European investor and asset manager Avignon Capital has made its first data centre investment in Amsterdam.
Avignon said it has paid €11.6m to buy a 7,450sqm data centre building in Amsterdam-West, which is currently let by a large international telecommunication company.
Jack Pearce, investment analyst at Avignon Capital said: “We are pleased to have acquired this property at a time where supply for this kind of asset is limited but demand remains high in Amsterdam.
“This property benefits from a globally operating tenant, providing strong security of income. Coupled with the general backdrop being supportive of data centre assets, we anticipate that this will provide attractive income returns.”
This story has been updated to say the data centre building in Amsterdam-West is currently let by a large international telecommunication company