This article originally appeared on the Property Week website: https://www.propertyweek.com/industrial/trinity-house-and-apam-acquire-west-london-data-centre/5101644.article
Singapore investor Trinity House Investments and asset manager Catella APAM have acquired a 106,000 sq ft data centre in west London out of receivership.
APAM said it has identified a range of asset management initiatives to drive value in the near and medium term, including a refurbishment programme to grade A standard to capitalise on the growing demand and limited supply for space in this sector.
Kay Beng QUAH, founder and managing director of Trinity House Investments, said the company was looking at “further acquisitions in this sector”.
Alan Harris, head of asset management at APAM, added: “This is a prime example of APAM’s ability to identify opportunities for value on behalf of our clients. We recognised the potential of an asset that benefits both from excellent proximity to connectivity whilst having significant power capacity, and the opportunity to immediately add value through investment given the distressed nature of the structure.
“This marks our first acquisition of a data centre, but we are interested in the sector with the potential for growth in demand for data capacity.”
APAM/Trinity House Investments were represented by Katten Muchin Rosenman as solicitor.