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Australasia News

Macquarie Asset Management Acquires Significant Minority Stake in ST Telemedia’s VIRTUS Data Centres

Macquarie Asset Management has acquired a significant minority stake in ST Telemedia Global Data Centres.

ST Telemedia reached an agreement for Macquarie Asset Management, via Macquarie European Infrastructure Fund 7, to acquire a significant minority stake in leading data center provider VIRTUS Data Centres (VIRTUS), the company said in a statement. Details of the stake acquired were not disclosed.

What’s on offer

Macquarie Asset Management is a leading investor in digital infrastructure globally. 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. 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.”

VIRTUS is focused on sustainability, sourcing its electricity needs from renewable energy and is targeting net zero emissions across its data centre operations by 2030. Bruno Lopez, President and Group Chief Executive Officer at ST Telemedia Global Data Centres, said:

“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.”

As the world’s largest infrastructure manager, Macquarie Asset Management currently manages investments in AirTrunk, a leading Asia-Pacific data centre developer and operator with facilities in Australia, Singapore, Japan and Hong Kong. Neil Cresswell, Chief Executive Officer of VIRTUS Data Centres, said:

“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.”

Through this long-term investment, VIRTUS intends to further strengthen VIRTUS’ focus on sustainability by backing further investment in its technology and enhancing the lifecycle management of its equipment.

 

 

Join the conversation at W.Media’s Asia Pacific Cloud & Datacenter Awards programme, where enterprise users and industry experts will come together to share their insights and opinions on data centre projects and hyperscale cooling innovations. If you are interested in nominating or sponsoring, visit our Awards Page for more information. Nominations are open until 5th August.

 

Publish on W.Media
  • August 2, 2022
Author Info - W.Media
Putra Kurniawan
Putra Kurniawan
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