AXA Investment Managers - Real Assets has bought the remaining 63% stake it did not already own in a European data centre operator.

The asset manager said it has acquired, on behalf of its client, AXA France, the stake in DATA4, from funds managed by Colony Capital. No financial details were disclosed.

DATA4 finances, designs, builds and operates data centres and currently provides a total of 27,100sqm of net technical space and over 140MW of available power.

It currently operates 15 data centres across three sites in France, Italy and Luxembourg, 12 of which it owns, including Europe’s largest data centre campus, located in Paris.

Isabelle Scemama, the CEO of AXA IM - Real Assets, said: “This strategic investment further expands our Real Assets business and immediately provides AXA IM - Real Assets with a meaningful exposure to the growing digital infrastructure sector and its attractive demand-driven potential.

“Having worked with DATA4 for the past six years, we have full confidence in its market-leading capabilities in the data centre management space, and believe that having our own operating platform will provide AXA IM - Real Assets with a competitive edge as we look to take advantage of its scalable potential.”