228
Real estate investment management company, PGIM, has acquired property near Munich, Germany to develop a data centre. This investment was made through the company’s European Value Partners (EVP) II Fund for an unspecified amount.
The Munich data centre site is located between the city centre and Munich Airport and is equipped with 30MW of available power. Details of the purchase, the buildout, and the eventual end-user for the site were not included in the documentation.
“The rapidly increasing demand for data centres, combined with the…