trending Market Intelligence /marketintelligence/en/news-insights/trending/khF8czq9XsGni-mPAJufkA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Summit Industrial Income enters data-center JV with Urbacon

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate CRE Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


Summit Industrial Income enters data-center JV with Urbacon

Summit Industrial Income REIT entered into a joint-venture partnership with construction and engineering firm Urbacon Ltd to develop and own data centers across Canada.

Summit will make a C$15 million investment and assume 50% of the construction debt of Urbacon's Data Centre One property in the Barker Business Park Digital Campus in Richmond Hill, Ontario. DC1 is 50% leased with a 15-year term and is the first of five data centers to be built on land Urbacon owns on the Barker campus.

Summit extended a three-year C$14.3 million working-capital loan to Urbacon, primarily for the development of additional data centers on the Barker campus and in other markets. Summit has exclusive rights to participate in Urbacon's future Canadian data center developments.

Summit also extended a C$15.8 million mezzanine loan to Urbacon with which Urbacon will purchase its partner's 50% interest in a newly developed data center in downtown Montreal. Summit has the option to convert the loan into a 50% interest in the nine-story property, which has 16 MW of power available.

Altogether, Summit's C$45 million initial cash investment in Urbacon's data center program is expected to produce an accretive yield of between 8% and 10%.

The investment, as well as C$138 million of other recent acquisitions, means Summit has fully invested the proceeds of its C$103.5 million equity offering completed Dec. 13, Summit CEO Paul Dykeman said in a release.