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Principal RE Buys a Data Centre in Barcelona and Completes its Second Round of Financing

The asset is leased to Atlas Edge, one of Europe's largest data centre providers, until August 2033.


Principal Real Estate, the real estate investment team from Principal Global Investors®, has closed the purchase of the first asset for its Principal European Data Centre Fund I (the Fund) and, in addition, has announced that it has completed the second round of financing, bringing its total capital raised to 205 million euros.

A 6-megavolt ampere (MVA) data centre in Barcelona spanning an area of 10,502 square metres represents the Fund’s first purchase; it was acquired for 22.6 million euros. On this occasion, Savills represented the vendor.

Read the full article in Spanish.


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