Record’s Swiss Pension Vehicle Backs NorthC Data Centre Stake

Record plc ( (GB:REC) ) has provided an announcement.

Record plc’s subsidiary Record Asset Management GmbH has completed its third infrastructure commitment via a co-investment vehicle for Swiss pension funds, enabling them to invest alongside Dutch pension giant ABP through APG’s Asset Owner Partnership programme. The latest deal backs APG’s acquisition, on behalf of ABP and the Swiss partnership, of a 37.5% stake in NorthC Datacenters, a leading enterprise colocation data centre operator in the Netherlands, Germany and Switzerland.

The transaction, executed in partnership with Antin Infrastructure Partners following its buyout of NorthC from DWS, will see Antin and APG jointly own the platform and support its expansion in high-demand metropolitan markets, subject to regulatory approval. The investment broadens the vehicle’s digital infrastructure exposure, following prior commitments to Pattern Energy and TenneT Germany, and brings it to 35% deployment of initial capital as RAM continues a disciplined focus on long-term infrastructure assets for its clients.

The most recent analyst rating on (GB:REC) stock is a Buy with a £56.00 price target. To see the full list of analyst forecasts on Record plc stock, see the GB:REC Stock Forecast page.

Spark’s Take on REC Stock

According to Spark, TipRanks’ AI Analyst, REC is a Outperform.

Record plc’s overall score is driven by its strong valuation and financial stability, despite technical indicators suggesting a bearish trend. The company’s high dividend yield and strategic corporate events further support its potential for long-term growth.

To see Spark’s full report on REC stock, click here.

More about Record plc

Record plc is a specialist currency and asset manager that offers investment solutions to institutional clients, including co-investment vehicles for pension funds. Through its subsidiary Record Asset Management GmbH, the Group structures and manages infrastructure co-investments that allow Swiss pension funds to access large-scale, long-term real assets alongside major European pension investors.

Average Trading Volume: 170,881

Technical Sentiment Signal: Sell

Current Market Cap: £95.21M

See more data about REC stock on TipRanks’ Stock Analysis page.