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.
