Principal Asset Management has completed the acquisition of two detached data centers, totaling 7,570 square meters (81,482 square feet), on the Willsborough Industrial Estate of Dublin. The facilities are currently leased to Verizon Ireland and Vodafone Ireland.
This represents the firm’s fourth data center asset acquisition for its Principal European Data Centre Fund I, which focuses on pan-European manage-to-core data center assets. The fund currently owns assets in Spain, the United Kingdom, the Netherlands and Ireland.
In August, Principal Asset Management acquired a 24,755-square-meter (266,460-square-foot) logistics facility in Amsterdam leased to Switch Data Centers, marking its third data center fund acquisition.
“Adding two data centers in a strong microlocation in one of Europe’s Tier 1 markets to our growing portfolio furthers our aim