DLA Piper advises Green Mountain on acquisition of London data centre
DLA Piper has advised Azrieli Group Limited (Azrieli) and Norwegian-based Green Mountain AS (Green Mountain), a leader in sustainable colocation data centres, on the GBP52 million acquisition of an established data centre and available adjacent land in Romford, London. The purchase represents Green Mountain’s entry into the UK market.
The acquisition, which aligns with Green Mountain’s stated plans to expand into the UK, will also see the site upgraded and re-branded as it becomes part of Green Mountain’s operations. Azrieli Group Ltd, Green Mountain’s owner, and the seller signed a Share Purchase Agreement for the acquisition of the properties owned by Infinity Data Centre. The campus includes an existing data centre with significant expansion potential and available land for further development, and is located less than 10 miles from the major financial centres of the City of London and Docklands. With the use of secured green power, it is capable of supporting up to 40MW of IT load and already has several strong UK enterprises as core tenants. The site is already supported by 100% renewable energy, with significant potential to implement Green Mountain’s vision of “Setting the Green Standard”. Completion of the acquisition is expected to take place before the end of the year.
Paul Jayson, Real Estate Partner at DLA Piper, comments: “We are pleased to have advised Azrieli Group and Green Mountain on this exciting and strategic purchase. Data centres continue to attract significant interest as an asset class and this acquisition brings Green Mountain to the doorstep of London’s city economy, from which it can continue to expand its offer of sustainable data center solution.”
The DLA Piper team, led by London-based partners Martin Nelson-Jones (Corporate) and Paul Jayson (Real Estate), included partners Alanna Hasek (Real Estate) and Anthony Day (Intellectual Property and Technology); supported by senior associate Shahanaz Hussain (Real Estate) and associate Julian Bajada (Corporate).
DLA Piper previously advised Azrieli on the purchase of Green Mountain.