Yet another new player enters the Nordic data center market

The North American Pictet Alternative Advisors and Nordics based Brunswick Real Estate (Denmark, Finland & Sweden) are forming a partnership to build sustainable data centers across the Nordics. The partnership acquiered 'Vanda 3', a 63,000 sqm asset in Stockholm, a mixed-use property in Stockholm, which includes five of a total of six Interxion data centers. 

Interxion recently opened a new data center, STO6, next to Vanda 3. Vanda 3 is well positioned in the northern suburbs of Stockholm and offers a number of development opportunities to add further value. With tenants operating in power intense sectors, Vanda 3 benefits from excess heat recovery and distribution to the district heating system of Stockholm, thus reducing the carbon footprint. The property was acquired from Bonnier Fastigheter. Senior financing for the acquisition was provided by Helaba.

New projects and aquirering existing ones

The partnership will look to acquire existing properties as well as data center development opportunities, utilising Brunswick’s track record, local expertise and network of experts to add further value. Patrik Andersson, Partner and CEO, Brunswick Real Estate, commented: “The establishment of the partnership with Pictet provides an unparalleled opportunity for Brunswick to use its local expertise in a nuanced market to deliver strong returns. Our active approach to managing assets through development and measurable sustainability improvements is also in line with Pictet’s value-add strategy. We look forward to working with the team as we continue to look for further acquisition and development opportunities across the Nordics.”