Data centre investor Hyperco has made its debut transaction with the acquisition of a €35m property in Finland from TS-Yhtymä.
Hyperco, which counts NREP and Varma among its investors, said Morgan Stanley Investment Management provided senior financing for the acquisition in Helsinki Metropolitan Area.
The Finland-based real estate investment company founded just over a year ago, said the acquired industrial building located at Myllynkivenkuja 4 in Vantaa, totals 16,900sqm of leasable area and has potential for a 6,500sqm extension.
CEO of Hyperco, Timo Pohjanpalo, said: “We see plenty of potential for development at the property as it features valid industrial zoning, plenty of unused building rights, excellent fibre and electricity connections. A 10-20MW data centre could be developed to the site, and we are currently planning the extension.”
Hyperco’s current pipeline features both standing and development assets across the Nordics. Over the next couple of years, Hyperco intends to invest in both existing data centres as well as large build-to-suit developments and plans to expand its portfolio to other Nordic countries.
“We see plenty of exciting investment and development opportunities in Finland and the Nordics, particularly now, as power and land availability issues are constraining supply in other markets,” said Pohjanpalo.
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