London-based Shariah-compliant investment bank Gatehouse has completed the sale of a data centre in the UK for £28 mln (€39 mln)
London-based Shariah-compliant investment bank Gatehouse has completed the sale of a data centre in the UK for £28 mln (€39 mln)
The data centre is located in the south east of England and was sold to clients of AXA Investment Managers - Real Assets.
Gatehouse acquired the data centre in 2011. Since then, the asset has provided investors with an attractive yield and a profitable exit, the bank said.
Chief investment officer Abdulaziz AlDuweesh said, 'Consistent with our approach, we entered the market for data centres ahead of others. Today, this is a well-accepted asset class, and the market for well-let data centres is strong. We are pleased to provide investors with an excellent return on their investment.'
Gatehouse was advised by DTZ in this transaction.