Large-scale investment venture led by asset manager L&G, aiming to inject billions into Europe's data centre infrastructure.
British Asset Manager Boosts Digital Infrastructure Investments
Frankfurt
Europe is witnessing increased investment in digital infrastructure, with significant contributions coming from major private markets investors. One such player is British asset management giant L&G (formerly Legal & General Investment Management). The firm plans to significantly ramp up its investments in this area, aiming to increase its commitments from €400 million to €4 billion over the next few years.
Matteo Colombo, Managing Director for Digital Infrastructure Investing at L&G Asset Management, announced this in an interview with the Börsen-Zeitung. The investment will concentrate on vital components of digital infrastructure such as data centers, cell towers, and fiber optics.
To execute this strategy, L&G will leverage its own balance sheet to invest directly in these assets, while also forming partnerships with specialist developers such as Kao Data, which is building a major new facility in Manchester and planning a hyperscale data center in London.
This growth forms part of a broader strategy to strengthen Europe’s digital backbone, aiming to reduce the continent’s dependence on US-based digital platforms and services, increase local employment opportunities, foster innovation, and improve resilience against disruptions and data security in European jurisdictions.
In summary, L&G's expanded investments in digital infrastructure are poised to make a substantial impact on Europe's digital independence, increasing the availability, security, and resilience of critical digital assets while also supporting local economies and innovation.
- L&G, the British asset management giant, aims to boost its investments in digital infrastructure,with a commitment to increase from €400 million to €4 billion, focusing on crucial components like data centers, cell towers, and fiber optics.
- To bolster their digital infrastructure strategy, L&G plans to leverage their balance sheet to invest directly in assets and form partnerships with specialists, such as Kao Data, building facilities in Manchester and London.
