Areim has completed an additional capital raise of €450 million ($489 million) for its Nordic data center fund, Areim DC Fund, bringing the total amount raised to €900 million ($978 million).
The capital raise was significantly oversubscribed and added both Nordic and international institutional capital, further diversifying the investor base.
The capital will be used to continue expanding EcoDataCenter, a Swedish provider of sustainable and secure data center solutions, owned by Areim.
“The continuous strong support we have received from both existing and new investors is a testament to the strategy of our dedicated data center fund,” said Henrik Brinck Landelius, CEO of Areim. “The substantial interest in the Areim DC Fund and EcoDataCenter underlines the demand and attractiveness of the Nordic market for data centers. There is a lot of activity in this space, and the additional investments are important for growing the platform further.”
