The proposals for the site involve the development of a 700,000 sq ft 140MW data centre, as well as the full refurbishment of the Grade II listed Iver Court Farmhouse building.
PATRIZIA has agreed the conditional sale of the site to clients of Affinius Capital – a global integrated institutional real estate investment firm. It is anticipated that the project will be developed by Corscale – a hyperscale data centre developer that specialises in developing energy-efficient, sustainable data centres.
The project reflects PATRIZIA’s commitment to delivering on its new mid-term strategy to become a EUR 100bn real assets investment manager by 2030, as part of which ‘RE-Infra’ – assets that blend real estate and infrastructure, like data centres – has been identified as one of the five key growth areas to catalyse this growth.
