Data center purchased by FII in RS interrupts operations due to rains in the region

The new property in the Alianza Trust Renda Imobiliária (ALZR11) portfolio, a data center with more than 5 thousand square meters of built area in Porto Alegre (RS), did not suffer “relevant impacts on the physical infrastructure of the property” according to a statement from the management of the fund released this Tuesday (07).

The acquisition of the Porto Alegre Data Center, from Scala Data Centers SA, was announced by the fund in April, and is still in the negotiation phase. In Tuesday’s statement, management stated that the offer of R$150 million for the property remains valid.

Due to the floods and the calamity situation in several cities in Rio Grande do Sul, the Data Center temporarily interrupted its services.

In its own statement, the company reported that, although it had the technical conditions to keep services running, due to its own sustainable energy production capacity, “we could not do so by guaranteeing adequate safety standards for our team and, therefore, we are being forced to preventively shut down the SPOAPA01 website”, wrote CEO Marcos Peigo.

The Scala Data Center acquired by ALZR11 is the second of its kind acquired by the real estate fund. It has 5,311 square meters of built area on a plot of land with an area of ​​approximately 4,730 square meters. According to the FII, the acquisition is strategic and envisions future potential for technological growth in this region of Porto Alegre.

“The strategic choice of Porto Alegre is based not only on its proximity to other data centers in a highly connected region, but also on the prospect of becoming a connection point for the Malbec submarine cable, which is 2,600 kilometers long, and already connects the cities of São Paulo and Rio de Janeiro to Buenos Aires, with a future installation aimed at directly connecting Porto Alegre to Buenos Aires, further consolidating the position of the city of Rio Grande do Sul as a connectivity hub”, informed the management report from Alianza.

The payment of R$150 million must be made in cash after the property has been negotiated. The expectation is that the transaction will represent a return to the shareholder of approximately R$0.12 per share per month in the first year of the contract.