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

Anna Pálsdóttir: atNorth’s New Chief Development Officer

atNorth’s data centre portfolio expands with the arrival of Anna Kristín Pálsdóttir, international development expert, to lead continued growth strategy

NTT DATA Celebrates Earth Day with Sustainability Strategies

For Earth Day, NTT DATA has launched its new corporate sustainability strategy, with three pillars focused on Prosperity, Planet and People

Start-up Greensparc Brings Renewable Energy to Rural Areas

Computing start-up Greensparc and IT Service Hewlett Packard Enterprise are supporting Alaska, with 100% renewable energy powered data centres

Equinix and PGIM Real Estate aim to Upscale US Data Centres

Blackstone's Vision for Hyperscale Data Centre Campus

Maincubes Bolsters Leadership Team with Martin Murphy as COO