Securus Data Property Fund has completed the acquisition of a 100%-stake in a data centre in London, United Kingdom (GV7). Securus Fund is jointly managed by Keppel Data Centre Investment Management Pte. Ltd, a wholly-owned subsidiary of Keppel Telecommunications & Transportation and AEP Investment Management.
The third asset in Securus Fund's portfolio, GV7 is strategically located south of the Canary Wharf, East London. Developed by Eurohub, an independent developer of data centres in UK, the high quality data centre currently enjoys 100% occupancy and has a long-term lease agreement with a blue chip multinational company in the IT industry.
Bruno Lopez, Executive Director of Keppel DCIM and Co-Fund Manager of Securus Fund, said, "This acquisition is an exciting development for the Fund. GV7 is a high quality asset with secured power sources and connectivity to all the major carriers. Its acquisition is in line with the Fund's strategy to acquire high quality data centres in its target markets.
The GV7 data centre is designed to deliver 1500 watts per square metre of IT power to serve the high power density requirements of customers. The data centre also ensures continuous operations with round the clock manned security and monitoring as well as redundancy of all critical power elements.
Last year, Securus Fund made its maiden acquisition of a 70%-stake in iseek Data Centre, located at Brisbane Export Park, Australia, from iseek Communications Pty Ltd. In the same year, in a joint venture with Keppel T&T, it acquired a data centre in Gore Hill, Sydney, Australia.