Hamburg, Derry, Cologne 3rd October 2024: DTCP, a leading specialist investment management firm focused on digital transformation, today announced it’s involvement as the primary investor in Atlantic Hub (“the Company”), a Northern Ireland- and Republic of Ireland-based data centre developer here forward. This investment enhances DTCP’s existing European digital infrastructure portfolio.
Established in 2018, Atlantic Hub is a large-scale campus data centre developer with campuses across Ireland. The Company recently received planning permission for its Derry campus, which represents one the largest infrastructure developments in the region, and Northern Ireland’s first large scale data centre campus. Additionally, work is also progressing on a ‘twin’ campus site in County Donegal, Ireland. Atlantic Hub plans to develop state-of-the-art facilities, which will provide up to 170MW of data centre capacity to meet growing demand for high-performance cloud computing and AI for hyperscalers. The proximity of these twin campuses will foster significant cross-border collaboration and expand the region’s capacity as a new data centre hub, attracting high-tech industry players to the North West.
The region is ideal for data centre developments due to its cool climate, strategic geographical location, and proximity to renewable energy sources – particularly from on- and off-shore wind. Furthermore, Northern Ireland’s unique position, straddling both the UK and EU legal jurisdictions, makes it highly attractive to clients seeking to serve both markets. The region’s rich tech talent pool, bolstered by an already thriving industry, further enhances its appeal.
The investment into Atlantic Hub expands and complements DTCP’s existing investment portfolio. The investment presents an attractive and unique opportunity to significantly advance the digital infrastructure in the region and support efforts to drive digital transformation throughout the European continent.
Zahl Limbuwala, Operating Partner at DTCP, said: “We are excited to be involved in the onward development of Atlantic Hub as it presents a unique opportunity to develop the region into a new data centre hub. There is a huge growth opportunity for Atlantic Hub to benefit from the unprecedented tailwinds in the data center industry. With Atlantic Hub’s Derry campus having been granted planning permission, we are now looking forward to working with Brian and his team, leveraging our experience and network to develop a state-of-the-art data centre campus.”
Brian Doherty, Managing Director & CEO of Atlantic Hub, commented: “We are excited to have gained DTCP as our new investor and to develop Atlantic Hub together into a leading data centre operator. DTCP’s strong track record across the data centre industry allows Atlantic Hub to capitalize on the sizable opportunity that lies ahead. We look forward to working alongside DTCP as they support Atlantic Hub to reach its full potential in the growing data centre market.”
Markus Wiedenmann, CEO of Art Invest commented: “It’s wonderful to be working again with our partners at DTCP who have extensive data center development experience and unique market sector knowledge. I’m also pleased to see that Brian whom we backed from an early stage has reached this important milestone in the development of Atlantic Hub”
The transaction itself is subject to final customary closing conditions.