Tuesday, September 23, 2008

Barclay pays $330 Million for 2 Lehman Data Centers

Barclays will pay $330 million for two Lehman Brothers data centers it is acquiring as part of a larger deal to purchase assets of the bankrupt investment bank. The two data centers are both located in New Jersey, in Piscataway and Cranford.

The valuation emerged from a bankruptcy court hearing in which the purchase price for the real estate components of the deal were adjusted to $1.29 billion, including $960 million for Lehman’s New York headquarters and $330 million for the data centers. Lehman’s original estimate valued its headquarters at $1.02 billion but an appraisal this week valued it at $900 million.


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