Frankfurt-based Westend Real Assets has acquired two colocation data centers in Hamburg, according to DCD. The sites, Leuchtturm in the Alsterdorf district and Rahlstedt in the district of the same name, are operated by Hamburg-headquartered IT solutions provider Akquinet.
The purchase was part of a wider transaction. Westend bought Green Datahub (GDH), a property portfolio company owned by private equity firm Deutsche Beteiligungs (DBAG), on behalf of its fund HAL Digitale Infrastruktur Deutschland 1. The deal was first reported by CIJ.World. Financial terms were not published, but a Westend spokesperson confirmed that the two data centers were acquired for more than €100 million ($111m).
The spokesperson described the assets as established, operational sites with long-term leases that still offer room for growth. The firm also framed the purchase as a way to use current opportunities in regional colocation and as evidence that the fund is meeting its target performance.
Leuchtturm was built in 2013 and Rahlstedt in 2024, both as colocation facilities. Citing DataCenterMap, DCD says Leuchtturm offers more than 1,800 sqm (19,375 sq ft) of IT space across eight system rooms. It was reportedly the first colo project in Germany to receive the Blue Angel environmental certification for energy efficiency.
Rahlstedt is larger on paper, with 2,350 sqm (25,295 sq ft) of IT space and 12 system rooms housing 724 server cabinets.
Westend Real Assets is a subsidiary of Westend Bank and manages an estimated €750 million ($835m) in assets. The HAL fund invests specifically in German colocation data centers. The seller side, DBAG, is a private equity investor with roughly €2.8 billion ($3.1bn) under management.
Why it matters: The deal shows a specialist real estate fund putting more than €100 million into leased, operating regional colo capacity rather than new development. The disclosed details do not cover pricing per megawatt, lease terms or tenant arrangements beyond the long-term leases mentioned, so the valuation logic remains hard to judge from public information.
TwinStack automated analysis, based on reporting by DCD. Check the original for full details.