AXA Investment Managers – Real Assets (AXA IMRA), on behalf of its client AXA France, has acquired the remaining interest in the European data centre operator DATA4, increasing its ownership from 37% to 100%.
The 66% stake was acquired from funds managed by Colony Capital.
‘This strategic investment further expands our real assets business and immediately provides AXA IM - Real Assets with a meaningful exposure to the growing digital infrastructure sector and its attractive demand-driven potential,’ commented Isabelle Scemama, CEO of AXA IMRA.
DATA4 focuses on financing, designing, building and operating data centres. It provides a total of 27,100 m2 of net technical space and it manages 15 data centres across France, Italy and Luxembourg.
‘Having worked with DATA4 for the past six years, we have full confidence in its market-leading capabilities in the data centre management space, and believe that having our own operating platform will provide AXA IM - Real Assets with a competitive edge as we look to take advantage of its scalable potential,’ Scemama added.