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Hermes Real Estate Investment Management Limited/GCE Data Centres turn on the power at Perivale Park


London, 13th September 2012 - In a significant move, resulting from interest in this location from data centre occupiers, Hermes Real Estate Investment Management Limited (HREIML) and GCE Data Centres have purchased the last 12 MVA of power currently available in the area for their Perivale Park Estate.

Ian Cody, Senior Asset Manager,  Hermes Real Estate Investment Management Limited, commented: "With 12 MVA of power purchased and energised in Q2 2013 and a site offering numerous plot configurations, Perivale Park offers occupiers a very flexible solution for those wishing to acquire their own data centre."

Gary Lees of GCE Data centres said: "The total power secured will support some 40,000 sq ft of net IT space and 15,000 sq ft of this already has full planning consent and can be delivered by Q4 2013."
 
Commenting on occupier’s requirements, Charlie Carden of Jones Lang LaSalle said: "Demand for data centres within and around the M25 remains positive. Perivale Park gives occupiers the ability to secure a real estate solution with their own front door and the flexibility to control capital expenditure on the technical fit out in line with projected IT growth / customer demand.”
 
Combined with the 10MVA of power already secured in Bracknell, HREIML now control 22 MVA illustrating their commitment to the data centre powered shell model.
 
 Perivale Park CGI.jpg

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Notes to editors:
 
About Hermes Fund Managers
 
Hermes is a unique fund manager – we have been an industry leader in Responsible Investing for over thirty years and offer clients the unparalleled combination of:
  • Our Multi-Boutique Structure gives institutional and pension fund clients globally the benefit of access to a broad range of specialist, high conviction investment teams operating within an established and robust operating platform.
  • Our Investment Office is a crucial function, acting as a performance risk ‘radar’ for all boutiques’ investment activity and is central to our mission to deliver Sustainable Risk-Adjusted Alpha to all our clients. 
  • Our commitment to behaving as a Responsible Asset Manager, not merely by being a ‘Responsible Investor’ in quoted companies but also by applying these principles across all asset classes and by behaving as a ‘good fiduciary’ on behalf of our clients.

Hermes' investment solutions include:

  • Alternatives: Commodities, Hedge Fund Solutions, Real Estate, Private Equity, Infrastructure
  • Bonds: Inflation-Linked, Government Bonds, Investment Grade, High Yield
  • Equities: Global, Emerging Markets, Small & Mid Cap, Europe, Japan
Hermes manages assets on behalf of more than 170 clients* across these investment areas with £24.8 billion* assets under management. Additionally, we support pension funds and other global institutional investors worldwide in meeting their ESG responsibilities through our market leading Hermes Equity Ownership Services, which takes on a stewardship role engaging globally on more than £89 billion* of assets.