- What Fiera Real Estate and Sedco Capital sell data centre in Bracknell to Keppel DC REIT for £57m
- Why The REIT is growing its data centre portfolio in Europe
- What next The size of the site means there is scope for development
Fiera Real Estate UK and Sedco Capital have sold a data centre in Bracknell to Singapore-listed Keppel DC REIT for £57m.
The 94,867 sq ft data centre, which is located on Longshot Lane, is let to Vodafone on a 30-year lease with a further 17.6 years unexpired.
The property is positioned within a large 4.7-acre site and comprises a data centre and Grade A office accommodation arranged over ground and first floors. The size of the site provides scope for development.
The £57m price represents a significant uplift on the £35.2m that Fiera and Sedco paid to buy the asset in 2016.
The pandemic has increased the importance of data centres, and deals across the market have resulted in the last 18 months being the busiest period in data centre history.
The Bracknell asset adds to Keppel DC REIT’s growing portfolio in Europe and the UK, where it already owns data centres in Canary Wharf and Cardiff.
FRE UK completed the sale on behalf of Sedco Capital, the Saudi based investment group. The investment programme focuses on core investing across critical infrastructure, distribution and office assets.
The vendor was advised by Knight Frank and Dentons whilst the purchaser was advised by BCLP.
