Azrieli moves into UK data centre market, with £52m purchase

As its first expansion in the UK market, Azrieli has announced the purchase of a data centre operator in London (currently unnamed), for £52 million

Azrieli announced that it has purchased an unnamed data centre operator in London, marking its first investment in the UK data centre market. The data centre was purchased by the Israeli real estate giant for £52 million.

Alongside the purchase of the data centre itself, Azrieli has also purchased land adjacent to the site; enabling the company to expand the original premises in the future. 

This is the first expansion into the UK data centre market for Azrieli, which already has a well-established presence in the Middle East, America, Norway and North America. 

This announcement comes after Azrieli’s 2021 purchase of Green Mountain data centres, for around $822 million.

“Our vision is to continue developing gradually into several more international markets, and London is the ideal location from which to continue developing our data centre platform,” commented Danna Azrieli, the Chairperson of the Board of Directors of the Azrieli Group. 

About Azrieli

The Azrieli Group, one of the largest real estate companies in Israel, invests in the building, development and management of data centres, hotels, retail outlets and offices, amongst other property types. 

While the majority of its property portfolio is located in Israel, the company is rapidly expanding into other global markets. 

Currently, Azrieli’s data centre operations represent 12% of the group's total business.

Photograph: Green Mountain data centres


Featured Articles

The data centre powering Barcelona’s most iconic attraction

Data Centre Magazine spoke to the CIO of the Sagrada Familia about the services, tools and opportunities that its on-prem data unlocked for the church

Europe’s colocation data centre market set to reach $11.8bn

According to new Arizton research, the European data centre market was valued at $5 billion in 2021, but is set to increase by 50% in just six years

DigitalBridge acquires Malaysian data centre firm AIMS DC

DigitalBridge has announced the acquisition of an ownership stake in the data centre company AIMS DC, after confirming an agreed sale with Time dotCom

Snowflake announces UK Microsoft Azure general availability

Micron invests in IoT security, to meet cybersecurity needs

Despite record revenues, Cisco announces layoff plans