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.”

    Share Story:

Recent Stories


An overview of growth investing
European Pensions Editor, Natalie Tuck, speaks to American Century Investments (ACI), Vice President, Senior Client Portfolio Manager, Kevin Lewis on growth investing.

They discuss how it has performed in 2021, and its outlook, going forward. They also cover ACI’s differentiated growth approach to the investment universe, and how this capitalises on market inefficiencies, as well as how ACI’s team is equipped to invest in this manner.
Podcast: The benefits of private equity in pension fund portfolios
The outbreak of the Covid-19 pandemic, in which stock markets have seen increased volatility, combined with global low interest rates has led to alternative asset classes rising in popularity. Private equity is one of the top runners in this category, and for good reason.

In this podcast, Munich Private Equity Partners Managing Director, Christopher Bär, chats to European Pensions Editor, Natalie Tuck, about the benefits private equity investments can bring to pension fund portfolios and the best approach to take.

Podcast - The power of three: Using Common Contractual Funds to improve tax outcomes for investors
Large asset owners are still investing in equities in a way where they are taxed on their income. The implication is that they get a poorer return. They need to, and can, improve this, but how?

In this podcast, AMX Head of Client and Manager Development, Aaron Overy, and AMX Product Tax Specialist, Kevin Duggan, discuss with European Pensions Editor, Natalie Tuck, about three options to help ensure good withholding tax outcomes for institutional investors.

Mitigating risk
BNP Paribas Asset Management’s head of pension solutions, Julien Halfon, discusses equity hedging with Laura Blows