Legal & General announce investment in £230m Kao Data Campus

Funding | Property & Construction | South East | Technology

Legal & General Capital has announced that it has invested in The Kao Data Campus, a state-of-the-art £230m data centre development servicing the London to Cambridge corridor.

Kao was named in honour of Nobel Prize winning physicist Sir Charles Kao, who pioneered the use of fibre optics at the site of Kao’s first data campus development.

In recent years, there has been an exponential increase in data creation and cloud computing, leading to a shift in storage from in-house data centre infrastructure to third party providers.

Focussed on driving the necessary technology and infrastructure developments to meet this rising demand, Legal & General has partnered with existing investors in Kao, Goldacre Noé Group.

Goldacre is the technology investment arm of Noé Group’s international asset management and investment business. This investment demonstrates a commitment from Legal & General to deliver the digital infratructure required for Future Cities, and marks the first step of an ambitious partnership with Goldacre to drive the strategic expansion and accelerated growth of the UK data industry.

From its first 35.2MW data campus in the London to Cambridge corridor, Kao serves hyperscalers and enterprise customers across the largest data centre market and technology cluster in Europe. Kao’s business model leverages best-in-class design to achieve market leading efficiency, strong resilience and excellent connectivity, whilst also retaining flexibility for customer specification requirements.

Kao’s location will provide a hub for connectivity routes from Dublin to Amsterdam.  This substantial investment from Legal & General will allow Kao to capitalise on emerging opportunities both in terms of industry and geography.

Kerrigan Procter, CEO of Legal & General Capital said: “With a focus on creating thriving cities, Legal & General looks to make investments that are focused on creating sustainable communities with good employment opportunities, high quality and varied housing in a digitally-connected and clean environment.  We believe that data centres are an integral part of a city’s digital transformation, enabling connections to a broader digital infrastructure and offering synergies across our wider Future Cities investment strategy.

“Following the Bruntwood SciTech partnership in 2018, the largest investment made in science and technology property assets in Europe last year, Legal & General is pleased to have invested in another real world asset that can bring value now and in the future.”

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