Principal Asset Management has acquired a key data center complex in the Rhine-Ruhr region of Germany.
The 36,429-square-meter (392,119-square-foot) complex, known as Connecta Park, is located in Düsseldorf and let to a number of tenants, including Digital Realty, Colt, Pluserver, Comtrance, 1 & 1 Versatel, Telia, Vodafone and Zayo. It benefits from excellent fiber connectivity for the Nordics, Amsterdam, Berlin and Frankfurt and is home to the DE-CIX and ECIX (Megaport) internet exchanges.
Connecta Park is the sixth asset to be acquired for Principal European Data Centre Fund I, which raised €297 million ($339 million) from 14 investors and is now closed to new investors. The fund is focused on manage-to-core data center assets and has acquired five assets in Barcelona, the United Kingdom, Amsterdam, Dublin and Frankfurt.
Paul Lewis, managing director European data centers at Principal Asset Management, said, “The acquisition of this key data center hu
