Newmark Advises on $5 Billion Joint Venture Partnership to Develop AI/High-Power Computer (HPC) Data Centers Across the U.S.
The Partnership is Between Blue Owl, Chirisa Technology Parks and PowerHouse Data Centers
As the first stage of the partnership, the JV will provide capital to develop turnkey AI/HPC data center assets. The initial 120 megawatts of capacity under the program will be delivered for CoreWeave in 2025 and 2026 at Chirisa's 350-acre campus near
"This joint venture represents an innovative and flexible capital solution allowing for the rapid development of new AI/HPC capacity across
About Newmark
About Ares Management Corporation
Ares Management Corporation is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, private equity, real estate and infrastructure asset classes. They provide flexible capital to support businesses and create value for their stakeholders and within our communities. By collaborating across our investment groups, Ares aims to deliver consistent and attractive investment returns throughout market cycles.
About Siemens
Siemens continues to enable new technology and solutions by investing in the future. With a portfolio spanning 17 countries, Siemens offers customized and flexible financing solutions based on client specific needs. Their forward-looking approach, innovative solutions, and strong team of over 80 dedicated experts help evaluate new market opportunities in conventional and renewable power and energy, healthcare, mobility and transportation, smart infrastructure and building technologies. They support sustainable causes by providing the equity capital needed for digitalization, urbanization, and smart applications, as well as as-a-service models.
About Macquarie Group
Macquarie Group is a globally recognized financial services company, renowned for its infrastructure investing, operating across 34 markets, offering diverse services including asset management, retail and business banking, and renewable energy development, among others. Macquarie's diversified operations, strong capital base, and rigorous risk management framework have been instrumental in achieving a 54-year record of unbroken profitability. The group's extensive geographic footprint and forward-looking approach enable them to meet the evolving financial needs of their clientele.
Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company's business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark's
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