Vodafone to sell £100 million data centre portfolio in London

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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