Wren House Infrastructure Management is nearing a deal to buy GIC Pte's stake in a European data center joint venture. The direct infrastructure investment arm of Kuwait Investment Authority plans to acquire the 80% stake for about €700 million ($810 million). People with knowledge of the matter said the confidential information has not been made public.

The transaction highlights continued investor appetite for digital infrastructure assets across Europe. GIC Pte, the sovereign wealth fund of Singapore, is divesting its position as Wren House expands its data center portfolio. Terms of the agreement are still being finalized, but the deal underscores the strategic importance of data center holdings in the current market environment.