Data-Center Asset Deals Hit 2 Record Years as AI Spurs New Exit Vehicles
Updated
Updated · MSCI · Jul 15
Data-Center Asset Deals Hit 2 Record Years as AI Spurs New Exit Vehicles
3 articles · Updated · MSCI · Jul 15
Summary
Single-asset data-center transaction volumes posted back-to-back records in 2024 and 2025, signaling deeper exit liquidity for developers seeking to recycle capital amid the AI buildout.
MSCI said the shift reflects rising capital intensity and a move beyond platform-level fundraising toward asset sales, co-investments, joint ventures, yieldcos, REITs and core funds.
The market is also broadening geographically: the U.S. share of asset-level volumes fell from about half in 2015-2019 to roughly one-third more recently as China, Japan and Europe gained ground.
Hyperscale exits have spread into newer Asian markets, including South Korea in 2024 and Malaysia in 2025, suggesting a more mature global capital-markets base for future data-center development.