Knight Frank has promoted Alex Burgoyne to global head of data centre valuations.
Burgoyne, a partner in the firm’s valuations team, will take on an international remit and formally lead its valuations offer in the data centres sector. He has more than a decade of valuation experience and joined Knight Frank in 2013.
His new role will concentrate on expanding the firm’s EMEA and APAC data centre valuations services and will focus on providing valuation advice to operators, landowners, major institutional investment houses and real estate companies.
Burgoyne said: “The data centres market is growing exponentially and is one that our leading valuations team can strategically tap into. Becoming part of the rapidly growing data centres team is an exciting next step in my career at Knight Frank and I am looking forward to bringing my valuations experience to the sector and providing the firm’s global clients with a bolstered advisory offer.”
Stephen Beard, co-head of global data centres at Knight Frank, said: “This cements our strategy to provide our global client base with unrivalled commercial opportunities internationally combined with market-leading insight. Alex’s role will ensure we have valuation resources in all the major and emerging data centre markets and will be crucial in further building our global remit, working closely with our international occupier and capital markets teams.”
In the past 12 months the global team has undertaken 40 data centre transactions, including colocation acquisition, land acquisition and platform trades totalling a combined value of $2bn.
In recent years the data centre market has seen a significant increase in demand, with a record $34.9bn invested into the sector globally in 2020, while EMEA markets last year saw take-up rise by 11% year-on-year and a 19% increase in new supply.
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