- What Merseyside Pension Fund has bought a data centre
- Why Purpose build facility let to operator Atos
- What next RPI-linked lease in place until 2030
AXA IM Alts has completed the sale of a data centre to a public pension fund for £38m, React News can reveal.
Merseyside Pension Fund, working with CBRE Capital Advisors, has purchased a tier III data centre in Andover. The 60,000 sq ft centre is let to operator Atos until 2030 – the lease is subject to RPI-linked annual uplifts.
The purpose-built data centre sits on a 3.5-acre site in Andover, offering connectivity and low latency to London, the largest data centre market in Europe.
The facility represents a critical facility for Atos from which they service a number of high-profile customers including the UK Government.
Merseyside Pension Fund was represented by JLL, and CBRE advised AXA IM Alts.
Paul Mortlock, head of European data centre capital markets, said: “CBRE had tremendous interest in this sale where we received multiple offers, all in excess of our guide price, further demonstrating the deep buyer pool for well let data centre investments.”
