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Vantage Data Centres secures £2.1bn partnership to accelerate growth in Europe

Written by Tue 31 Oct 2023

Vantage Data Centres has completed a £2.1 billion ($2.5 billion) investment partnership with a consortium of investors.

The partnership aims to accelerate Vantage’s expansion into its Europe, Middle East, and Africa (EMEA) data centre platform.

The partnership will initially consist of six stabilised data centres in locations across Europe. The facilities are expected to provide 177MW of capacity and span more than 167,225sqm. Locations of the data centres were not yet named.

Under the partnership, Vantage’s management team will oversee and operate the facilities as part of its global data centre portfolio. Management will be led by Sureel Choksi, President and CEO at Vantage.

“This transaction provides Vantage with additional capital to continue our expansion in new and existing markets across EMEA, capitalising on the extraordinary growth opportunities, driving innovation and delivering state of the art sustainable data centres for our customers,” said Choksi.

Currently, Vantage operates European data centres in London, Cardiff, Berlin, Frankfurt, Zurich, Milan, Warsaw, and Johannesburg.

The investment partnership was led by asset managers MEAG and Infranity, alongside funds affiliated with the investment management platform of DigitalBridge Group.

“Data centres are the backbone of the increasing digitisation of the economy … The investment is another milestone in MEAG‘s strategic expansion into digital infrastructure,” said Dominik Damaschke, Head of Infrastructure Equity at MEAG.

Vantage said the partnership provides the company with multiple partners with deep expertise in digital infrastructure.

“This investment highlights our unwavering commitment to advancing cutting-edge digital infrastructure, thereby strengthening our resolve to create a more sustainable and interconnected world,” said Jaime Hector, Managing Director and Co-head of the Equity Team at Infranity.

The announcement arrived weeks after Vantage Data Centres raised £1.1 billion ($1.35 billion) in securitised notes for its North American platform. 

The proceeds from this transaction are primarily being used to refinance existing financings in place for three data centres on the company’s flagship Northern Virginia campus and five data centres in the province of Quebec, Canada.

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Written by Tue 31 Oct 2023

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