GET MINORITY STAKE IN UK DATA CENTER FIRM
ST Telemedia Global Data Centres has reached an agreement with Macquarie Asset Management, via Macquarie European Infrastructure Fund 7, for the acquisition of a significant minority stake in VIRTUS Data Centres.
VIRTUS Data Centres is a ST Telemedia portfolio company which operates 11 data center facilities in Greater London with a combined capacity of over 180MW, and an initial 100MW pipeline of projects under consideration in locations across the UK and Europe.
“We are delighted to partner with ST Telemedia 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,” said Nathan Luckey, a Senior Managing Director at Macquarie Asset Management.
“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 center provider today. Our commitment has demonstrated the value of developing high-quality data centers 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,” Bruno Lopez, President and Group Chief Executive Officer at ST Telemedia Global Data Centres.
“Our vision is to lead the data center industry in Europe by being different by design. We are excited to have an experienced data center investor in Macquarie join ST Telemedia to support not only our growth plans, but also our continued innovation and commitment to ensure our facilities are futureproofed with sustainability at their core,” said Neil Cresswell, Chief Executive Officer of VIRTUS Data Centres.
In another announcement, ST Telemedia Global Data Centres recently disclosed it plans to develop a new 30MW data center site in Gasan-dong, Seoul, South Korea.