Dentons has advised Zenium Germany GmbH (“Zenium”), the German subsidiary of data center operator Zenium Technology Partners Limited, on the sale of its data center division to American real estate investment trust CyrusOne. This transaction will strengthen CyrusOne’s presence in London and Frankfurt, the two largest data center markets in Europe. The selling price was €442 million and the closing is scheduled for the first quarter of 2018.

Zenium – a leading developer and operator of data centers in London and Frankfurt – specializes in fulfilling the increasing demand for resilient IT infrastructure.

CyrusOne is a fast growing real estate trust that focuses on locations for enterprise-class data centers. The Texas-based company owns 44 data center facilities worldwide and plans to utilize Zenium’s infrastructure in Europe to accelerate its expansion into new markets.

The Dentons team, that specializes in legal issues related to the development, operation and sale of data centers, led by Frankfurt-based partner Dr Christoph Papenheim, advises Zenium on an ongoing basis regarding all legal issues.
Advisors to Zenium Germany GmbH:

Dentons (Frankfurt): Dr Christoph Papenheim (Lead Partner, Corporate/M&A), Michael Graf (Partner, Tax), Dr Andrej Latinovic (Counsel, Real Estate), Thomas Treffer (Associate, Tax), Dr Ariane Theissen (Associate, Corporate), Dr Anja Tschierschke (Associate, Corporate)