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Cromwell Property Group and Cromwell European REIT partner with EXS and Stratus for new data center property platform
Investors - JULY 13, 2020

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Cromwell Property Group and Cromwell European REIT partner with EXS and Stratus for new data center property platform

by Andrea Zander

Cromwell Property Group has entered into a strategic partnership with Stratus Data Centers, a member of the EXS Capital Group (EXS), to invest in and manage the rollout of a data center property platform across Europe and Asia Pacific through the new Stratus Cromwell Data Centre Fund (SCDC Fund).

This highly complementary partnership will combine the data center sector specialization of Stratus, who will be responsible for project development, leasing, design and construction, with the Asian network of EXS and Cromwell’s capital, funds management and real estate investment experience.

Cromwell will be a cornerstone investor in the SCDC Fund, which is targeting an eventual gross asset value of more than $1 billion, with 25 percent of the portfolio already identified by the first two strategic sites under exclusivity. Cromwell will also source investment funding and subsequently provide joint fund management and asset management services upon the completion of each pr

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