ICG’s real estate division has purchased a £125 million ($133 million) portfolio of freehold digital infrastructure assets in Central London, leased to Vodafone UK.
The 260,000-square-foot portfolio consists of five data exchanges that provide connectivity for Vodafone’s customers, predominantly located within Zone One, the heart of Central London. In conjunction with the transaction, ICG Real Estate’s strategic real estate team also extended Vodafone’s existing leases for 25 years to 2048.
“Working in partnership with Vodafone, we engineered a solution which secured its long-term infrastructure whilst generating an immediate value uplift for our investors,” said Chris Nichols, head of strategic real estate. “This is a clear demonstration of our ability to provide both certainty of execution and a solution for corporate occupiers. We look forward to working with Vodafone to asset manage and enhance the existing portfolio whilst seeking to unlock addition