BNP Paribas Real Estate (BNPPRE) has appointed Michael Umfreville to lead a new team focused on the leasing and land acquisitions of data centres across the UK.
Umfreville, who has enjoyed a successful career at BNPPRE in the city office leasing team, will expand his remit to focus on data centres within the firm’s alternatives division.
Alongside co-ordination of the firm’s expertise in the sector, he will head up a niche team to support with aspects such as land and building transactions and lease advisory work across an existing and new client bases, taking advantage of the industry’s increasing focus on data centres as an asset class.
Said Stephen Wolfe, head of commercial at BNP Paribas Real Estate: 'Investor interest in data centres has grown exponentially over the past five years or so – offering long-term income and increased security.
'We’ve been working with our clients behind the scenes on a number of high-profile deals for a prolonged period – and have taken the decision to build a dedicated and expert team to deliver and support with this. Michael is the perfect candidate to lead the team with his wealth and depth of contacts and experience.'
Source: propertyeu.info on the 7th of February
(https://propertyeu.info/Nieuws/BNP-Paribas-launches-data-centres-team-with-key-appointment/469db93b-c941-4235-bb13-dbc60d069d0c)