The Abu Dhabi Investment Authority (ADIA) has completed the acquisition of a 40 percent stake in DigitalBridge subsidiary Landmark Dividend.

The deal was first announced in November last year and completed this week alongside DigitalBridge-sponsored vehicles.

Details of the deal were not disclosed.

Landmark Phoenix PayPal
Landmark Dividend's Phoenix facility – Landmark Dividend

The CEO of Landmark Dividend, Tim Brazy, said: “We are pleased to complete this important transaction. Our partnership with DigitalBridge and ADIA allows us to expand our portfolio in strategic locations and better serve our customers by providing them with access to a broader range of high-quality assets.”

Khadem AlRemeithi, executive director of the infrastructure department at ADIA, added: “This acquisition further underscores ADIA’s ambition to bolster our investments in digital infrastructure in the United States.”

DigitalBridge (formerly Digital Colony) acquired Landmark in May 2021. Landmark currently has investments in more than 47 data centers across North America.

The Abu Dhabi Investment Authority, established in 1976, is the UAE sovereign wealth fund, investing on behalf of the government of Abu Dhabi.