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They will be 225 hectares in total size located in Ireland, Spain, Italy, and Denmark
[SINGAPORE] Stoneweg European Business Trust announced on Tuesday (Jun 24) that it has made a 50 million euros (S$74.4 million) investment in the Stoneweg Icona data-centre fund.
The data centre portfolio comprises interests in four early-stage data centre development sites of 225 hectares in total size located in Ireland, Spain, Italy, and Denmark. These sites possess a secured 1,116 megawatt (MW) of power, with very good visibility for an additional 563 MW, for a total 1,679 MW.
The current estimated gross development value over the next 15 years is 29.5 billion euros at current market values for the 100 per cent interest in all four projects, according to valuer JLL.
The assets are projected to reach a gross development value of 29.5 billion euros over 15 years, to position the platform to become Europe’s largest data centre operator by power capacity.
The stake of the trust in the fund is expected to range from four to eight per cent depending on the final quantum of investment made by the other investors.
The counter ended flat at 1.52 euros on Monday.
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