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Data Centre Developer Sues New Jersey Town for $300m

Data centre developer Hexa Builders is seeking $300 million in damages from Monroe Township, New Jersey, after officials rejected its proposed 1 million sq ft data centre in May. The lawsuit, filed in New Jersey Superior Court, alleges the township council and planning board violated multiple constitutional rights, including zoning authority, fundamental fairness, and First and Fourteenth Amendment protections. Hexa argues the application was rejected because of the township’s opposition t...

August 01, 2026

Posted by: Abdul-Rahman Oladimeji

New Jersey

KKR is to pay $807 million for a stake in SingTel's regional data centre operation

On Monday, SingTel announced that KKR will buy a 20% share in its regional data center business for $806.87 million. SingTel and KKR said in a joint statement that the agreement values SingTel's regional data center business at $4.03 billion and will be utilized to develop in Southeast Asian c...

September 19, 2023

Asia-Pacific (APAC)

EdgeConneX Gets $403.8Million to Develop its Jakarta Data Centers

EdgeConneX, a provider of Hyperscale Data Center Solutions, revealed a $ 403,8 million contract in Sustainability-Linked Senior Facilities to expedite its growth strategy and green initiatives for its Jakarta, Indonesia, data center footprint. This transaction, according to EdgeConneX, will in...

September 18, 2023

EdgeConneX

Vantage Data Centers EMEA receives $1.6 bn from AustralianSuper

AustralianSuper has made an investment in Vantage Data Centers' EMEA operations. Last week, the company announced it would invest $1.6 billion to acquire a "significant minority stake" in Vantage Data Centers Europe, Middle East, and Africa (Vantage EMEA), backed by DigitalBridge. The pension ...

September 11, 2023

Vantage Data Centers

Belgian data center company KevlinX receives investment from Macquarie

Macquarie has made an investment in a Belgian data center developer. Allen & Overy announced this week that it advised Macquarie Capital on its investment in KevlinX Holding B.V. Allen & Overy reported that KevlinX HoldCo is creating a data center in Brussels via its indirect subsidiar...

September 07, 2023

Macquarie Data Centres

Arm might be worth up to $52 billion after its IPO

Arm intends to price its initial public offering (IPO) between $47 and $51 per share, which could generate up to $4.9 billion for SoftBank. The IPO would value the semiconductor designer up to $52 billion, exceeding the $32 billion SoftBank paid for in 2016 but falling short of the $64 billion...

September 06, 2023

1025Connect

Switch invests $772m in another Georgia facility outside Atlanta

Switch is preparing to construct a new data center facility in Bartow County, Georgia. Switch is preparing to build the "Switch KEEP 2.0 Atlanta North Campus" in Cartersville, according to the Developments of Regional Impact filings (DRI, 1-2).The 126-acre site is located in Cartersville, sout...

September 01, 2023

Switch

DataQube, a UK Edge data center firm, enters insolvency

Edge data center company DataQube Global Ltd of the United Kingdom has declared bankruptcy. Creditors convened today, August 29th, to deliberate a nomination of liquidators and, if necessary, appoint a liquidation committee. DataQube reps did not acknowledge requests for comment regarding the ...

August 29, 2023

United Kingdom

Bain to privatize ChinData in a $3.16 billion transaction

ChinData, a Chinese data center operator, will be taken private by existing investor Bain Capital. ChinData Group Holdings Limited revealed over the weekend that it had gone into a $3.16 billion merger deal with two Bain subsidiaries that will be taken private: BCPE Chivalry Bidco Limited and ...

August 15, 2023

Chindata Group

Stack Infrastructure intends to raise $100 million in secured notes

Stack Infrastructure seeks to raise $100 million by issuing securitized notes. After raising $250 million in March, this will be Stack's second fundraising round this year and sixth overall. It will begin on July 24.The notes have received an A-2 rating from S&P Global. This is presently s...

