KKR commits $1bn for GTR formation

The equity will be drawn from KKR's third global infrastructure fund and may be supplemented with additional commitments in the future. The funding will go towards developing and building data centres for large technology companies in Europe.

It will be supported by $1.5bn of debt financing for asset development and to make acquisitions.

GTR will be led by Franek Sodzawiczny, who will act as CEO. The company's management team will also consist of Martin Carroll, formerly lead director of EMEA data centre advisory at JLL; Mark Trevor, formerly partner and head of EMEA data centre transaction and advisory at Cushman & Wakefield; and Tom Sodzawiczny, formerly associate director of capital markets at Colliers International.

The company has partnered with Mercury Engineering for the construction, design and development of a data centre product.

Simpson Thacher & Bartlett provided legal advice to KKR and GTR was advised by Charles Russell Speechlys.

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