Property and leisure group develop £35m data centre
Commercial real estate and leisure investment group PMB Holdings has announced a £35 million data centre project in Milton Keynes.
The London based company plans to develop the MK DataVault; a highly secure, risk free and resilient environment for the safe keeping of important computer systems, telecoms and storage components.
It will take pride of place on the 6.8 acre Maxwell House site, the former property of ex-media tycoon Robert Maxwell.
Its location will allow access to multiple fibre routes from a diverse range of carriers, and will deliver an estimated ‘link latency’ speed of 0.6m/s from London to Milton Keynes.
The link latency is the measurement of delays in the relay of data through a connection.
Peter Beckwith, founder and chairman of PMB Holdings, said: “With the UK expecting to invest approximately £2.19bn in data centres during the 2011-12 financial year; the data centre market is an exciting area for PMB Holdings to be entering.
“It further establishes our investment in the UK commercial property market and continued development of high quality real estate.
“The site holds many associations for me of my personal experiences of Robert Maxwell as a young solicitor, and for many Milton Keynes residents the demolition of this building will help support the town in erasing his monstrous presence from this affluent area.”
This was posted in Bdaily's Members' News section by Tom Keighley .
Enjoy the read? Get Bdaily delivered.
Sign up to receive our popular morning London email for free.