Macquarie Capital is looking to sell its stake in a Dutch hyperscale data centre it jointly owns with Japan’s NTT – its second attempt in recent years, sources said.

Nomura and Macquarie Capital are acting as financial advisors to sell Macquarie’s 75% stake in the data centre, which is based in Amsterdam and has a total capacity of over 60 MW, according to sources.

One source added that a teaser was distributed in July, with information memoranda expected to be sent out in early September.

The Australian investment firm attempted to sell its stake in the business in early 2024, in a process led by JLL and named “Project Bradman”.

The previous auction attracted interest from infrastructure investors including OMERS, PGGM, PGIM and Grain, sources previously told Infralogic.

The project stems from a partnership agreement signed by Macquarie and Japanese telecoms company NTT in 2022 to support the latter’s expansion across Europe and North America.

The partnership was signed through Macquarie Asset Management’s real estate arm, but the Amsterdam data centre is 75% owned by Macquarie Capital, the unit that invests capital from Macquarie’s own balance sheet rather than through managed funds.

Macquarie and NTT raised EUR 293m in 2022 from SMBC to finance the Amsterdam-based asset, which was developed in multiple phases. SMBC later syndicated part of the debt to more lenders, including NIBC, NordLB and Siemens Financial Services, according to Infralogic data.

Macquarie has expanded its presence in the data centre sector in recent years. Shortly after agreeing its partnership with NTT, Macquarie acquired a minority stake in VIRTUS, a London data centre company operating 11 sites in and around the city.

Later in 2023, Macquarie made another move into European data centres, through Macquarie Capital’s investment in a majority stake in Brussels-based European data centre developer KevlinX, alongside  Belgian investment firm PMV.

NTT’s global data centre portfolio spans more than 20 countries, with over 1 GWof IT capacity across more than 160 facilities. In Europe, the company owns sites in London, Frankfurt, Berlin, Munich, Vienna, Zurich, Madrid, Amsterdam, and Paris.

Macquarie and Nomura declined to comment. NTT did not respond to requests for comment.