Invesco Real Estate has acquired its first data center asset in Europe, a 22,300-square-meter (240,000-square-foot) facility in Wissous, a few kilometers south of the Paris ring road. The acquisition has been made on behalf of one of Invesco’s long-standing separate accounts.
The site is being sold by ARGAN, the French leading real estate company specializing in the development and letting of prime logistical sites, warehouses and similar high-specification facilities for major companies. The firm has been listed on Euronext since 2007.
The facility, recently refurbished by ARGAN and CyrusOne, benefits from a long lease to CyrusOne, one of the largest data center operators in the world. The facility will ultimately deliver a total IT capacity of 27 megawatts across six data halls.
“This will be our first data center investment in Europe,” said Alexandre Rochet, director – investments, France, at Invesco Real Estate. “It combines long-term income with a
