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As Per Latest Information Brookfield to Acquire Data4 from AXA IM Alts

AXA IM Alts sold Data4, expanding Brookfield’s global data centre platform.

One of Europe’s largest data center systems, Data4, was sold by AXA IM Alts to Brookfield Infrastructure. Data4’s portfolio expanded to encompass 31 data centers spread across six nations with 850MW of secured electricity while under the control of AXA IM Alts. With this transaction, Brookfield Infrastructure enters the European data center industry in a significant way for the first time.

HIGHLIGHTS

  • On behalf of its customers, AXA IM Alts sold Data4, one of Europe’s largest data center systems, to Brookfield Infrastructure.
  • Under the ownership of AXA IM Alts, Data4’s portfolio expanded to encompass 31 data centers spread across six nations with 850MW of secured electricity.
  • It is anticipated that the acquisition would greatly strengthen Brookfield’s worldwide data center platform.

On behalf of its clients, Brookfield Infrastructure has purchased Data4, one of Europe’s largest data center systems, from AXA IM Alts, a leader in alternative investments. Data4 was founded in 2006 and currently runs more than 30 data centers across France, Italy, Spain, Poland, and Luxembourg. The agreement’s terms weren’t made public.

Data4 grows under AXA IM Alts’ ownership.

The statement claims that AXA IM Alts fully bought Data4 in 2018 and collaborated closely with the management team to propel significant expansion of the data center platform. Data4’s portfolio expanded to encompass 31 data centers spread across six nations with 850MW of secured electricity while under the control of AXA IM Alts.

The company stated that “close coordination between Data4 management and AXA IM Alts’ on-the-ground real estate teams” allowed Data4 to enter several new markets in Europe.

The arrival of Brookfield into the European data center market

With this investment, Brookfield officially enters the lucrative European data center industry. The area is anticipated to grow significantly in the coming years, making it a desirable location for investment. In order to further expand the company’s presence across Europe, Brookfield will make use of its ecosystem to offer best-in-class greenfield development and renewable energy capabilities.

Brookfield’s global data centre platform

With blue-chip hyper-scale customers and a long-term inflation-linked contract, Data4’s business model generates steady, recurring revenues that complement Brookfield’s investment philosophy. Brookfield’s global data center platform, which already has a strong footprint in the Americas and Asia-Pacific, is anticipated to benefit greatly from the acquisition.

Jointly owned data center businesses include those in Latin America, India (BAM Digital Realty), and other regions by Brookfield Asset Management. Brookfield owns 50 data centers, 22,000 kilometers of fiber optic cable and backbone, 163,100 functioning telecom towers, and active rooftop sites, according to the website.

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Written by Shallu Srivastav

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