MCDC in £250m data centre deal

Matterhorn Capital, former owner of Earls Court and Olympia, has invested £250m in two sites in South-east England through its data centre division MCDC. The sites, in Bury Green, Hertfordshire, and Chesham, Buckinghamshire, will house more than 180,000 sq ft of data hall space.

The investment is Matterhorn's first move into the growing data centre market. The privately owned company was set up in 2004 to build up an investment portfolio comprising leisure, retail, commercial, and residential development. It sold half its stake in Earls Court and Olympia to property giant Liberty International in 2007, with Liberty taking over full ownership in 2009.