GI Partners has launched the GI Real Estate Essential Tech + Science Fund (ETS Fund), which will seek to support mission-critical functions of the technology and life sciences industries. The fund will seek to acquire data centre properties, life sciences assets, and research & development (R&D) facilities within the office and industrial sectors.
The fund seeks to continue the Firm’s strategy of investing in opportunities in essential technology and science real estate by capitalising on their collective technology, life sciences, and real estate skillsets.
“The global economy is being transformed by technological and scientific innovations impacting the way people live and work,” John Sheputis, managing director of GI Partners and head of the ETS Fund, said. “Data centres, life sciences assets, and always on facilities support essential functions of the 24/7 modern economy. Our goal is to maximise risk-adjusted returns for our investors by identifying untapped segments of the market where our experience provides a critical competitive advantage.”
Since launching in early 2021, the fund has been actively investing in a diverse portfolio of data centres, life sciences assets, and R&D facilities across the United States, including, the Walsh-Bowers Assemblage (207,534 sq ft, Santa Clara, CA), a portfolio of three buildings in the primary data centre hub for Silicon Valley, the Mt Eden Research Park (369,986 sq ft, Hayward, CA), a six-building life sciences campus in the San Francisco Bay area whose existing tenants are pioneers in their respective fields and position the asset well for future life sciences growth, and the Pointe (89,145 sq ft, Redwood City, CA), two life sciences buildings adjacent to a rapidly maturing Bay Area life sciences submarket.