European investor and asset manager has made its first data centre investment in Amsterdam.
said it has paid 鈧�11.6m to buy a 7,450sqm data centre building in Amsterdam-West, which is currently let by a large international telecommunication company.
Jack Pearce, investment analyst at Avignon Capital said: 鈥淲e are pleased to have acquired this property at a time where supply for this kind of asset is limited but demand remains high in Amsterdam.
鈥淭his property benefits from a globally operating tenant, providing strong security of income. Coupled with the general backdrop being supportive of data centre assets, we anticipate that this will provide attractive income returns.鈥�
This story has been updated to say the data centre building in Amsterdam-West is currently let by a large international telecommunication company
