Macquarie Asset Management, which is a part of the Australian headquartered Macquarie Group, has acquired a “significant minority stake” in ST Telemedia Global Data Centres’ Virtus Data Centres.
The investment was made in a bid to leverage the “unique capabilities” of ST Telemedia Global Data Centres and Macquarie Asset Management to drive the growth of Virtus in the UK and across Europe, says a spokesperson for ST Telemedia Global Data Centres. No details of the stake or the amount were disclosed.
ST Telemedia Global Data Centres is a subsidiary of ST Telemedia, which is, in turn, a subsidiary of Temasek Holdings.
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.
"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,” says Nathan Luckey, a senior managing director within Macquarie Asset Management's real assets team.
"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,” he adds.
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"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,” says Bruno Lopez, president and group CEO at ST Telemedia Global Data Centres.
"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 futureproofed with sustainability at their core,” says Neil Cresswell, CEO of Virtus Data Centres.
