London—Dentons has advised Fiera Real Estate UK and the Saudi based investment group, Sedco Capital, on the sale of their data centre in Bracknell, Greater London, to Singapore-listed Keppel DC REIT for £57m.

Purchased by Sedco in 2016, within a large 4.7-acre site on Longshot Lane, the c95,000 sq ft data centre comprises of Grade-A office space over the ground and first floors.

The site is currently let to a telecommunications company on a 30-year lease, with a further 17.6 years unexpired.

The sale was completed by Fiera Real Estate UK on behalf of Sedco Capital.

The Dentons team was led by Real Estate Partner, Alex Coulter, supported by Senior Associate Emma van Klaveren, Associate Chris Moore, and Finance Senior Associate James Ingham.

Alex said, "Data centres have become increasingly important since the pandemic. The real estate market for such centres has been particularly active during this period and we are very pleased to have assisted our clients on this strategic sale."

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