Denmark's PFA acquires 20% of data centre specialist Data4

Danish pension provider PFA has purchased 20 per cent of Data4, which finances, designs, builds and operates data centres in several locations in Europe.

The move constitutes an expansion of PFA’s data centre investments, with the company already holding interests in data centres across Asia, Europe and the US.

Data4 was fully owned by AXA Investment Managers.

The Data4 platform currently operates 19 data centres in France, Italy, Luxembourg and Spain, with a total capacity of 85,000 square meters net technical area and 204 megawatts of available power.

PFA real estate director, Michael Bruhn, said: “An important part of our investment strategy is to increase our foreign real estate investments, focusing on international megatrends. And here, this investment fits perfectly.

“With the investment, we can gain further exposure to technological development and increasing data generation through data centre ownership.”

Bruhn commented that the market for data centres was “generally characterised by the supply being unable to keep up with the rapidly increasing demand”, making PFA confident that “the investment will provide attractive returns for our customers”.

He added: “With this investment, we are helping to realise the vision of placing Data4 among Europe's leading data centre platforms. Data4 has the highest quality data centres that are certified in both ESG, security and operational stability.

“At the same time, as a responsible investor, we attach great importance to the fact that Data4 has a significant climate focus. implies that all the energy used in the data centres comes exclusively from renewable energy sources.”

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