Data center business Lincoln Rackhouse has made its first investment outside of its US homeland, partnering with Sprott Korea Investment to acquire a data center near London, UK.
The two companies acquired a 145,000 square foot (13,500 sq m) data center in Camberley.
Coming to the UK
The transaction is a partial sale-leaseback with a Fortune 100 financial institution, which has signed a long-term lease for around half of the facility. Lincoln Rackhouse will lease the remaining space and capacity to enterprise users or a data center operator.
"We are very proud of the data center portfolio we've built in the United States," said Martin Peck, executive vice president head of Lincoln Rackhouse, a division of Lincoln Property.
"By adding a quality asset like this in London, one of the world's top data center markets, we are taking our data center platform to new heights."
Thomas Hill, VP of acquisitions for Lincoln Rackhouse, added: "This is a very appealing opportunity given the long site acquisition, construction and electrical capacity procurement lead times that enterprise users and operators can face when entering into or expanding within the London market. This acquisition enables us to facilitate a new customer installation immediately.
"To think this transaction was able to be successfully completed during these challenging times is not only personally inspiring, but it’s also a testament to the professionalism and dedication of all involved – our Lincoln and Sprott Korea teams, our attorneys, facility partners and our seller."
