29 December 2021
Digital 9, the UK-based infrastructure investment company, has bought SeaEdge UK1, a data centre asset and subsea fibre landing station for £15m.
Located in Newcastle, SeaEdge UK1 is on what Digital 9 (D9) calls “the UK’s largest data centre campus”.
It is occupied and operated by Stellium Data Centers, via a 25-year occupational lease, with over 24 years remaining.
“Data centres form a key part of the digital infrastructure backbone," said Thor Johnsen, head of digital infrastructure at Triple Point, which manages investments for Digital 9. "We are pleased to support the Stellium operations through our ownership of the SeaEdge UK1 asset."
D9 said that the rent it receives under the lease “will deliver an attractive yield”. It is “subject to annual, upward-only inflation-linked rent reviews”.
The data centre hosts several Tier 1 carriers and a leading technology company, it added.