Gowling WLG has advised Lincoln Rackhouse, the data centre division of Lincoln Property Co., on a joint investment they are managing to acquire a data centre in London.
The company has collaborated with Sprott Korea Investment on the acquisition of the 145,000-sqf data centre in London's data centre submarket of Camberley.
Lincoln Rackhouse is based out of Dallas, Texas and the investment is the company's first venture outside of the US.
Real Estate partner Matt Walker and director Chris Morris led the real estate team, their first transaction for Lincoln Rackhouse. The team also comprised director David Pettingale, associate Aquib Yusaf and partner Ben Stansfield with employment law issues addressed by principal associate Emma Bufton. Partner Lee Nuttall led on the tax treatment of the real estate transaction.
Investment funds partner Sharon Ayres led the corporate structuring team comprising senior associate Laura Oseland, associate Orjeta Neli, paralegal Jess Adjei, supported by tax partner Lee Nuttall, principal associate Tom Rank, legal apprentice Abbie Brown and trainee Michael Tushingham.
Martin Peck Executive Vice President of Lincoln Rackhouse applauded the team effort after completion. He said: "To think this transaction was able to be successfully completed during these challenging times is not only personally inspiring, but it's also a testament to the professionalism and dedication of all involved - our Lincoln and Sprott Korea teams, our attorneys, facility partners and our seller,"
Matt Walker said: "It was fantastic to support Lincoln Rackhouse on its expansion into one of the world's top data centre markets, and it's first venture outside the US. The acquisition was started and completed despite challenging market conditions arising from the COVID-19 pandemic and will enable the company to facilitate a new customer installation immediately."
Sharon Ayres added: "It was great to have the opportunity to show Lincoln Rackhouse and Sprott our broader specialist capabilities. We advised the company on all English legal aspects of the investment, including real estate, corporate structuring, tax, employment and finance."