Macquarie Asset Management’s latest European infrastructure fund is investing in a data centre company owned by ST Telemedia Global Data Centres.
Singapore-headquartered ST Telemedia said it has agreed to sell a significant minority stake in VIRTUS Data Centres to the Macquarie European Infrastructure Fund 7 fund.
VIRTUS provides colocation and cloud connectivity services. The company’s portfolio comprises 11 data centre facilities in Greater London with a combined capacity of over 180MW, and an initial 100MW pipeline of projects under consideration in prime locations across the UK and Europe.
Nathan Luckey, a senior managing director within Macquarie Asset Management’s real assets team, said: “While London’s data centre market is expected to continue seeing increased absorption levels, driven by strong demand for hyperscalers, we believe Europe – including core markets such as Germany and France – will present sizeable growth opportunities over the next decade.”
Bruno Lopez, the president and group CEO at ST Telemedia Global Data Centres, said: “We are pleased to have propelled VIRTUS’ growth journey over the past seven years which has seen their platform grow into the UK’s leading hyperscale data centre provider today.
“Our commitment has demonstrated the value of developing high-quality data centres in strategic locations. With Macquarie’s partnership, we look forward to building on this strong momentum, accelerating VIRTUS’ growth strategy and expanding our services to customers across Europe.”
Neil Cresswell, the CEO of VIRTUS Data Centres, said: “Our vision is to lead the data centre industry in Europe by being different by design. We are excited to have an experienced data centre investor in Macquarie join ST Telemedia Global Data Centres to support not only our growth plans but also our continued innovation and commitment to ensure our facilities are futureproofed with sustainability at their core.”
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