Trinity House Investments and asset manager Catella APAM have acquired a 106,000ft² data centre in west London. APAM has identified a range of asset management initiatives to drive value in the near and medium term. The companies intend to refurbish the facility to grade A standard to capitalise on the growing demand in this sector. The purchase price was not disclosed.
Alan Harris, head of asset management at APAM, added: “This is a prime example of APAM’s ability to identify opportunities for value on behalf of our clients. We recognised the potential of an asset that benefits both from excellent proximity to connectivity whilst having significant power capacity, and the opportunity to immediately add value through investment given the distressed nature of the structure. This marks our first acquisition of a data centre, but we are interested in the sector with the potential for growth in demand for data capacity.”
