Dillenburgstraat
Marathon sold datacentre buildings in Eindhoven.
Keppel DC REIT has acquired a 100% interest in a freehold property of data centre buildings in De Hurk, which is the largest business park in Eindhoven, the Netherlands, for EUR 37.2 million. The vendor is a fund affiliated with MCAP Global Finance (UK) LLP, the European subsidiary of New York headquartered Marathon Asset Management LP (‘Marathon’).
The property, which is located at Dillenburgstraat 25A-25E, 25E1, 25F, 25G and 25J-25M, is Keppel DC REIT’s third asset in the Netherlands, and further strengthens its foothold in this key data centre market in Europe.
Strategically located close to Eindhoven’s city centre and international airport, the property is well connected to the Netherland’s motorway network. Comprising two shell and core data centre buildings as well as a warehouse and an ancillary office building within the site, the property has a combined lettable area of ca. 10,800 sq m. The data centre space is leased to a global leading IT services provider.
Ms Anthea Lee, CEO of Keppel DC REIT Management Pte. Ltd., the Manager of Keppel DC REIT, said: "Being one of the top four data centre markets in Europe and the eighth largest data centre market globally, the Netherlands is a strategic market for Keppel DC REIT. We are pleased to be able to add to our portfolio a quality and green data centre located in the key technology hub of Eindhoven. With this acquisition, we also diversify our portfolio base with the addition of a well-established data centre client and we look forward to establish strong ties with this client. With this asset, we continue to leverage the strong fundamentals of the Netherlands to provide our investors with stable and sustainable returns.”
Marathon was advised by Loyens & Loeff, Arcadis, KPMG and NL real estate | Knight Frank.
