Pictet Alternative Advisors’ value-add real estate strategy and Brunswick Real Estate have entered into a partnership to focus on investing in and developing sustainable data centers across the Nordic region. The team will look to acquire existing properties as well as data center development opportunities, using Brunswick’s track record, local expertise and network of experts to add further value.
The Nordic region is the ideal location for data centers due to its natural cooling, low carbon energy mix and excellent connectivity. During the past decade, more than 200 data centers have been established, with a number of major international technology companies, including Facebook, Microsoft and Google, developing facilities in the region.
The platform has acquired Vanda 3 from Bonnier Fastigheter; senior financing for the acquisition was provided by Helaba. Vanda 3 is a 63,000-square-meter (678,000-square-foot) mixed-use property in Stockholm, which includes data c
