CBRE has acquired a Digital Realty-occupied data center in London, UK.
CoStar and Savills report that CBRE Investment Management has bought the freehold of Cloud House, at 1 Muirfield Crescent in London's Docklands, from Abrdn for £48.65 million ($61.48m).
According to Savills, Digital is contracted to lease the site until 2048 and is paying £2.86 million ($3.61m) in rent annually.
Digital Realty operates Cloud House as its LHR19 data center. The property spans 12,900 sqm (138,800 sq ft) across five floors.
The first phase of the data center launched in 2019.
The facility relies on cooling from the River Thames, drawing in water from the local Millwall inner dock.
Digital currently operates 13 data centers around London totaling 96,600 sqm (1 million sq ft).
