JLL Debt & Financial Advisory advised Hyperco in raising debt financing for the purchase of a data centre property
Hyperco, a Finland-based real estate investment firm focused on acquiring and developing data centers has announced their first property transaction. JLL advised Hyperco in the acquisition process to arrange debt financing for the transaction. A real estate credit fund managed by Morgan Stanley Investment Management, the global asset management division of Morgan Stanley, provided senior financing for the transaction.
© 2022, Anders Portman / Kuvatoimisto Kuvio Oy
Hyperco has acquired the property from TS-Yhtymä, a Finnish family office, at a total transaction value over EUR 35 million. The property is located at Myllynkivenkuja 4 in Vantaa, Helsinki Metropolitan Area. Hyperco’s investors include NREP, one of the largest real estate funds in the Nordics, and Varma, one of Finland’s largest pension funds.
The industrial building, located next to a power plant, constructed in 1987 totals 16 900 square metres of leasable area, and has potential for a 6 500 square metre extension.
The acquisition is Hyperco’s first, which was founded little over a year ago and is the first player in its field in Finland. Hyperco’s current pipeline features both standing and development assets across the Nordics. Over the next couple of years, Hyperco will invest in both existing data centers as well as large build-to-suit developments targeted for fast-growing international technology companies. It plans to expand its portfolio to other Nordic countries
”We were very satisfied with JLL’s end-to-end services in debt advisory covering all aspects of the transaction, not just sourcing the debt. Having a top-tier international financier support us early on is a testament to Hyperco’s capacity to work on an institutional scale”, comments CEO & co-founder of Hyperco, Timo Pohjanpalo.
“I am extremely delighted that we were able to help Hyperco to secure debt financing for their first transaction. It is especially noteworthy how a prominent international lender was convinced of Hyperco’s expertise and ambitions despite Hyperco being new name in the market”, says Eemeli Lehto, the Head of Debt and Financial Advisory at JLL Finland.
JLL Debt and Financial Advisory advised Hyperco in raising debt for the acquisition. JLL Capital Markets, separately mandated by TS-Yhtymä, acted as sole commercial advisor for the seller in the transaction.
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