Macquarie Asset Management has acquired a ‘significant’ minority stake in ST Telemedia Global Data Centres‘ subsidiary, Virtus Data Centres.
The acquisition was made through the Macquarie European Infrastructure Fund 7.
VIirtus’ portfolio comprises 11 data centre facilities in Greater London with a combined capacity of over 180 MW. It has an additional 100 MW of projects under consideration across the UK and Europe.
Macquarie Asset Management currently manages investments in AirTrunk, as well as US data centre providers, Aligned Data Centers and Netrality Data Centers.
Nathan Luckey, a Senior Managing Director within Macquarie Asset Management’s Real Assets team, said, “While London’s data centre market is expected to continue seeing increased absorption levels, driven by strong demand for hyperscalers, we believe Europe – including core markets such as Germany and France – will present sizeable growth opportunities over the next decade.
“We are delighted to partner with ST Telemedia Global Data Centres to help scale Virtus’ operations, providing mission critical services that are central to the digital economy. Through our long-term investment, we intend to further strengthen Virtus’ focus on sustainability by backing further investment in its technology and enhancing the lifecycle management of its equipment.”
Bruno Lopez, President and Group Chief Executive Officer at ST Telemedia Global Data Centres, added, “We are pleased to have propelled Virtus’ growth journey over the past seven years which has seen their platform grow into the UK’s leading hyperscale data centre provider today. Our commitment has demonstrated the value of developing high-quality data centres in strategic locations. With Macquarie’s partnership, we look forward to building on this strong momentum, accelerating Virtus’ growth strategy and expanding our services to customers across Europe.”
Neil Cresswell, Chief Executive Officer of Virtus, also added, “Our vision is to lead the data centre industry in Europe by being different by design. We are excited to have an experienced data centre investor in Macquarie join ST Telemedia Global Data Centres to support not only our growth plans, but also our continued innovation and commitment to ensure our facilities are future-proofed with sustainability at their core.”