Principal acquires data centre in Düsseldorf

Principal Asset Management has acquired Connecta Park, a data centre complex located in Düsseldorf, Germany's Rhine-Ruhr region.

Dusseldorf data centre

This 36,429 m2 complex boasts robust fibre connectivity to major European hubs, including the Nordics, Amsterdam, Berlin, and Frankfurt. It houses prominent internet exchanges, such as DE-CIX and ECIX (Megaport), and is leased to a diverse group of tenants, including Digital Realty, Colt, and Vodafone.
Connecta Park marks the sixth acquisition for the Principal European Data Centre Fund I. This fund, which focuses on managing-to-core data centre assets, raised €297 mln from 14 investors and is now closed to new investments. Previous acquisitions for the fund include holdings in Barcelona, the UK, Amsterdam, Dublin, and Frankfurt.
Paul Lewis, managing director of European Data Centres at Principal Asset Management, said: “The acquisition of this key data centre hub in Düsseldorf marks a strategic addition to Principal European Data Centre Fund I, further strengthening our presence in key European digital infrastructure markets. North Rhine-Westphalia is experiencing increased demand from hyperscalers, and this asset, offering access to a broad range of fibre networks and strong connectivity to the Nordics, Amsterdam, Berlin and Frankfurt, is well positioned to benefit from that trend. With a high-quality tenant mix and significant technical capability, we believe this asset will continue to attract strong occupier interest as demand accelerates.”