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While still a new industry, private equity funds, international capital and large corporations are all increasing their exposure to the data center space.
The sale is part of an initiative announced by Taubman in February to sell its 50% interest in three Asian shopping centers—Starfield Hamam, CityOn.Xi'an (Xi'an, China) and the CityOn.Zhengzhou (Zhengzhou, China).
Industrial properties planned or zoned for industrial are selling for a 27% premium, and cities are beginning to regulate and clarify production and sales.