PMB Holdings Invests £35 million

PMB Holdings Limited, the commercial real estate and leisure investment group founded by veteran property developer Peter Beckwith, has announced a £35 million project in Milton Keynes to build the MK DataVault Limited.

Once the property of disgraced ex-media tycoon, Robert Maxwell, the MK DataVault is the first data centre to be developed by PMB Holdings.
 
The MK DataVault has been designed to offer a highly secure, risk free and resilient environment for the safe keeping of critical computer systems and vital telecom and storage components. Its close proximity to multiple fibre routes from a diverse range of carriers will deliver an estimated link latency speed of just 0.6m/s from the City of London to Milton Keynes.
 
Located on the 2.75 hectares (6.8 acres) Maxwell House site, the MK DataVault will feature a secure 29 MVA power supply, dedicated dual feeds from the Bletchley Bulk Supply Point (located less than 0.6 miles away), two 30 MVA transformers and a new on-site 33kV / 11 kV substation. The supply will be fully energised in summer 2012.
 
Peter Beckwith, founder and chairman of PMB Holdings, said: "With the UK expecting to invest approximately £2.19bn in data centres during the 2011-2012 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."
 
PMB Holdings have been advised by GVA.