Market

• There is strong and growing demand for local compute housing driven by the broader trends of: digitalisation; the exponential growth in data generation and processing; and the ever-increasing importance of technology to society.
• This demand is coming from: local enterprises and public institutions driven by IT outsourcing; local managed service providers and IT companies; and the large global technology companies which are seeking to densify their networks and increase their proximity to end-users for certain applications and use-cases
• Deployment of fibre and 5G mobile networks supports the aforementioned trends and the emergence of low latency use cases closer to the end user (i.e. edge)
• The large international datacentre companies are not focused on the regional edge locations that Portus is targeting as they are busy serving the large public cloud capacity requirements of the global technology companies and developing much larger (10-100MW) datacentre campuses in markets such as Frankfurt, London, Amsterdam, Paris, and Dublin
• This provides Portus with a highly attractive, growing but underserved, market to address

Asset

• Portus provides secure and reliable housing for mission critical IT infrastructure located close to end-users
• The IT infrastructure located within Portus’ facilities is at the heart of modern society
• Portus is executing a ‘buy-and-build’ aggregation strategy, which has strong growth potential given the fragmented nature of the local markets it is targeting
• The company aims to have market leading sustainability characteristics and plans to develop highly efficient, sustainable infrastructure to serve its customers today and in the future