The Abu Dhabi Investment Authority (ADIA) is acquiring a 40% interest in Landmark Dividend, a company that develops digital real estate assets and critical infrastructure from DigitalBridge.
Landmark acquires and develops real estate and infrastructure focused on wireless communication, digital infrastructure, outdoor advertising and renewable power. The company currently manages over 5,000 assets.
As part of the deal, ADIA and DigitalBridge-sponsored vehicles have committed to support the continued expansion of Landmark鈥檚 growth platform.
Khadem AlRemeithi, executive director of the infrastructure department at ADIA, said: 鈥淯nder DigitalBridge鈥檚 ownership, Landmark has solidified its position as one of the preeminent acquirers of digital infrastructure real estate assets globally.
鈥漈he company has already built a portfolio of high-quality real assets and our investment aims to support Landmark鈥檚 next phase of growth.鈥�
Steven Sonnenstein, senior managing director at DigitalBridge and chairman of the board at Landmark, said: 鈥淎DIA鈥檚 investment in Landmark is testament to the company鈥檚 long-term potential and attractive position in the market, and we are delighted to partner with ADIA to further fuel Landmark鈥檚 growth.鈥�
Tim Brazy, CEO of Landmark Dividend, said, 鈥淭his investment marks an exciting new phase of growth for our business. With the support of our new stakeholder, alongside DigitalBridge, we are well prepared to strengthen our position and offer our clients a broader spectrum of top-tier investment solutions.鈥�
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