PGIM sells data center development site in Munich
Type: Sale · Technology: Data Center · Country: Germany · Announced: 2026-09-18
PGIM sold a 30MW data center development site near Munich, Germany, to an unnamed European infrastructure investor. The site, located in Unterschleißheim, includes a building permit and regulatory approvals. PGIM acquired the site in 2024 through its closed-ended value-add fund European Value Partners (EVP) II. The sale crystallizes the value created through securing planning consent and grid connection.
Counterparties
- PGIM (Seller)
- PGIM Real Estate (Parent Company)
- Prudential Financial, Inc (Parent Company)
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