Digital Realty Acquires $475M Kansas City Site, Increases Teraco Stake to 77%
DLR•Digital Realty acquired 1,440 acres at Kansas City’s Astra Enterprise Park for $475 million, securing 600 megawatts of utility power by early 2028 and two gigawatts at full buildout. It also will boost Teraco ownership to 77% for $650 million and buy Columbia Capital for $485 million.
1. Expansion into Kansas City Market
Digital Realty acquired approximately 1,440 acres at Astra Enterprise Park near Kansas City for $475 million in cash and common units. The site has an Energy Service Agreement for 600 megawatts by early 2028, scaling to two gigawatts at full delivery, marking entry into the U.S. 7th largest data center market.
2. Increase in Teraco Ownership
Digital Realty will raise its stake in Africa’s leading data center platform Teraco to 77% by purchasing a 16% minority interest for approximately $650 million, primarily via issuing 3.4 million common shares. This increases control over Teraco’s network-dense campuses serving EMEA customers.
3. Acquisition of Columbia Capital
Digital Realty plans to acquire private equity firm Columbia Capital for roughly $485 million, mostly through the issuance of 2.3 million common shares with multi-year lockups and performance-based earnouts. Columbia Capital’s $9 billion fund commitments and expertise in digital infrastructure are expected to bolster Digital Realty’s private capital platform and AI infrastructure initiatives.
4. Funding, Timeline and Strategic Impact
These transactions will be funded by issuing 6.3 million shares and partnership units at a weighted average price of $197.54, maintaining balance sheet discipline. The Teraco and Columbia deals are expected to close in H2 2026, positioning Digital Realty for expanded hyperscale development, colocation growth, and strategic private capital scaling.
