LONDON – 28 June 2023
Global Technical Realty (GTR), a European build-to-suit data center developer, funded by KKR’s third global infrastructure fund, today announced that GB One, its 40.5MW data center development in the UK, is now fully leased on a long-term basis. The company has also welcomed Sue Asprey Price to the GTR board as Non-Executive Director.
The client has secured the campus in its entirety, with the first phase of the development due to be completed in Spring 2024. All three GB One data centers are scheduled for final delivery in early 2025. Each facility will provide 5373 sqm of net technical space and a 13.5MW IT load.
The successful occupancy of the entire development reflects ongoing levels of high demand within the data center market, which is projected to reach 235 billion Euros by 2026, according to Clifford Chance’s 2023 Trends. Overall market growth is being driven by several factors, including accelerated developments in data intensive technologies, such as machine learning.
At this time of increased market momentum for GTR, the leadership team also welcomes Sue Asprey Price as a Non-Executive Director. Sue is a senior executive at JLL where she serves as the CEO of Work Dynamics in EMEA. She brings a wealth of knowledge in transformational projects, organisational design, real estate strategy and change management to GTR from her vast experience working with recognised global corporations.
“I’ve been in the data center sector for over 30 years, and yet the industry still inspires me as it moves and shifts at such an exciting pace,” said Franek Sodzawiczny, Founder and CEO at Global Technical Realty. “Sue joining our board is a fantastic endorsement of the potential that I know GTR has to make both an immediate, and lasting, impact in this space. The ongoing demand for high quality space against a backdrop of capacity challenges is now garnering significant interest beyond traditional customer communities. Investors of all types are also paying a lot more attention – growth capital and real estate, but also those with infrastructure portfolios. Collaboration, however, is the critical success factor for ensuring future success – whether in funding, design, construction, or operation. I’m excited for what’s coming.”
“Today’s news marks an important milestone for GTR. In addition to securing a significant win in the competitive global data center market, GTR is attracting top talent with Sue’s appointment to the board,” said Waldemar Szlezak, Partner, Infrastructure at KKR. “As the demand for third-party data center provision continues to grow, GTR is well-positioned to seize new opportunities and continue to expand its market footprint.”
“I am delighted to be joining the Board of GTR,” commented Sue Asprey Price. “It is exciting to be working with such an innovative and agile organisation that is focused on sustainable client outcomes.”
GB One is being developed by GTR in parallel to its facility in Tel Aviv, Israel – IS One.