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Teraco acquires 30 000sqm landmark building in Rondebosch

  • Teraco has announced the acquisition of the Great Westerford building in Cape Town from Ingenuity Property Investments.
  • The building, which is located in Rondebosch, offers Teraco over 30 000 square metres of office space.
  • The company now has ownership of the building that houses its CT1 data centre investment.

In recent years Teraco, which is now a Digital Reality company, has been expanding the amount of real estate in its portfolio, with the view of growing its co-location data centre offerings. The latest announcement to that effect is the acquisition of the Great Westerford building in Rondebosch.

The building, which offers more than 30 000 square metres of office space, was acquired from Ingenuity Property Investments.

The company adds that the conclusion of the acquisition means that it has ownership of the building that houses its CT1 data centre investment, resulting in the full ownership of all facilities and the underlying land that support Teraco’s carrier neutral co-location portfolio.

“CT1 is the second largest interconnect hub in Africa, with over 6 300 interconnects and more than 1 000 deployable cabinets supported by five megawatts (MW) of utility power,” adds Teraco in a press release sent to Hypertext.

“Home to thriving digitally connected enterprises, including telecommunications, financial services, e-commerce, logistics, and retail, Cape Town benefits from being the landing of multiple major subsea cable systems such as ACE, WACS, SAT-3 and SAFE. The abundance of subsea cable connectivity is set to continue with the landing of Google’s Equiano and the 2AFRICA cable systems,” the company continues.

Now at its larger Cape Town campus, the CT1 data centre is said to offer enterprises with direct access to an ecosystem of over 250 network providers, global cloud on-ramps, subsea cable systems, and access to more than 50 managed service providers.

“We see Great Westerford as the home for technology, professional services, telecommunications, and financial services firms looking for the convenience of being located in the heart of Cape Town’s southern suburbs, close to transport nodes, shopping centres, and excellent schools while enjoying access to Teraco’s global digital reach,” noted Jan Hnizdo, CEO at Teraco, of the acquisition.

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