RCS - Record PLC - Swiss pension fund partnership invests in NorthC

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RNS Number : 5349Y  Record PLC  30 March 2026

30 March 2026

 

RECORD PLC

Swiss pension fund partnership invests

in enterprise colocation data center platform NorthC

 

Record plc ("Record", the "Company" or the "Group"), the specialist currency
and asset manager, announce that its subsidiary Record Asset Management GmbH
("RAM"), has committed to its third infrastructure transaction through its
co-investment vehicle for Swiss pension funds.

The co-investment vehicle enables leading Swiss pension funds to invest
alongside ABP (the Dutch pension fund for government and education employees)
through APG's Asset Owner Partnership ("AOP") programme, which is managed by
APG Asset Management N.V. ("APG").

The commitment relates to APG's agreement, on behalf of its pension fund
client ABP and the Swiss pension fund partnership (AOP III), to acquire a
37.5% stake in NorthC Datacenters B.V. ("NorthC"), one of Europe's leading
enterprise colocation data centre platforms. NorthC is headquartered in the
Netherlands and operates across the Netherlands, Germany and Switzerland.

The transaction will be executed in partnership with Antin Infrastructure
Partners ("Antin"), following Antin's acquisition of 100% of the company from
DWS. Antin and APG will assume joint ownership of NorthC, combining their
complementary sector expertise, long-term investment horizon and shared
commitment to developing sustainable digital infrastructure.

This investment positions NorthC to advance its development pipeline and
deepen its presence in high demand metropolitan markets, supporting Europe's
shift toward secure, sustainable and locally governed digital infrastructure.

The acquisition is subject to regulatory clearance.

This investment expands the portfolio's exposure to digital infrastructure and
follows earlier commitments to Pattern Energy and TenneT Germany. The vehicle
has now committed 35% of its initial investor capital.

RAM continues to deploy capital on behalf of its clients through a disciplined
co-investment approach, focused on infrastructure assets with long-term value
characteristics.

 

-Ends -

 

For further information, please contact:

 

 Record plc

 Dr Jan Witte, Chief Executive Officer

 Cerian Tahany FCG, Company Secretary

                                         investorrelations@recordfg.com
 Panmure Liberum

 Atholl Tweedie                          Tel: +44 (0)20 7886 2500

 David Watkins

 

Record plc - LEI Number: 5493000VJ55ZTYGX4322

 

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