DSM Avocats à la Cour advised the Wagner Group, on the sale of 85% of European Data Hub to Arcus

DSM Avocats à la Cour advised the Wagner Group Luxembourg, on the sale of 85% of European Data Hub to Arcus Infrastructure Partners LLP.

For over 90 years, the Wagner Group has been successfully expanding and professionalizing its services on the market in order to be able to offer tailor-made solutions in the IT sector, in the conception, creation and operation of buildings as well as building technology and facility management up to real estate development.

European Data Hub operates a data centre in Luxembourg, a market in which demand for data centre capacity currently outstrips supply. It provides premium colocation capacity and related services to its customers. The data centre has a current sellable IT power capacity of 1.2MW, c. 1,750 sqm of sellable IT whitespace, and is certified, amongst others, to the EN50600 VK4 and Uptime Institute Tier IV high availability standards. It is also fitting out existing floorspace with the required electrical and mechanical infrastructure to increase sellable IT power capacity to 3.0MW, with the first stage being completed in Q1 this year.

The DSM Avocats à la Cour team was led by Managing Partner Mario DI STEFANO, supported by Tax Partner Alex PHAM and Associate Frédéric SEINCE.