I have been thinking about this subject for a number of years now, it all started back in 2008 after the financial crisis, when many of the financial firms had their assets evaluated whether for chapter 11 purposes or for mergers/acquisitions.
Whilst many may argue the value of the financial firms lies within their balance sheet and client portfolio, there were significant real estate assets, including data centres that were evaluated and those were figures that could not be ignored. The one that stood out for me, was the Lehman Brothers story, not only because it was the one that dominated the news and shook the world, but for me personally, they were one of my major clients and I knew their data centres well.