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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

Canberra Data Centres Announces $1.8bn Refinancing and $209m Capital Markets Issuance

Canberra Data Centers has announced the close of a US$1.8 billion refinancing. Law firm Gilbert+Tobin (G+T) revealed that it advised the Australian data center firm on the AU$ 2.7 billion (US$1.8B) refinancing. G+T also said it advised CDC on upsizing its debt facilities and its US$209.4 mi...

December 02, 2022

Canberra Data Centres (CDC)

Switzerland's Data Center Operator Green Closes $514 Million Refinancing

Green has announced the closing of a $514 million refinancing. The Swiss data center operator successfully refinanced its existing facilities with a total package of CHF 480 million ($514m) from Swiss and international banks. According to the company, the funds will be used to speed up its ...

December 02, 2022

Green Datacenter AG

Vantage Secures $350m Loan From French Bank For Data Center in Santa Clara, California

According to Real Deal and Globe Street, Vantage Data Centers has received $350m in funding to develop a data center in Santa Clara, California. Vantage DC acquired a building in the city, and the fund will be used to convert it into a data center campus. The planned facility will span 44,5...

December 01, 2022

Vantage Data Centers

European Investment Bank Loans OVHcloud €200m

OVHcloud has secured a €200 million ($208m) loan from the European Investment Bank (EIB). The loan will be used to fund future developments. OVHcloud's goal is to provide a sustainable cloud service alternative in Europe to replace US cloud providers. It aims to support European privacy standa...

November 25, 2022

OVH Group

Google's 15-Year Tax Break on Oregon Data Center Expires

Google has started paying property taxes at its Oregon data center- 15 years after it launched the facility. The company got a tax bill of $5.2m from Wasco County after its tax break expired. Google developed the data center in 2006. The tax bill might be small for Google, but it will signi...

November 11, 2022

Google The Dalles Oregon

Stonepeak Announces $570m Investment in CoreSite

Investment company Stonepeak has increased its investment in CoreSite by $570m. The data center company was acquired in 2021 by American Tower Corporation for $10 billion. After the acquisition, Stonepeak invested $2.5 billion in the data center company in the summer. Stonepeak’s new investmen...

October 31, 2022

CoreSite

IMCO Pumps $450 million in DataBank

The Investment Management Corporation of Ontario (IMCO) will invest around US$450m in DataBank. The Canadian firm signed an agreement to invest the funds as part of DataBank’s recapitalization process. DataBank is expected to close the deal in Q4 2022. The Chief Investment Officer of IMCO...

October 24, 2022

DataBank

DC Two Announces AU$1 Million Fund Raise

DC Two has announced that it raised AU$1 million (US$647,000). The fund was raised at a $0.039 per share offer. The company noted that the money would be used to speed up its growth. In addition, it would be geared towards marketing its Bibra Lake data center. The managing director of DC ...

October 07, 2022

Zettagrid

Stoneshield looking to Raise €300 million ($307.3m) to Fund 100MW Madrid Campus

According to Cinco Dias, Spanish data center developer Xdata is looking to offload a stake in its company to help fund its 100MW Madrid data center campus development. The company has reportedly contacted CBRE and Morgan Stanley to seek an investor. Stoneshield established XData Properties in ...

July 25, 2022

Madrid

Sabey Has Plans For $250m Revenue Notes

Sabey Data Centers is about to issue revenue notes to the tune of $250m. According to Asset Securitization, the company will issue the notes to securitize real estate and tenant lease payments on six of its hyperscale data center campuses across Washington, Virginia, and New York. S&P will...

June 30, 2022

Sabey Data Centers

STC's Share Price Sees Major Surge After $8bn Capital Increase Announcement

Saudi Telecom is mulling over increasing its share capital by $8 billion. The company revealed this in a statement earlier in the week. If it happens, STC will issue 30 billion new shares. Existing shareholders will also be offered 1.5 new shares for every share they own. According to Refin...

June 14, 2022

Saudi Telecom Company

Telefónica Announces €1 Billion Sustainability-Linked Senior Bond

Telefonica has announced that it has issued its first senior sustainable bond. The bond will be used to sponsor sustainability initiatives and projects. The nine-year bond amounts to €1 billion ($1.06 billion). Telefonica saw immense success with the bond as it was over subscribed by more t...

May 30, 2022

Telefonica

Ark Data Centres Secures £700 million Sustainability-Linked Loan

Ark Data Centres has announced that it has secured a loan of £700 million ($902m). The UK data center firm plans to use the funds to refinance an existing credit facility and partially expand its data center campuses. The loan was structured by ING. Lloyds, ABN Amro, Crédit Agricole CIB, No...

April 22, 2022

Ark Data Centres (UK)

Indonesia's Edge DC Secures Funding For Expansion

Edge DC of Indonesia has announced that it secured credit facilities with PT Bank Central Asia Tbk. The company aims to use the funds to expand its business. It secured working capital loans worth IDR 100 billion ($7m) and credit facilities worth IDR 2.7 trillion ($188m). The company currently...

April 01, 2022

Indonesia

Pioneer Point Partners Closes €575 million ($640.9m) Fund

Pioneer Point Partners LLP has announced that it closed its maiden institutional fund. The fund is worth €575 million ($640.9m). The fund exceeded the company’s initial target of €500 million ($557m). Pioneer Point Partners attracted investments from 15 North American and European institutiona...

March 04, 2022

United Kingdom

Argo Infrastructure Partners Invests $500m in TierPoint

TierPoint has announced that Argo Infrastructure Partners has invested $500 million into its business. The move sees Argo Infrastructure Partners become the largest single equity investor in the firm. TierPoint will use the net proceeds from the transaction to expand the company and provide...

March 02, 2022

TierPoint

GDS Secures $620m For Expansion Through Convertible Notes

GDS Holdings has announced that it raised $620 million through convertible notes. The Chinese data center firm revealed that it entered into a deal to sell convertible senior notes worth $620 million to ST Telemedia Global Data Centres, Sequoia China Infrastructure Fund I (SCIF), and an Asi...

February 24, 2022

GDS Services Ltd

Mubadala Leads Princeton Digital Group's $500m Equity Raising Round

Princeton Digital Group has announced that it raised a new round of equity led by Mubadala. Mubadala is the Abu Dhabi government’s arm, and it has put in $350 million in the equity round worth over $500 million. The round will fund PDG, which has 20 data centers across the APAC region with ...

February 23, 2022

Princeton Digital Group

NxtGen To Raise $100m For Expansion in India

According to The Business Standard, NxtGen Datacenter and Cloud Technologies want to raise $100 million. The company intends to use the money raised to fund an expansion spree in India. NxtGen is looking to develop 236 Edge facilities and 10 data centers across India. The company offers IT ser...

February 21, 2022

NxtGen Infinite Datacenter

Africa50 Invests $20m in PAIX Data Centres

PAIX Data Centres has announced that investment vehicle, Africa50 has invested $20 million into its business. The funds raised signifies PAIX Data Center’s Series B financing by the investment firm. According to PAIX, the funds will be used to expand and grow into new markets. The CEO of PAIX ...

February 17, 2022

PAIX

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