GIC and MEAG pump €1.4bn into Vantage Data Centers

Singaporean wealth fund GIC and the asset manager of Munich Re Group, MEAG, have invested €1.4bn (£1.2bn) into data centre provider Vantage. The investment has been made into the US-based firm’s EMEA business. Vantage said the investment further expanded its investor base and capital sources and would enhance the company’s “ability to deliver high-quality, sustainable hyperscale data centre campuses for its customers”. The deal represents GIC’s first investment in the Vantage EMEA business and is an expansion of MEAG’s investment in Vantage’s EMEA platform. Vantage’s EMEA portfolio currently includes approximately 2.5GW of IT capacity that is operational or in development. Image © Panumas Nikhomkhai/Pexels