AEW has announced the acquisition of a fully let data centre asset in the Nuremberg metropolitan area, Germany. The acquisition was made on behalf of a strategy for French retail investors focusing on diversified investments in the German real estate market. It marks AEW’s first investment into the growing German data centre asset class.
Through this investment, AEW is capitalising on rising demand for data storage driven by trends such as automation, digitalisation, and AI. The asset, acquired from AVENTOS, is a powered-shell data centre covering 2,592 sqm. Its external structure provides access to power and fibre-optic connectivity, with a power capacity of 6.4 MVA, while the interior is tailored to meet the occupier’s technical and operational requirements. The data centre is fully let to an established global technology group under a long-term double-net lease agreement, and the layout allows for potential future capacity increases and the possibility of multi-tenant co-location in the event of lease expiry.
Strategically located in Nuremberg, the asset benefits from proximity to reliable fibre infrastructure connecting to both national and international networks. This transaction brings the fund’s total portfolio to €169.9 million in assets under management, comprising 59,118 sqm of space ideally located in key German markets across office, retail, logistics, and light industrial asset classes. It strengthens the fund’s sector diversification and aligns with the growing demand in European economies for digital services.
Antoine Barbier, Head of AEW Patrimoine, says: “The acquisition of a fully let, well-connected data centre marks a strategic entry for AEW Patrimoine into the German digital infrastructure market. With established data centre hubs such as Frankfurt experiencing increasing power constraints and limited land availability, Nuremberg is emerging as a compelling alternative, offering excellent connectivity and benefitting from a robust local economy.”
Matthieu Samaran, Investment Director Germany at AEW, adds: “This marks AEW’s first investment into this highly sought-after and growing asset class in the Bavarian region. The rising demand for data storage, coupled with a shortage of digital infrastructure supply, presents a timely opportunity to enter this dynamic sector. This core investment provides a strong covenant, long income visibility, and exposure to one of the most dynamic segments in real estate.”
Join our community of 200,000+ real estate leaders and get weekly insights and updates with our newsletter.
*Offer ends on Friday, 7th February.
