Canadian property company TrizecHahn has invested Can$150m into UK-based Global Switch, which intends to build a network of telecom operations buildings.
TrizecHahn and Chelsfield, which is 50% owned by Australian giant Lend Lease, have bought two thirds of the company with the remainder being retained by the family interests of Andy Ruhan, the company’s chief executive.
Global Switch owns and manages buildings for high- tech companies. It also provides facilities management and telecoms equipment for occupiers which include fibre carriers, telecom companies and internet service providers.
The company’s first scheme was a conversion of the former printworks of the Financial Times in London’s Docklands, close to Canary Wharf.
There are also plans for centres in Paris, Amsterdam, Madrid, Milan and the company is also looking at North America.
