AI adoption and enterprise cloud demand continue to surge.
The planned 10 MW expansion is expected to materially increase operating income and enhance the overall value of the investment.
Martin Tan, Chief Investment Officer at Arcapita, said artificial intelligence and digital infrastructure are becoming central to the firm’s long-term strategy, aligned with its focus on resilient, income-generating assets. He noted that the partnership with Cloud Capital provides a strong foundation for scaling across key markets.
Shariar Mohajer, President and Chief Investment Officer at Cloud Capital, said the investment delivers both immediate income and significant upside, offering a downside-protected return profile with expansion potential.
Brian Hebb, Managing Director and Head of US Real Estate at Arcapita, described data centres as a cornerstone of the digital economy and a priority within Arcapita’s US real estate strategy, adding that the firm will continue to invest in essential assets that combine stable cashflows with disciplined, value-enhancing growth.
