GIC and MEAG, the asset manager of Munich Re Group, will invest a combined €1.4 billion ($1.5 billion) into Vantage Data Centers’ Europe Middle East and Africa (EMEA) data center platform.
The transaction represents GIC’s first investment in the Vantage EMEA business and an expansion of MEAG’s investment in Vantage’s EMEA platform.
Vantage’s EMEA portfolio includes approximately 2.5GW of IT capacity that is operational or in development.
The transactions are expected to be finalized in first quarter 2025, subject to satisfaction of certain closing conditions, including the receipt of certain regulatory approvals.
