Lincoln Rackhouse, Sprott Korea Investment Acquire London Data Center
The transaction is a partial sale-leaseback
DALLAS — In its first venture outside the U.S., Lincoln Rackhouse, the data center division of Lincoln Property Co., partnered with Sprott Korea Investment on the acquisition of a 145,000-square-foot facility in London's data center submarket of Camberley.
The transaction is a partial sale-leaseback with a Fortune 100 financial institution, which has signed a long-term lease for approximately 50% of the facility. Lincoln Rackhouse will lease the remaining space and capacity to enterprise users or a data center operator.