This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here

Tracking global change in IT Infrastructure
  • Datacloud Nordic 2016
  • Datacloud Nordic 2016

News Archive

Timico agrees sale and leaseback on Newark data centre

DTZ, part of UGL Services, has successfully completed a sale and leaseback deal on a multi-million pound Data Centre in Newark on Trent on behalf of communications service provider, Timico. Sudervest, a Reuben Brothers company, has purchased the freehold interest in the Data Centre for £5.1million. The purchase price reflects a net initial yield of 8%.

DTZ’s investment team in Birmingham and Nottingham acted on behalf of Timico Limted, which took a 25 year leaseback on the property, whilst GVA in Birmingham represented Sudervest, managed by Motcomb Estates Ltd.  

Located on Brunel Business Park, less than two miles from Newark town centre, the 16,000 sq ft data centre and office building officially opened in January 2012 and is adjacent to Timico’s headquarters. The property is a Tier 3 data centre facility and forms the first phase of Timico’s strategy to build the most advanced data centre in the Midlands. It currently has enough capacity to store a high resolution digital image of everyone on the planet.

Data Center Luxembourg

Datacloud Nordic 2016

Get the latest Datacentre industry news

Subscribe now to receive your daily news email with insights, worldwide headlines & much more, and it's FREE.

Sign-up today and receive a free detailed overview of the acclaimed "Western Europe Data Centre Market" Report plus unique 25% discount off the full price.