Digital Realty Forms JV to Enter Türkiye with 22 MW Ankara Data Center
DLR sits 29% above its 52-week low of $146.23.
Summary
Digital Realty is entering Türkiye through a new joint venture with Rönesans Infrastructure, a major Turkish investment firm. The JV's first project is a 22 MW data center campus in Ankara, with land, power, and permitting already secured and early construction underway. Completion is targeted for 2028, and the JV plans a second facility in Istanbul. This expands Digital Realty's EMEA footprint into a strategic connectivity hub between Europe, the Middle East, and Asia, supporting cloud and AI demand. The move follows a series of aggressive expansions, including $5.9 billion in acquisitions in Q2 2026. While the initial capacity is modest relative to Digital Realty's global scale, the entry into a new high-growth market is a notable strategic step.
At the time of this announcement, DLR was trading at $188.58 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $70B. The 52-week trading range was $146.23 to $208.14. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.