09 March 2022

BNP Paribas Real Estate (BNPPRE), the real estate unit of the French banking firm, has launched a new team focused on the leasing and land acquisitions of data centres across the UK. The company recently appointed Michael Umfreville to lead a new team focused on the leasing and land acquisitions of data centres across the country. “With data centre transactions heating up across the core locations, BNPPRE will provide support and advice to our clients, whether they are well established or entering the market for the first time,” he said. The firm said its decision to create a dedicated team comes as specialist private institutions have begun to enter the data centre investment market, including REITs, institutional investors, sovereign wealth funds and infrastructure funds.