Wed, 08 Jan 2025 | COMMERCIAL PROPERTY
Real estate investor Castleforge has bought Redhill Data Centre, in partnership with data centre operator and advisory firm Galaxy Data Centers.
With a development value of over £100 million, the deal marks Castleforge’s first venture into the expanding data centre market.
Castleforge will acquire the site from a global data centre operator, in a deal brokered by CBRE. Global alternative asset manager ICG was the lender via its Real Estate Debt Strategy.
Located near London in the Foxboro Business Park, the Redhill Data Centre campus spans 11,800 square metres across three buildings with 26MVA of power. Twenty-six existing tenants, including Fortune 500 enterprises and organisations ranging from financial services to AI, are, said Castleforge, attracted by the secured green energy, low-latency connectivity to data centre hubs like Slough and the Docklands, and scalable infrastructure.
Castleforge believes that the surging demand for data is significantly outstripping current levels of power supply, and with difficulties constructing new data centres around major metropolitan areas, existing hubs are becoming increasingly attractive prospects for investment.
Adam MacLeod, Partner, Castleforge, said: “Data centres have been an attractive prospect that we have been monitoring for some time, but with advancements in AI and cloud computing accelerating demand, we have been eager to find the right opportunity in which to invest. The sector also fits within our speciality of operational real estate investment, and we see this as a logical extension to our existing capabilities.”
Paul Leong, Chief Financial Officer at Galaxy Data Centers, added: "Redhill presents a rare opportunity to acquire a high-performing data centre in the prime London market, with strategic potential for expansion in both power and scale.”
According to the latest data from CBRE the European data centre market grew by nearly 20 per cent year-on-year in Q1 2024, with significant development across Frankfurt, London, Amsterdam and Paris.
Find out more about the links between AI and M&A
The owner and creator of a software company for retail furnishing in the United Kingdom are looking to sell the business. They are open to speaking to interested buyers that want to acquire a sound company with niche product services. The company ha...
Stock forecasting is a challenge for most companies, if inventory is not well managed the enterprise will face an increase in costs and even it can register losses. This stock management software solution provides an optimal forecast so that the ente...
Mobile app designed to turn physical activities like walking, running, and cycling into a social game. The app uses the concept of gamification to engage users in physical exercise and promote a healthier lifestyle. We convert inactive people into ac...
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.