Global investor GIC and MEAG, the asset manager of Munich Re Group, are investing a combined $1.5bn into Vantage's EMEA data center platform.

The transaction is GIC's first in Vantage EMEA, while it is an expansion of MEAG's existing investment in the regional platform in October of last year.

In total, Vantage’s EMEA portfolio currently includes approximately 2.5GW of IT capacity that is operational or in development.

According to MEAG, the investment covers data centers in the DACH (Germany, Austria, and Switzerland) region, specifically four data centers, two located in Frankfurt, Germany, and two in Zurich, Switzerland.

MEAG suggests that the four data centers offer a combined 71,000 sqm (764,238 sq ft) of floor space and 72MW of IT capacity, and is likely specific data center buildings, not whole campuses.

According to the Vantage Data Centers' website, Zurich I comprises three data centers with 40MW across 37,000 sqm (400,000 sq ft); Zurich II is a single data center with 24MW across 21,000 sqm (226,000 sq ft) and was launched in July of this year; Frankfurt I has three facilities with a total of 56MW across 42,000 sqm (452,000 sq ft); and Frankfurt II has two data centers also with 56MW, spanning 45,000 sqm (485,000 sq ft).

David Pecher, senior transaction manager infrastructure equity at MEAG, said: “We would like to thank all partners and colleagues involved for the close and trusting cooperation that led to the success of this transaction. The investment is a further milestone in MEAG's strategic expansion into digital infrastructure, which includes now ~250MW of IT capacity in data centers.”

Earlier this year, Vantage closed a $9.2 billion equity investment led by investment vehicles managed by DigitalBridge and Silver Lake. The proceeds were planned to fund growth across North America and EMEA.

Earlier this month, Vantage issued inaugural bonds in the APAC region through its wholly-owned subsidiary PowerDC Holdco Pte. The offerings include a five-year SGD$100 million (US$74m) bond and a three-year HKD$300 million (US$38.5m) bond.