Greykite’s Digital Ursus data centre conversion project completes successful early repositioning of logistics property in Warsaw into a leading data centre.
“We are very pleased with the fast value creation that we have been able to showcase in our Digital Ursus data centre project – having signed a long-term lease with a top data centre operator, relocated multiple existing tenants, and increased the power to 65 MW, all within a period of six months. From the outset, we envisioned the Digital Ursus data centre conversion project with White Star as a platform for long-term, strategic investment in a sector benefitting from very compelling tailwinds. The early success of converting the Ursus property into a modern data centre hub represents a validation of that vision and a clear signal of our long-term commitment to digital infrastructure in Europe.”
“We are excited to be bringing this unique data centre conversion project forward with our partners at White Star, which highlights GREYKITE’s hands-on approach to driving value creation. The commitment of one of the key tenants from the data centre sector to the property confirms its new strategic significance for digital infrastructure development in the region.
“Digital Ursus is currently undergoing a dynamic transformation – from a traditional logistics park originally developed by White Star into an infrastructure-ready facility serving modern digital services. This success is the result of close cooperation between all parties and the project’s flexibility, allowing it to respond effectively to evolving market needs.”
Digital Ursus
About GREYKITE
GREYKITE Investment Adviser Limited (together with its affiliates, “GREYKITE”) is an independent European real estate investment firm established in 2023 and headquartered in London. GREYKITE’s approach is rooted in meticulous market research aimed at identifying scalable investment opportunities in a series of high-conviction sectors. Thereafter, GREYKITE seeks to create leading European real estate businesses by either “buying it” or “building it” – utilizing corporate transactions or through strategic asset aggregations. Following acquisition, the Firm drives durable and lasting value enhancement through a combination of active asset management and value creation initiatives at the real estate and corporate levels. GREYKITE was founded on the principles of partnership and collaboration and is committed to creating long-term-value through transparency and strong alignment of interests of internal and external stakeholders.
GREYKITE Investment Adviser Limited is an appointed representative of G10 Capital Limited (FRN: 648953) which is authorised and regulated by the Financial Conduct Authority.
About White Star Real Estate
White Star Real Estate is a well-known, international real estate company with a first-class track record. Its team has been active in Central and Eastern Europe since 1997, leading the completion of over 50 development projects throughout the region. These projects include a large portfolio of landmark office, warehouse, retail, leisure and residential properties. White Star Real Estate is also an experienced asset and property manager, providing services to its clients for over 1.6 million square meters of commercial properties. Further information is available at www.whitestar-realestate.com.
Important Notice: The Fund mentioned within is only available to Professional Investors within the United Kingdom and the European Union countries where it is duly notified for marketing pursuant to Directive 2011/61/EU on Alternative Investment Fund Managers. Retail Investors may not rely on the information within. This is a marketing communication. Please refer to the Fund’s private placement memorandum available upon request before making any final investment decision. This is not an offer to sell, or an invitation for an offer to acquire, an interest in the Fund, nor is it an invitation to apply to participate in the Fund. This is not an offering or placement of interests in the Fund in any jurisdiction and should not be construed as such. No information in this document will form the basis of any contract.
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