July 26, 2023

STACK INFRASTRUCTURE

Digicel founder relinquishes majority stake in debt restructuring

Digicel, a pan-Caribbean telecommunications company, has settled with its bondholders to cancel nearly $1.7 billion in debt as a trade for a majority stake in the company. A restructuring agreement has been reached in which bondholders will convert their investment into an initial 62 percent s...

July 03, 2023

TierPoint aims to raise $925 million through securitized loans

TierPoint seeks to raise $925 million by selling A-rated data center revenue notes from Kroll Bond Rating Agency. The exchange is TierPoint's first and is backed by 31 colocation data centers with approximately $397.2 million in annualized monthly frequent revenue and $198.3 million in yearly...

June 29, 2023

TierPoint

AdaniConneX gets $213 mn capital for data center assets

AdaniConneX, an equal partnership between data center provider EdgeConneX with ports-to-power conglomerate Adani Enterprises Ltd, announced on Friday that it had secured a $213 million senior debt facility with input from international banks to fund its 67 MW of under-construction data center...

June 26, 2023

AdaniConneX

Telehouse, a subsidiary of KDDI, buys Allied Properties' data center holdings for $1 billion

Telehouse has entered the Canadian market with the acquisition of three data centers. KDDI, the parent company of the data center company, announced this week that it had acquired three data centers and the associated assets in Toronto, Canada, from Allied Properties REIT. KDDI paid $1.02 bil...

June 22, 2023

Telehouse

Macquarie Technology Group is attempting to raise $88 million for a new data facility

Macquarie Technology Group is raising 88 million dollars to finance its Sydney data center. The company is raising capital through a non-underwritten institutional placement to increase its liquidity and free float. The business offers 2.22 million additional fully paid shares at $39.61 per sh...

June 14, 2023

Macquarie Infrastructure Partners (MIP)

Iron Mountain and Web Werks invest $170m in Navi Mumbai data facility

Web Werks and Iron Mountain plan to invest 170 million dollars in a data facility in Navi Mumbai, India. The envisioned facility, Mumbai-3, will have a 32MW capacity and be constructed to Tier III specifications. The JV already owns a five-acre parcel to develop the data center, which is antic...

June 09, 2023

Web Werks

Verne Global receives $100m loan

Verne Global, an Icelandic data center company, received a $100 million loan. This week, the board of directors of Digital 9 Infrastructure announced that the business had inked a new $100 million green term loan debt financing for Verne Global Iceland, along with a $50 million accordion provi...

June 06, 2023

Verne: Keflavik Campus

Nvidia's Shares Jumps 20% on Massive Data Center Revenues

In extended trading last Wednesday, Nvidia shares surged significantly after the company surpassed analysts' revenue estimates and reported record data center sales. The Santa Clara, California-based semiconductor manufacturer reported a 19% increase in first-quarter revenue compared to the pr...

May 26, 2023

QTS Realty Secures a $800m Data Center Refinancing Contract

QTS Realty, owned by Blackstone, has refinanced four data center properties. Citigroup leads a consortium of four institutions that provided the loan. It will be used to refinance QTS' existing $667 million debt and provide the funds necessary to finance tenant build-outs.The refinancing is gi...

May 25, 2023

QTS Data Centers

Manulife Inve Management Buys a Majority Stake in Serverfarm

Manulife Investment Management (Manulife IM) bought the majority of Serverfarm's shares. This week, the investment firm announced that, on behalf of Manulife Infrastructure Fund II and its affiliates, it had signed an official contract to acquire a controlling stake in Serverfarm.The terms of ...

May 22, 2023

ServerFarm Realty

Itel Invests $20 million in Etix Everywhere JV in Bangkok

Interlink Telecom (Itel) of Thailand has declared its intention to invest in its data center partnership with Etix Everywhere. In conjunction with Australian firm Edge Centres, the company has also recently debuted an Edge facility. The Bangkok Post reports that Intel revealed plans to invest ...

May 19, 2023

Etix Everywhere

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