UK Investment Firm Matterhorn Capital Drops $412M to Develop Two UK Data Center Sites
UK capital investment firm Matterhorn Capital announced on Tuesday that its data center division, Matterhorn Capital Data Centres, has invested $412 million to develop two data center sites in South East England.
According to the press release, the sites will house over 180,000 square feet of data center space. The sites are in Bury Green, Hertfordshire, and Chesham, Buckingham. MCDC says its Chesham site is the only site with onsite power, however Bury Green is currently in negotiations with a power provider. DatacenterDynamics reports that both sites are within 30 miles of central London.
In March, UK colocation provider UKGrid announced expansions to its Synergy House data center in Manchester, UK.
Despite the recent shutdowns of 39 data centers by the federal government in the US, MCDC is optimistic about data center development in the UK. MCDC says its two new sites represent the first major investment of new data center construction for the wholesale market in the London area during the last eighteen months.
“Matterhorn’s financial strength and property experience, combined with our sector knowledge, bolster our position as a strong UK player in the data center market,” John Lennon of MCDC said in a statement. “Our investment in premium site locations, with state of the art resources, enables us to offer superior facilities in secure locations to a growing market.”