Nordic real estate fund manager Areim has raised an additional €450m for the Areim DC Fund, bringing the total capital raised for the data centre fund to €900m.
The firm said the capital raise was significantly oversubscribed, attracting both Nordic and international institutional capital and diversifying the investor base.
Areim acquired a majority stake in EcoDataCenter in 2018, and the Areim DC Fund has fully owned the company since 2023. The newly raised capital will fund EcoDataCenter’s continued expansion, the manager said.
Henrik Brinck Landelius, CEO of Areim, said: “The continuous strong support we have received from both existing and new investors is a testament to the strategy of our dedicated data centre fund. The substantial interest in the Areim DC Fund and EcoDataCenter underlines the demand and attractiveness of the Nordic market for data centres.
“There is a lot of activity in this space, and the additional investments are important for growing the platform further. I would also like to show my appreciation to the team for their successful fundraising. We are now well positioned to continue to deliver value to customers, our investors and other key stakeholders.”
Leif Andersson, founder of Areim and chairman of EcoDataCenter, said: “When we first decided to invest in EcoDataCenter, we saw the inherent potential in sustainable data centres to meet the rising demand for digital infrastructure. A lot has happened since, and data centres now form fundamental building blocks of this infrastructure, regardless of the data loads’ origins and use.
“We look forward to continuing to lead the development of data centres in the Nordics as the demand for digitalisation and AI keeps rising.”
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