AXA IM - Real Assets acquires European data centre portfolio and operating platform
AXA Investment Managers - Real Assets (AXA IM - Real Assets) has acquired, on behalf of its client, AXA France, the remaining interest in DATA4, a European data centre owner and operator.
The deal increases AXA France’s ownership of the platform from 37 per cent to 100 per cent. The stake was acquired from funds managed by Colony Capital.
DATA4 finances, designs, builds and operates data centres and currently provides a total of 27,100 sq m of net technical space and over 140 MW of available power. It currently operates 15 data centres across three sites in France, Italy and Luxembourg, 12 of which it owns, including Europe’s largest and most powerful data centre campus, located in Paris.
In addition, DATA4 continues to steadily increase its capacity with a strong pipeline of development opportunities under review, both on existing campuses and new sites. All of the high-performing assets in the DATA4 portfolio stand out as being best-in-class, wholly secure and environmentally friendly, while the platform has a diversified client base of 80 customers, including leading international cloud providers.
The acquisition is in line with AXA IM - Real Assets’ client’s strategy to hold institutional quality long-term assets in the digital infrastructure sector and invest in platforms with the capacity to grow.
Isabelle Scemama, CEO of AXA IM - Real Assets, says: “This strategic investment further expands our Real Assets business and immediately provides AXA IM - Real Assets with a meaningful exposure to the growing digital infrastructure sector and its attractive demand-driven potential. Having worked with DATA4 for the past six years, we have full confidence in its market-leading capabilities in the data centre management space, and believe that having our own operating platform will provide AXA IM - Real Assets with a competitive edge as we look to take advantage of its scalable potential.”d