Azrieli Group is buying an unnamed London data center operator for 52 million pounds ($64 million), the Israeli real estate developer said on Sunday. Azrieli said the deal is the next step in its expansion in the data center sector, noting London is the world's second-largest data center market.
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The company noted that its data center operations account for 12% of the group's business. Azrieli last year bought Norway's Green Mountain AS, which operates server farms, for 7.6 billion Krone ($822 million).
One of Israel's largest mall operators, Azrieli also said it was buying an adjacent plot of land and that both plots present future development and construction potential.
"Our vision is to continue developing gradually into several more international markets, and London is the ideal location from which to continue developing our data center platform," said Azrieli Chairwoman Danna Azrieli.
