Belgian data center company KevlinX receives investment from Macquarie

Macquarie has made an investment in a Belgian data center developer. Allen & Overy announced this week that it advised Macquarie Capital on its investment in KevlinX Holding B.V. Allen & Overy reported that KevlinX HoldCo is creating a data center in Brussels via its indirect subsidiary KevlinX Belgium BV (KevlinX AssetCo) and that KevlinX HoldCo will be "used as a platform for future data center developments across Europe." The terms of the transaction were not disclosed.

The European Commission has granted approval for the acquisition of KevlinX by Macquarie Asset Holdings and Participatiemaatschappij Vlaanderen (PMV), a wholly-owned investment corporation of the Flemish Region. The joint venture will "initially" be involved in the design, construction, engineering, and operation of a data center in Brussels, Belgium, according to the corporations.

As per KevlinX's website, the company is developing a 68MW Tier III data center in the Belgian capital on a 538,195 square-foot plot. The facility will have a PUE of 1.2, six fiber entrances, and more than 1,000 square meters of office and disaster recovery space.

No information regarding project timelines has been provided. Prior announcements indicated a Q4 2021 launch date. The company's website also includes information about planned future developments in Madrid, Spain, and Vienna, Austria. There are no additional details available regarding these undertakings.