ST Telemedia Global Data Centres (ST Telemedia) has reached an agreement for Macquarie Asset Management, via Macquarie European Infrastructure Fund 7, to acquire a significant minority stake in leading data centre provider VIRTUS Data Centres (VIRTUS).
VIRTUS provides colocation and cloud connectivity services to blue-chip clients, including global technology companies and enterprise clients. Its portfolio comprises 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.
VIRTUS is deeply focused on sustainability, sourcing its electricity needs from renewable energy. VIRTUS is also targeting net zero emissions across its data centre operations by 2030.
Nathan Luckey, a Senior Managing Director within Macquarie Asset Management's Real Assets team, said: "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.
"We are delighted to partner with ST Telemedia Global Data Centres 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."
Bruno Lopez, President and Group Chief Executive Officer at ST Telemedia Global Data Centres, said: "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. 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."
Neil Cresswell, Chief Executive Officer of VIRTUS Data Centres, said: "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 Global Data Centres 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."
Macquarie Asset Management is a leading investor in digital infrastructure globally. As the world's largest infrastructure manager, Macquarie 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.
About ST Telemedia Global Data Centres
ST Telemedia Global Data Centres is one of the fastest-growing data centre providers, headquartered in Singapore. With a global platform of data centres in the world's major business markets of over 170 facilities across Singapore, UK, India, China, Thailand, South Korea, Indonesia, Japan and Philippines, STT GDC offers a full suite of best-in-class, highly scalable and flexible data centre solutions, connectivity and support services that best meet customers' current and future colocation needs. For more details, please visit sttelemediagdc.com.
About VIRTUS Data Centres
VIRTUS Data Centres (VIRTUS) is a trusted global leader in the data centre industry and the UK's leading data centre company, committed to delivering reliable, resilient and responsible digital infrastructure for our customers. As part of ST Telemedia Global Data Centres (STT GDC), VIRTUS is the home of the cloud in London, and at the heart of Europe. Collectively, the STT GDC Group provides a global platform that has more than 140 data centres worldwide with over 1.8GW of IT load, across 20 major business markets.
VIRTUS has a proven track record of over a decade designing and operating the UK's most efficient facilities. Committed to the highest standards of Operational Excellence - safety, security and availability - VIRTUS hires the best people to work in an industry which is increasingly essential to everyone and everything. We are laser focused on responsibly delivering solutions for the benefit of our customers, colleagues, suppliers, the environment and the world, every minute of every day.
