Generali’s Infranity has announced a €175m commitment to support Retelit Datacenter’s expansion across Italy.
The financing package covers a €175m commitment out of the €375m total financing for the project and will enable capacity extension across existing datacentres in Italy as well as the development of new datacentre locations.
Infranity is an asset management firm that specialises in sustainable infrastructure investments. It is supported by Italy’s largest insurer Generali and manages more than €13.2bn of assets under management (AuM) on behalf of institutional investors.
Retelit, which is owned by Asterion Industrial Partners, operates one of Italy’s most extensive digital infrastructure platforms, comprising 38 datacentres nationwide, including the Avalon Campus in Milan, the country’s largest interconnection hub.
Infranity stated that its latest transaction reinforces a strategic focus on digital infrastructure, which the asset manager described as a “sector at the heart of Europe’s economic competitiveness”.
Investment director at Infranity, Marie Dowlatyari, commented: “This financing supports a highly strategic digital infrastructure platform in one of Europe’s key markets.
“We are pleased to accompany Asterion and Retelit Datacenter in accelerating the expansion of critical data centre capacity across Italy. This transaction reflects our conviction in long-term, asset intensive businesses that play an essential role in the digital transition.”
