Real estate investor Westend Real Assets has acquired two data centers in Hamburg, northern Germany.

The two facilities – ‘Leuchtturm’, in the city’s Alsterdorf district, and ‘Rahlstedt’, in the district of the same name – are operated by Akquinet, an IT solutions provider headquartered in Hamburg.

The acquisitions formed part of a larger deal to buy Green Datahub (GDH), a property portfolio company owned by Deutsche Beteiligungs (DBAG), on behalf of Westend Real Assets’ property investment fund, HAL Digitale Infrastruktur Deutschland 1, reported CIJ.World. While the agreement’s financial details were not released, a spokesperson for the firm confirmed that both data centers were acquired for over €100 million ($111m).

“With Alsterdorf and Rahlstedt, we are acquiring two established sites with long-term leases that are already operational and offer scope for further growth,” a spokesperson for Westend Real Assets told DCD. “By acquiring the two Hamburg sites, we are capitalizing on current market opportunities in the regional colocation data center segment and strengthening the fund’s portfolio. In this way, we are successfully implementing our fund strategy and achieving our target performance.”

Leuchtturm and Rahlstedt were built in 2013 and 2024, respectively, as colo data centers. The former facility totals more than 19,375 sq ft (1,800 sqm) of IT space across eight system rooms, according to DataCenterMap, and was the first such colo project in Germany to be awarded the ‘Blue Angel’ environmental certification for energy efficiency. Rahlstedt, meanwhile, has 25,295 sq ft (2,350 sqm) of IT space and 12 system rooms housing 724 server cabinets.

Westend Real Assets is a subsidiary of Westend Bank and headquartered in Frankfurt. The firm manages an estimated €750 million ($835m) of assets. Westend Real Assets’ alternative investment fund, HAL Digitale Infrastruktur Deutschland 1, specifically invests in German colo data centers. DBAG is a private equity investor and manages approximately €2.8 billion ($3.1bn) in assets.

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