DCD Data Center Developers and Angelo Gordon Launch Green Data Center Platform DATA CASTLE
June 26, 2022
New Data Center Joint Venture to Target Opportunities Across Germany
Munich – June 26, 2022 – Data center development management company DCD Data Center Developers and global alternative investment firm Angelo Gordon are pleased to announce the launch of DATA CASTLE, a new joint venture focused on developing and operating data center assets in Germany.
In an effort to build an industry-leading green data center platform utilizing cutting- edge security solutions, DATA CASTLE – led by European data center expert and CEO of DCD Data Center Developers Dr. Christopher Stief – will target greenfield and brownfield development opportunities as well as existing data center assets in prime locations across Germany.
Marcel Hertig, Director, Europe Real Estate at Angelo Gordon, said: “Data centers are essential in today’s world, and demand for modern, sustainable facilities has only continued to grow. We believe the opportunity set in this sector remains robust and look forward to working with the DCD team to execute on that – leveraging their wealth of industry expertise and Angelo Gordon’s deep value-add real estate experience to identify well-located properties in Germany and transform them into best-in-class green data centers.”
Dr. Christopher Stief added: “With the increasing demand for colocation and cloud solutions in Europe, we believe this is an ideal time to launch an innovative, new green data center platform, and we are confident that Angelo Gordon is the right partner for this endeavor. With a highly experienced team, disruptive business model, and strong customer network, DATA CASTLE is well positioned to become a predominant player in the heart of Europe’s data center market.”
REIUS Rechtsanwälte Partnerschaft mbB and Ernst & Young GmbH acted as advisors to Angelo Gordon and DCD Data Center Developers on the joint venture.
About DCD Data Center Developers
DCD Data Center Developers is a highly specialized data center development management firm with focus on large colocation and hyperscale data center projects across Europe. The Munich based boutique developer is an affiliated firm of DCA Data Center Advisors and together, the companies cover the entire lifecycle of data center investments: from identifying appropriate sites to fully leased and operated turnkey- ready facilities.
About Angelo, Gordon & Co., L.P.
Angelo, Gordon & Co., L.P. (“Angelo Gordon”) is a privately held alternative investment firm founded in November 1988. The firm currently manages approximately $50 billion with a primary focus on credit and real estate strategies. Angelo Gordon has over 600 employees, including more than 200 investment professionals, and is headquartered in New York, with associated offices elsewhere in the U.S., Europe, and Asia. For more information, visit www.angelogordon.com.