The funds will help launch a DC investment platform in Australia
Norton Rose Fulbright (NRF) has helped Australian data centre provider GreenSquareDC to secure a $1.2bn investment from global private markets firm Partners Group.
The funds will facilitate the launch of a DC investment platform in the country, with a Sydney-based brownfield data centre site serving as the seed asset. GreenSquareDC will own, develop and operate large-scale sustainable data centres across major cities in Australia.
According to NRF senior consultant Bryan Pointon, the investment “will be transformational to [GreenSquareDC’s] growth as a next-generation data centre provider in Australia”.
“Data centres are obviously a major focus for real estate and infrastructure investors in Australia right now. They are unique assets, with bespoke requirements unlike most other assets in the real estate sector – and we’ve seen, from the work Norton Rose Fulbright has done in this sector across the globe (including in the US, the UK and Europe), how these deals are done and how they’re structured”, co-lead partner Michael McKee said.
McKee (real estate) and Pointon (corporate) spearheaded the NRF team that advised GreenSquareDC on all aspects of the transaction. The team included partners Jeremy Wickens, Greg Reinhardt and Marshall Bromwich; special counsel Marcia Vlahovic; senior associates Igor Kungorov and Sophie Lim; and associate William Batt.
Berkeley Advisory served as lead advisors to GreenSquareDC. Clifford Chance’s Andrew Crook, Reuben van Werkum and Rebecca Elgar acted for Partners Group.
