[London, UK] Goldacre, the tech-focused arm of the Noé Group’s £2bn asset management business, has today been named the winner of the Real Estate Deal of the Year Award at the Finvest Data Economy Awards in Monaco.
The Deal of the Year Award was given in recognition of Goldacre’s partnership with Legal & General, marking the first time a listed UK institution has invested in a data platform as joint venture partners.
Legal & General Capital joined Goldacre as investors in the Kao Data business in February 2019, bringing the total value of the Kao Data Campus in the London-Cambridge corridor to £230m.
This landmark investment is the culmination of a remarkable story of regeneration at the Kao Data Campus, located on a historic 15-acre site in the Harlow Enterprise Zone.
The campus site was previously the science and technology hub for the former industry giant Nortel. Sir Charles Kao was awarded a Nobel Prize for his pioneering research on the site in the 1960s, which paved the way for fibre optic telecommunications and the broadband industry. The Kao Data business was subsequently named in his honour.
Having accepted the award from Joanna Lumley OBE, Founder of Goldacre, David Bloom said: ‘It’s quite incredible that from those early days of surveying a derelict site, our partnership with Legal & General has been recognised as the Finvest Real Estate Deal of the Year. Our vision for the Kao platform was inspired from the start by Sir Charles Kao’s legacy. We were determined that the campus would grow into a ground-breaking platform that would profoundly impact the growth of the national digital economy. Having partnered with Legal & General to do just that, we believe that the site is now a fitting tribute to Sir Charles who died last year.’