AXA IM Alts has agreed to sell, on behalf of clients, Data4, a data centre platform in Europe, to Brookfield Infrastructure.
This investment marks Brookfield’s first major entry into the European data centre market.
AXA IM Alts acquired full control of DATA4 in 2018. During AXA IM Alts’ ownership, Data4’s portfolio has increased to 31 data centres across 6 countries with 850MW secured power.
AXA IM Alts said it remains highly confident in the long-term value creation potential of sectors related to the storage and communication of data and will continue to actively seek acquisition and development opportunities in these asset classes in key markets across the globe.
”Brookfield will leverage its ecosystem to provide best-in-class greenfield development and renewable power capabilities to further build the business throughout Europe. Data4’s long-term inflation-linked contracted business model, with blue-chip hyperscale customers, provides stable and recurring revenues that fit well within Brookfield’s investment strategy,” said the company in a press release.
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