Macquarie's Majority Stake in Dutch Hyperscale Data Center Draws Bids from Igneo, Orix

Macquarie's Majority Stake in Dutch Hyperscale Data Center Draws Bids from Igneo, Orix
December 13, 2025

A significant stake in a major European data center is attracting strong interest from global infrastructure investors, highlighting the intense competition for digital infrastructure assets fueled by the artificial intelligence revolution. Macquarie Capital is conducting a sale process for its controlling interest in a Dutch hyperscale facility, with the deal potentially valued around €900 million (approximately $1 billion).

According to people familiar with the matter, investment firms Igneo Infrastructure Partners and Japan's Orix Corporation are among the parties advancing to the next round of bidding. Canada's Northleaf Capital Partners is also proceeding in the process. Final offers from the suitors are expected to be submitted next month, though deliberations are ongoing and participants could still withdraw. Macquarie could also ultimately decide to retain the asset, the sources noted.

The asset in question is the Amsterdam 1 Data Center, located in the Schiphol-Rijk district. The facility originated from a partnership formed in 2022 between Macquarie Asset Management and Japan's NTT, as the latter sought a partner to develop its data center footprint in Europe and North America. Macquarie Capital currently holds a 75% majority stake in the venture, with NTT owning the remaining 25%. Representatives for Macquarie, Igneo, Northleaf, and Orix all declined to comment.

The bidding activity underscores infrastructure's status as a key theme for investors capitalizing on the AI boom. This has triggered an arms race among the world's largest alternative asset managers to acquire the expertise needed to build and operate complex digital assets like data centers. The potential transaction follows another landmark deal in the sector; in October, Macquarie Group agreed to sell Aligned Data Centers to a consortium led by BlackRock's Global Infrastructure Partners in a monumental $40 billion transaction.

Source: japantimes

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