PGIM has sold a German data center development site near Munich to a European infrastructure investor.
Initially acquired by PGIM’s closed-end value-add fund European Value Partners II in 2024, the 30-megavolt ampere development in Greater Munich (Unterschleissheim) now comes with a building permit targeting a power usage effectiveness of 1.2 and regulatory approvals according to the Federal Immission Control Act.
“The sale of this Munich site crystallizes the value created through securing planning consent and grid connection,” said Nabil Mabed, head of value-add Europe, real estate at PGIM. “This deal also underscores our expertise in identifying the right properties in metropolitan areas and transforming them into data-center-ready developments — adding value for our investors, regional businesses and end-users.”
