Principal Asset Management, through its dedicated real estate investment team, has acquired a fourth data centre asset for the Principal European data center fund I.
The fund has completed the acquisition of two freestanding data centres, totaling 7,570 sqm, on the Willsborough Industrial Estate in Dublin for around €10 million. The facilities are currently leased to Verizon Ireland and Vodafone Ireland.
The Principal European data center fund I focuses on pan-European manageto-core data centre assets, and currently owns assets in Spain, the UK, the Netherlands and Ireland.
Principal Asset Management has global experience investing in data centres. Since entering the data centre market in 2007, Principal has committed over €2.77 billion in data centre acquisitions and developments and owns more than €1.19 billion in data centre REITs.
Source: https://propertyeu.info/Nieuws/Principal-completes-fourth-data-centre-deal-in-Europe/628dc1c9-0014-401c-9d2b-ab27c61d6ae2, on 14.09.2023