Digital Transformation Capital Partners (DTCP) has become a majority stakeholder in Atlantic Hub, an Irish data centre developer, marking the investment manager’s maiden move into the data centre sector.
Atlantic Hub, which operates across Northern Ireland and the Republic of Ireland, is a large-scale campus data centre developer.
The company recently received planning permission for its Derry campus, which represents one the largest infrastructure developments in the region, and Northern Ireland’s first large scale data centre campus. Additionally, work is also progressing on a ‘twin’ campus site in County Donegal, Ireland.
Atlantic Hub plans to develop ultra modern facilities, which will provide up to 170MW of data centre capacity to meet growing demand for high-performance cloud computing and AI for hyperscalers.
Zahl Limbuwala, operating partner at DTCP, said: “We are excited to be involved in the onward development of Atlantic Hub as it presents a unique opportunity to develop the region into a new data centre hub.
“There is a huge growth opportunity for Atlantic Hub to benefit from the unprecedented tailwinds in the data centre industry.”
Brian Doherty, managing director & CEO of Atlantic Hub, said: “We are excited to have gained DTCP as our new investor and to develop Atlantic Hub together into a leading data centre operator.
“DTCP’s strong track record across the data centre industry allows Atlantic Hub to capitalise on the sizable opportunity that lies ahead. We look forward to working alongside DTCP as they support Atlantic Hub to reach its full potential in the growing data centre market.”
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