Legal & General Capital’s Kao Data becomes a multi-site data center platform with new West London acquisition
Legal and general capital Kao Data, a data center company, announces the acquisition of two prime west London sites in Slough, expanding the business to become a multi-site platform. Kao Data is a specialist developer and operator of high-performance data centers for enterprise, cloud, high-performance computing and AI. Kao Data serves a strong and diverse existing customer base on their mission-critical workloads in key industries, including financial services, life sciences, defense, artificial intelligence, and cloud, among others.
The sites extend Kao Data’s available capacity across London to around 55MW, all powered by 100% renewable energy. Benefiting from emergency generators powered by hydrotreated vegetable oil (HVO), fossil fuels are totally evacuated. Kao Data has entered into a long-term lease on part of the sites with a major financial institution,
The acquisition follows a number of exciting growth milestones for Kao Data, including securing an investment at an accretive valuation at the end of last calendar year of the multi-billion HRL Morrison infrastructure fund Infratil. . Today’s announcement marks the first acquisition following Infratil’s £130m investment, delivering ambitions to expand the ultra-sustainable data center business of market leader Kao Data , into a globally significant data center platform.
Matteo Colombo, Director of Strategic Capital Investment at L&G Capital, said“We are delighted to have played our part as L&G in helping Kao Data secure this acquisition. Having short termcapacity available in the researchThe West London region means Kao Data can meet the data needs of ever more customers, while providing the essential infrastructure for today’s and tomorrow’s society. Legal & General continues to recognize the importance of supporting this growth in data capacity, while ensuring that investments are as sustainable and economically attractive as possible, such as through these latest programs which are 100% funded by renewable energies. »
Lee Myall, CEO of Kao Data, said: “The launch of our new Slough data center offers data-intensive businesses in the highly sought-after West London Availability Zone the opportunity to benefit from significant new capacity, as well as the benefit of working with Kao Data’s award-winning sustainable infrastructure and teams of technical and operational experts. With this move, we are delighted to strengthen our data center footprint across the UK and establish ourselves within the second largest data center hub in the world. Kao Data has experienced phenomenal growth over the past twelve months and the launch of our Slough facility is the next step in our continued development.”
Senior Communications Manager, Legal and General Capital 07946514627
Legal and General Insurance Company Limited. Registered in England and Wales No. 00166055. Registered office: One Coleman Street, London EC2R 5AA. We are authorized by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
Notes to Editors
About Kao Data
Founded in 2014, Kao Data develops and operates high-performance data centers for advanced computing. With hyperscale-inspired facilities in East and West London, we offer enterprise, cloud, HPC and AI customers a world-class home for their compute.
Designed, engineered and operated by one of the most respected teams in the industry, our neutral data centers deliver the highest quality OCP-Ready and DGX-Ready environments. We are the UK’s headquarters for the most demanding IT infrastructure, with our east London facility in Harlow housing NVIDIA’s Cambridge-1, the UK’s most powerful supercomputer. This is complemented by state-of-the-art facilities in West London, which combined provide a data center footprint of 55MW, all powered by 100% renewable energy.
Backed by leading international investors, Kao Data is one of the UK’s most pioneering data center developers and operators. We support our customers’ mission-critical workloads with high-performance computing infrastructure, operations, and efficiency, representing the future of industrial-scale computing.
Legal and general capital
Legal & General Capital (LGC) is the Legal & General Group’s alternative asset platform, creating assets for Legal & General
General pension and third-party clients to achieve better risk-adjusted returns for our shareholders.
LGC has developed its market-leading capabilities in a range of alternative assets, offering depth of resources, track record and intellectual property. Invest in the real economy and create alternative assets offering a
tangible societal impact, its purpose is to invest the company’s capital for the benefit of society. LGC’s investments have
have been vertically integrated and include: residential property; specialized commercial real estate; clean energy (growth capital, assets and infrastructure); alternative credit; and venture capital.
As LGC’s ability to create alternative assets continues to grow, it will not only continue to expand its balance
but also to create alternative assets for third-party investors. Many of these investors have the same objectives, namely to create assets to guarantee pensions with a better return or to create assets with strong growth prospects but with a low correlation with the performance of equities.
L&G has invested more than £30bn in leveling up regional economies, including through major regeneration programs in Cardiff, Newcastle and Salford. Legal & General recently committed to enabling all new homes in its portfolio to operate at net zero carbon emissions by 2030, including Legal & General Modular Homes, CALA Group, Legal & General Affordable Homes, Build to Rent and Later Living. LGC also holds a 36% stake in Kensa Heat Pumps, a UK manufacturer and installer of high efficiency network heat pumps.
Legal and General Group
Founded in 1836, Legal & General is one of the UK’s leading financial services groups and a global leader
investor, with international companies in the United States, Europe, the Middle East and Asia. With over £1.24 trillion in total
assets under management, we are the UK’s largest investment manager for company pensions and a
UK market leader in pension risk transfer, life assurance, occupational pensions and retirement income.
Legal and General Insurance Company Limited. Registered in England and Wales No. 00166055. Registered Office: One Coleman Street, London EC2R 5AA. We are authorized by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.