Listed private equity firm Deutsche Beteiligungs has set up a new company to invest in data centres in the DACH region.

Deutsche Beteiligungs said it is planning to invest €23m to buy two data centres in Hamburg as seed assets for the new company which is expected to grow organically via further acquisitions in Germany, Austria and Switzerland.

The initial assets are being bought through the purchases of data centre operators Akquinet Rechenzentrum Leuchtturm and Akquinet Cubit from three private individuals and Akquinet AG Hamburg.

Akquinet Rechenzentrum already has a fully utilised data centre and Akquinet Cubit is set to build a data centre in the city.

Tom Alzin, a member of Deutsche Beteiligungs’s board, said data centres, which in most cases have long-term leases, offer very predictable revenues and because of their investment profile, they are very well suited to being long-term investments.

“The growing market offers potential for organic as well as inorganic growth, which we want to exploit with the new data centre operator,” Alzin said.

To read the latest edition of the latest IPE Real Assets magazine click here.

Topics