In its first venture outside the US, Lincoln Rackhouse, the data centre division of Lincoln Property Company, has partnered with Sprott Korea Investment on the acquisition of a 145,000-sq ft (13,470 m2) data centre in Camberley, around 50 km southwest of London.
The transaction is a partial sale-leaseback with an undisclosed Fortune 100 financial institution, which has signed a long-term lease for approximately 50% of the facility. Lincoln Rackhouse will lease the remaining space and capacity to enterprise users or a data centre operator.
‘We are very proud of the data center portfolio we've built in the United States. By adding a quality asset like this in London, one of the world's top data center markets, we are taking our data center platform to new heights,’ said Martin Peck, executive vice president and leader of Dallas-based Lincoln Rackhouse.
‘This latest acquisition continues our strategic expansion across the UK and Europe in those key sectors where we have a truly compelling expertise, and we look forward to doing more data centre deals in the near future,’ commented Troy Javaher, managing partner for the UK/Europe for Lincoln Property Company.
Data center demand is high among Korean institutional investors and operating companies. And, it is rapidly increasing due to the expansion of IoT and Cloud services. ‘Sprott Korea is looking forward to showing its ability to fulfill client needs for future data centre investment opportunities,’ said Seokhyun Yun, CEO of Sprott Korea Investment.
