Investment firm Digital Transformation Capital Partners (DTCP) has invested in Atlantic Hub, a data center developer based in Northern Ireland and the Republic of Ireland.
Terms of the investment were not shared.
Zahl Limbuwala, operating partner at DTCP, said: “We are excited to be involved in the onward development of Atlantic Hub as it presents a unique opportunity to develop the region into a new data center hub. There is a huge growth opportunity for Atlantic Hub to benefit from the unprecedented tailwinds in the data center industry.
"With Atlantic Hub’s Derry campus having been granted planning permission, we are now looking forward to working with Brian and his team, leveraging our experience and network to develop a state-of-the-art data center campus.”
Established in 2018, Atlantic Hub is looking to develop data center campuses across the island of Ireland. The company recently received planning permission for its debut campus in Derry, Northern Ireland. At full build-out, the 100MW, 12-hectare site at the Foyle Port Innovation Park in Maydown could total four buildings and 1 million sq ft (93,000 sqm) of technical space.
The project has been in the planning phase for several years - planning permission for this campus was first submitted back in 2018. Outline planning permission was secured for four data centers on the site in 2020 - though with conditions attached. Site preparation work began in 2022 after those conditions were met.
The company is also working on a campus in County Donegal, Ireland. The 100MW campus is planned at the Letterkenny Technology Park.
Brian Doherty, managing director & CEO of Atlantic Hub, added: “We are excited to have gained DTCP as our new investor and to develop Atlantic Hub together into a leading data center operator. DTCP’s strong track record across the data center industry allows Atlantic Hub to capitalize on the sizable opportunity that lies ahead. We look forward to working alongside DTCP as they support Atlantic Hub to reach its full potential in the growing data center market.”
DTCP is an investment management firm with $3 billion in assets under management; DTCP Infra specializes in European digital infrastructure investments, including mobile towers, fiber networks, and data centers. The firm‘s infrastructure investments include fiber companies Community Fibre, Cellnex Netherlands, Open Dutch Fiber, and German data center firm Maincubes.
Markus Wiedenmann, CEO of Art Invest commented: “It’s wonderful to be working again with our partners at DTCP who have extensive data center development experience and unique market sector knowledge. I’m also pleased to see that Brian whom we backed from an early stage has reached this important milestone in the development of Atlantic Hub.”
