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Arcapita and Cloud Capital announced a partnership to acquire a 21-megawatt data center in Minneapolis, US, with plans for a 10 MW expansion. The data center is leased to a provider of AI and cloud solutions, aimed at benefiting from increased demand for digital infrastructure.

The expansion is expected to enhance operating income and investment value. This acquisition marks a strategic move for Arcapita to strengthen its presence in the US market and focus on AI and digital infrastructure investments.