Yondr Group, Cerberus buy 40 acres for Virginia campus

Yondr Group, working with funds and accounts managed by Cerberus Capital Management, has acquired a 40-acre parcel in Manassas, Virginia, for a data center campus planned at 72MW.

The campus is expected to be operational in 2029 and is intended to serve hyperscale customers. Financial terms of the land purchase were not disclosed.

The companies have not provided further project specifics, including the exact location, how many buildings are planned, or the size of the facilities.

"We continue to see strong demand for well-located capacity across our global portfolio including Northern Virginia, and this acquisition marks another important step in growing our North American footprint", said Aaron Wangenheim, CEO of Yondr. "Bringing a project of this scale online in a market like Northern Virginia takes deep operational expertise and strategic, sophisticated capital, and our partnership with Cerberus brings both together to deliver the capacity hyperscale customers increasingly need."

Cerberus pointed to the site's power position and timeline in outlining the project.

"With near-term power availability in a historically constrained market and a 2029 ready-for-service date, this project will be well-positioned to support continued customer demand while creating long-term value for our partners and investors. We look forward to advancing this project alongside Yondr and to identifying compelling opportunities to invest in high-quality real assets supported by the strong fundamentals in the digital economy", Tom Wagner, senior managing director and head of North American real estate at Cerberus, added.

Yondr already has a presence in Manassas through Yondr North Virginia 1, a 48MW data center that launched in November 2024. At that time, the company said 240MW of capacity was in the pipeline for an adjacent parcel as part of the same campus. It is not verified whether the newly acquired 40-acre site is connected to that earlier plan.

Yondr is headquartered in London. The company was previously owned by single-family investment office Cathexis, Apollo Global Management, and Mubadala. It was acquired by DigitalBridge and Canadian pension fund La Caisse in a deal that closed in July 2025. German financial giant Allianz has since acquired a minority stake in the business.

The company operates data center campuses across Europe, Asia, and North America, with developments in Texas, Canada, the UK, Indonesia, Japan, Germany, and the Netherlands. In late July, Yondr sold a majority stake in its Slough, UK, campus to a UK pension fund.

Cerberus, founded in 1992, is an alternative investment fund with around $72 billion in assets under management.

Read the source