Pbb Deutsche Pfandbriefbank has provided a EUR 60 mln development and investment loan for a data centre to be built in Rüsselsheim, western Germany, by data centre developer and operator E-shelter. The financing is the second loan to be granted to e-shelter since Pbb's entry into this asset class at end-2011.
Pbb Deutsche Pfandbriefbank has provided a EUR 60 mln development and investment loan for a data centre to be built in Rüsselsheim, western Germany, by data centre developer and operator E-shelter. The financing is the second loan to be granted to e-shelter since Pbb's entry into this asset class at end-2011.
Commenting on the deal, Gerhard Meitinger, head of origination for Germany at Pbb Deutsche Pfandbriefbank, said: ‘We will continue to expand our expertise in this area as we see an increasing need for buildings which meet the requirements of modern information technology. We are ready to act as a finance partner.'
Dubbed 'Frankfurt 3', the new data centre will provide 17,600 m2 of space. The initial phase of 4,400 m2 is due to be completed by November 2012. The data centre is the first e-shelter to use an advanced hybrid external air cooling system.
