ST Telemedia Global Data Centres (ST Telemedia) has reached an agreement for Macquarie Asset Management, via Macquarie European Infrastructure Fund 7, to acquire a significant minority stake in leading data centre provider VIRTUS Data Centres (VIRTUS).
VIRTUS provides colocation and cloud connectivity services to blue-chip clients, including global technology companies and enterprise clients. Its portfolio comprises 11 data centre facilities in Greater London with a combined capacity of over 180 MW and an initial 100 MW pipeline of projects under consideration in prime locations across the UK and Europe.
VIRTUS is deeply focused on sustainability, sourcing its electricity needs from renewable energy. VIRTUS is also targeting net zero emissions across its data centre operations by 2030.
“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,” said Nathan Luckey, Senior Managing Director at Macquarie Asset Management.
“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.”
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