European data center firm KevlinX has broken ground on its debut facility, as its new owners officially announced they had taken a majority stake in the company.
Macquarie Capital last week announced the company, as lead investor alongside Flemish investment company PMV and its infrastructure fund EPICo², has become the majority investor in KevlinX.
Macquarie also said KevlinX has now commenced construction of its first 32MW data center in Brussels, Belgium.
Giovanni Della Pesca, managing director, Macquarie Capital said: “This is a sector experiencing huge growth, playing a crucial role in supporting an increasingly digital global economy. We are pleased to partner with PMV and KevlinX to realize this critical infrastructure for Belgium. Through our investment, we intend to support KevlinX to deliver on their project pipeline as they embark on an exciting period of growth across Europe.”
Werner Decrem, portfolio manager at PMV Fund Management and infrastructure group manager at PMV, added: “PMV and Epico² are delighted to support KevlinX in the realization of this high-quality data center in Belgium and to further support KevlinX’s growth plan. By teaming up with KevlinX and Macquarie Capital, we can accelerate the development of digital infrastructure in the Benelux and the broader European market.”
News of the acquisition surfaced earlier this month after law firm Allen & Overy announced it advised Macquarie Capital on its investment in KevlinX.
Barro Luitjes and Egbert Ho, KevlinX founder and CFO respectively, said: “The data center sector is critical to the global digital transformation and is experiencing accelerated growth by surging demand for data center capacity.”
They continued: “We welcome our new investment partners Macquarie Capital, PMV, and EPICo² to embark on our journey to develop and operate a pan-European platform, starting in Brussels where construction of our 32MW data center has commenced.”
Though it is now down and undergoing a refresh, KevlinX’s previous website suggested the company is developing a 68MW, Tier III quality data center on a 50,000 sqm site (538,195 sq ft) in the Belgian capital. The campus will operate with a PUE of 1.2 and feature six fiber entrances, as well as more than 1,000 sqm of office & disaster recovery space.
Details on project timelines haven’t been shared. Previous announcements from 2020 suggested a Q4 2021 go-live date.
The company’s website also noted future planned developments in Madrid, Spain; and Vienna, Austria. No further details were available on those projects.