In its first venture outside the United States, Lincoln Rackhouse, the data center division of Lincoln Property Co., has partnered with Sprott Korea Investment on the acquisition of a 145,000-square-foot data center in London's data center submarket of Camberley, England.
The data center transaction is a partial sale-leaseback with a Fortune 100 financial institution, which has signed a long-term lease for approximately 50 percent of the facility. Lincoln Rackhouse will lease the remaining space and capacity to enterprise users or a data center operator.
The London Data center market is one of the most vital digital infrastructure hubs in the global data center landscape. In terms of operational supply, London is second only to Northern Virginia.
Data center demand is high among Korean institutional investors and operating companies. And it is rapidly increasing due to the expansion of IoT and cloud services.
Despite current hyperscale demand, the high-co
