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Vodafone to sell £100 million data centre portfolio in London

Written by Thu 13 Jul 2023

Vodafone Enterprise has put its data centre portfolio and offices in Central London up for sale to the sum on £100 million ($128.3 million).

Marketing materials seen by Estates Gazette suggest that property agent Savills is seeking a buyer for the portfolio that spans a total of 24,155 sqm (260,000 sqft).

The sites are leased to Vodafone Enterprises, which will expire in April 2032. The rent reportedly generates £6.1 million ($7.8 million) per year.

Student and residential developments could replace the sites, as well as more offices and data centres, according to EGI.

The six data centres up for sale include a former glass factory at Smale and Solaglass House, a multi-story data centre at Mobility House on Croft Street previously run by Cable & Wireless, and a former telecoms facility at Dock Street previously owned by Mercury Communications in the 1980s.

Vodafone has recently sold other sites, including its Newbury headquarters and a data centre in Bracknell for £57 million ($76.5 million) sold to Keppel DC REIT.

In May 2023, Vodafone also announced 11,000 job cuts to its global workforce over the next three years.

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Written by Thu 13 Jul 2023

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