Invesco Real Estate has acquired its first data center asset in Europe, a 22,300 square meter facility in Wissou, a few kilometers south of the Paris ring road.
The asset, acquired on behalf of one of Invesco’s long-standing separate accounts, was sold by French real estate company Argan and transferred to data center operator Cyrus Swan.
Alexandre Rocher, Director of Investments in France at Invesco Real Estate, said: It combines long-term income with dedicated tenancy in a market with severe supply shortages.
“Data centers are one of the investment themes we believe in, with strong market fundamentals, high barriers to the development of new supply, and widespread migration driven by cloud, artificial intelligence and the move to a fully digital economy. with continued demand that continues to be driven by.”
Toby Simon, Managing Director and Co-Head of Individual Mandate Accounts at Invesco Real Estate, said: It’s a time when not only are asset prices back to very attractive levels, but you’re also securing future-proof income with the potential for long-term value growth in an irreplaceable location. ”
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