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GIM Real Estate has successfully closed its inaugural Global Data Center Fund, securing a substantial $2 billion in commitments from global investors. This strategic foray into the rapidly evolving digital infrastructure landscape focuses on hyperscale data center investments across key regions: North America, Asia Pacific, and Europe. The fund's launch in July 2023 marked a significant milestone, as it positions PGIM Real Estate at the forefront of the AI-driven sector.

    The $2 billion commitment underscores investor confidence in the firm's ability to navigate this burgeoning market. By targeting hyperscale data center developments, PGIM Real Estate aims to capitalize on the growing demand for digital infrastructure, driven by technological advancements and increasing data storage needs.