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

Share

Featured Articles

AI and Quantum Computing to Drive Data Centre Power

With National Grid’s Group CEO predicting data centre power usage to increase six-fold in the next decade, we examine the role of AI and quantum computing

Data Centre Veteran Guy Willner joins Apto as Senior Advisor

Apto announces the appointment of Guy Willner as Senior Advisor, hoping to strengthen its standing in across the European hyperscale data centre market

JLL: Secondary Markets Will Drive 2024 Data Centre Growth

A new data centre report by JLL finds that data centre demand is shifting focus to new markets, as demand for data centre space and capacity continues

The Future of Low Carbon Heat with Mitsubishi Electric

How Google Continues to Power Carbon-Free Energy in Arizona

Schneider Electric & NVIDIA to Deliver Robust Data Centre AI