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The following content is from an older version of this website, and may not display correctly.Real estate firm Pinder Fry and Benjamin is seeking another £40 million for data center investment.
The company said the PFB data center fund has already commited to working with
e-shelter to build on a site in Saunderton, west of London, of which it owns 50% and sites in Frankfurt, Munich and Zurich.
The company said this third round of funding would be used to invest in the sites to which it has already committed and new data center investments.
"By investing in data centre projects at the early development stage in both the UK and continental Europe, the Fund seeks not only to benefit from a "first mover" advantage, but also to gain exposure to the full investment upside associated with this opportunity. There is a shortage of available "fit for purpose" data center space: in South East England alone, current data centre demand is over one million sq ft. Social, economic, commercial, legislative and regulatory factors driving the need for ever more data processing and storage capacity are also imposing new demands on modern data centre design. Most existing data centres are unable to meet these exacting requirements and thus have been described by industry commentators as effectively obsolete," the firm's offer summary document said.
The company said the PFB data center fund has already commited to working with
e-shelter to build on a site in Saunderton, west of London, of which it owns 50% and sites in Frankfurt, Munich and Zurich.The company said this third round of funding would be used to invest in the sites to which it has already committed and new data center investments.
"By investing in data centre projects at the early development stage in both the UK and continental Europe, the Fund seeks not only to benefit from a "first mover" advantage, but also to gain exposure to the full investment upside associated with this opportunity. There is a shortage of available "fit for purpose" data center space: in South East England alone, current data centre demand is over one million sq ft. Social, economic, commercial, legislative and regulatory factors driving the need for ever more data processing and storage capacity are also imposing new demands on modern data centre design. Most existing data centres are unable to meet these exacting requirements and thus have been described by industry commentators as effectively obsolete," the firm's offer summary document said.