STAR Capital agrees to invest €50 million in TASC Infrastructure
4 November 2022
STAR Capital (“STAR”) has agreed to invest €50 million in TASC Infrastructure Property Company (“TASC Infrastructure”), an acquirer, owner and manager of rental income streams for digital infrastructure assets. The investment will enable the company to further expand its portfolio across Europe.
TASC Infrastructure, led by its founders and supported by a highly experienced management team with a combined 180+ years in TMT, finance and real estate experience, will deploy the capital to continue to grow in its existing 5 markets and launch in new markets over the next 12 months, aggregating assets individually, through portfolios and selected M&A transactions, as well as rolling out new infrastructure.
The European tower market is expected to continue enjoying a significant growth trajectory driven by a large boost in site demand and network densification with exponential wireless data growth and new technology driving the need for more digital infrastructure.
The investment in TASC Infrastructure is in line with STAR’s strategy, which concentrates on strategic assets demonstrating long-term, secure cashflows and the potential to generate strong risk-adjusted returns.