Charles Russell Speechlys advises the Zenium Group on the purchase of Stockley Park data centre
Charles Russell Speechlys has advised London based innovative solutions provider, Zenium Technology Partners, on its purchase of its second London-based Data Centre, within the thriving Stockley Park business estate.
Zenium Data Centres deliver state-of-the-art, purpose-built, secure, efficient and resilient data centre solutions for businesses in established and emerging markets. With a growing portfolio of data centre locations including London, Istanbul and Frankfurt, Zenium provides bespoke solutions for businesses seeking world-class facilities across the globe. Our data centres set the new Global standard – combining an unparalleled level of industry knowledge and mission-critical expertise with a commitment to innovation.
Branded London Two, the data centre offers a total of 7,135 sqm of technical space with Active/Active dual redundant power supplies of 22 MVA. Its range of locations makes it attractive to cloud providers looking for proven data centre partners in the UK.
Franek Sodzawiczny, Founder and CEO at Zenium stated:
"The ability to stay at the forefront of any sector is to be able to move quickly; responding effectively to business opportunities that arise. This is exactly what we have done here; we see the UK as an important market and will continue to build our data centre portfolio here as and when the right opportunities are identified."
"Charles Russell Speechlys' knowledge of the technology sector, and data centres in particular, enabled the team to fully understand the technical aspects of the transaction, and its significance to our business, whilst providing us with first class legal support. Their pragmatic and commercial approach to the complex issues involved ensured that the transaction successfully completed within a challenging timetable."
The Charles Russell Speechlys team was led by Partner Keir Gordon and Sarah Wigington, supported by Danny Sullivan, Susan Mitchell and Mark Bailey.
Speaking of the deal, Keir Gordon commented "We are delighted to have advised Zenium on its acquisition of the Stockley Park Data Centre and support its continued growth in the sector. The technology sector, and data centres in particular, is a key sector for the firm, where our strong knowledge of the market can support clients operating in this area."
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TMT Connect Newsletter - July 2019
Welcome to the latest edition of our TMT Connect Newsletter.
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