Vantage has sealed a deal with a consortium of investors for a $2.5bn (£2.1bn) European data centre portfolio.
The consortium was led by MEAG and Infranity, along with funds affiliated with the investment management platform of DigitalBridge Group.
The investment partnership will initially consist of six data centres in strategic locations across Europe, spanning more than 1.8m sq ft (gross) and 177MW of IT capacity.
Vantage’s management team, led by president and chief executive Sureel Choksi, will continue to manage and operate the assets as part of its global data centre portfolio.
The additional capital raised from the consortium will be used to support the continued growth of Vantage’s EMEA data centre platform.
“This investment partnership provides Vantage with multiple partners with deep expertise in digital infrastructure,” said Choksi. “This transaction provides Vantage with additional capital to continue our expansion in new and existing markets across EMEA, capitalising on the extraordinary growth opportunities, driving innovation and delivering state-of-the-art sustainable data centre for our customers.”
Dominik Damaschke, head of infrastructure equity at MEAG, said: “Data centres are the backbone of the increasing digitisation of the economy, and we are proud to invest in a portfolio of top-tier hyperscale data centres in Europe. The investment is another milestone in MEAG‘s strategic expansion into digital infrastructure.”
Citi acted as financial adviser, and Linklaters and Loeb & Loe acted as legal advisers to Vantage. Rothschild & Co was financial advisor to MEAG and Infranity; and DLA Piper UK was legal adviser to the Investor Consortium.
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