The past few years have seen a wide gap between public- and private-market net asset values.

There  has  always  been  a  fine  line  between  real  estate  and  infrastructure,   but  these  days,  it’s  looking  increasingly blurred.  Ask  most  commentators  about  this  shifting  boundary  and  the  message  is  broadly  the  same:  There  has  never  been  a  more   important  time  for  investors  to  scrutinise  the  two  asset  classes  and  weigh  up  their  respective  benefits  at  a  portfolio  level. 

Can data centres be considered a niche strategy anymore? If they can, it’s an increasingly-crowded nook for a property play. Large investors such as private equity managers, and even larger investors such as sovereign wealth funds, are admiring the way the sector looks as it matures.