Macquarie Asset Management backs VIRTUS
Leading data centre provider VIRTUS Data Centres (www.virtusdatacentres.com) is set to see rapid expansion after ST Telemedia Global Data Centres (ST Telemedia) reaches an agreement for Macquarie Asset Management, via Macquarie European Infrastructure Fund 7, to acquire a significant minority stake in leading VIRTUS.
“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 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.”
“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,” adds Bruno Lopez, President and Group Chief Executive Officer, ST Telemedia Global Data Centres. “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.”
Providing colocation and cloud connectivity services to blue-chip clients, including global technology companies and enterprise clients, VIRTUS’ portfolio comprises of 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. Deeply focused on sustainability, sourcing its electricity needs from renewable energy, VIRTUS is targeting net zero emissions across its data centre operations by 2030.
“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 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,” comments Neil Cresswell, Chief Executive Officer, VIRTUS Data Centres.
A leading investor in digital infrastructure globally, Macquire 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. Macquarie Asset Management is also supporting the expansion of leading US data centre providers Aligned Data Centers and Netrality Data Centers.