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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...

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 to d...

August 01, 2026

Posted by: Abdul-Rahman Oladimeji

New Jersey

Read Africa50 Invests $20m in PAIX Data Centres
Africa50 Invests $20m in PAIX Data Centres
February 17, 2022

Africa50 Invests $20m in PAIX Data Centres

PAIX

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 ...

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Read Hotwon Group Plans To Raise $300 million To Fund Expansion
February 08, 2022

Hotwon Group Plans To Raise $300 million To Fund Expansion

China

According to Bloomberg, Hotwon Group is looking to raise up to $300 million in funding. The Chinese data center developer hopes to use the money raised to expand its footprint across the country. Once successful, Hotwon’s valuation will increase to $1.5 billion. Reports also show that the comp...

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Read Blackstone Makes a $250m Investment In Vnet
Blackstone Makes a $250m Investment In Vnet
February 01, 2022

Blackstone Makes a $250m Investment In Vnet

21Vianet

Chinese data center firm Vnet has announced that Blackstone has invested $250 million in the firm. Blackstone bought $250 million worth of convertible notes in Vnet. According to Vnet, it will be using the funds to develop and expand in China. The founder and executive Chairman of Vnet, Josh C...

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Read Dutch Data Center Firm Penta Infra Secures €75 million in Funding
Dutch Data Center Firm Penta Infra Secures €75 million in Funding
January 28, 2022

Dutch Data Center Firm Penta Infra Secures €75 million in Funding

Penta Infra

Penta Infra has announced that it has raised €75 million ($83.5m) in a financing deal tied to sustainability targets. Penta Infra is a Dutch data center firm with a focus on European data centers. It has facilities in Denmark, Germany, and the Netherlands. Penta owns 11 data centers across the...

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Read D9 Poised For Another Acquisition Spree After Raising Another £95m
D9 Poised For Another Acquisition Spree After Raising Another £95m
January 27, 2022

D9 Poised For Another Acquisition Spree After Raising Another £95m

Digital 9 Infrastructure

Digital 9 Infrastructure (D9) has announced that it has successfully raised another £95.2 million ($127.4m). It plans to use the money raised to finance its infrastructure acquisition run. D9 raised the finances through new Ordinary shares. The company has some digital infrastructures it is...

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Read IXcellerate Secures $190m In Funding
IXcellerate Secures $190m In Funding
January 26, 2022

IXcellerate Secures $190m In Funding

IXcellerate

IXcellerate announced this week that it has completed a new round of financing after raising $190 from existing and new investors. Some of the new investors include SberInvest, Mubadala Investment Company, and the Russian Direct Investment Fund. The company says the funds will be used to expan...

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Read GI Partners secures $390m refinancing for One Wilshire carrier hotel in LA
GI Partners secures $390m refinancing for One Wilshire carrier hotel in LA
January 21, 2022

GI Partners secures $390m refinancing for One Wilshire carrier hotel in LA

One Wilshire Building

JLL’s Capital Markets Group has announced that it has helped GI Partners refinance the One Wilshire carrier hotel in California. The group said it arranged a $390 million refinancing for One Wilshire’s 30-story, multi-tenant, 660,000 square foot data center and office building.  Executive ...

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Read Echelon Data Centres secures over $960m funding from Starwood Capital
Echelon Data Centres secures over $960m funding from Starwood Capital
January 14, 2022

Echelon Data Centres secures over $960m funding from Starwood Capital

Echelon Data Centres

Echelon Data Centres has announced a debt finance agreement with Starwood Capital Group. The agreement sees Echelon raise over €855 million ($969.8m). Echelon will use the funds to finance the completion of data centers on its four facilities in Ireland. The sites include DUB40, DUB20, DUB1...

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Read Vantage Data Centers secures $530 million in financing
Vantage Data Centers secures $530 million in financing
November 05, 2021

Vantage Data Centers secures $530 million in financing

Vantage Data Centers

Vantage Data Centers has announced that it has raised $530 million in securitized notes. The funds it raised would be used to refinance Vantage DC’s Variable Funding Note (VFN) facility. VFN was used to facilitate the purchase of CA22. Vantage Stabilized Data Centers, a joint venture Vantag...

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Read Dubai’s DAMAC Group buys stake in Ireland’s Dataplex
Dubai’s DAMAC Group buys stake in Ireland’s Dataplex
October 19, 2021

Dubai’s DAMAC Group buys stake in Ireland’s Dataplex

DataPlex Group

DAMAC Group has acquired a 45 percent stake in Dataplex Group Limited. The two companies will focus on brownfield projects that involve rebuilding existing structures. They will also focus on more significant greenfield projects while focusing on hyperscale and wholesale colocation customers. ...

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Read OVHcloud goes public
OVHcloud goes public
October 18, 2021

OVHcloud goes public

OVH Group

OVHcloud has finally been listed on the stock exchange in France. It went public on the Euronext Paris stock exchange. The company’s opening market capitalization was €3.48 billion ($4bn). It also raised €400 million ($469m). OVHcloud opened at €18.50 per share, dipped slightly, but its sha...

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Read Sustainable Finance: New way to address the environmental footprint of data centers
Sustainable Finance: New way to address the environmental footprint of data centers
September 27, 2021

Sustainable Finance: New way to address the environmental footprint of data centers

Aligned

Much has been said about how data centers adversely affect the environment. However, more data centers have begun to become 'Greener.' Besides, in order to leave a better environmental footprint, many data center companies are now spending more on green energy. Investors and data center fin...

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Read Strategic Capital Fund Management sets up Datasphere, new data center investment platform
Strategic Capital Fund Management sets up Datasphere, new data center investment platform
September 09, 2021

Strategic Capital Fund Management sets up Datasphere, new data center investment platform

Strategic Datasphere

Strategic Capital Fund Management is setting up Strategic Datasphere, LLC, a $1.5 billion data center investment platform. The investment firm said Strategic Datasphere would focus on acquiring, developing, and managing data center facilities across Europe and the US. It will also focus on sal...

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Read Aligned announces $1.35 billion in securitized notes under its Green Finance framework
Aligned announces $1.35 billion in securitized notes under its Green Finance framework
August 27, 2021

Aligned announces $1.35 billion in securitized notes under its Green Finance framework

Aligned

Aligned just announced $1.35 billion in securitized notes, which is issued under its new Green Finance Framework. The Company said the notes issued were the first-ever green data securitization as well as the largest ever inaugural data center securitization. Anubhav Raj, CFO of Aligned, sa...

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Read Data center merger and acquisition activities in Q2 of 2021
Data center merger and acquisition activities in Q2 of 2021
August 16, 2021

Data center merger and acquisition activities in Q2 of 2021

Mapletree Redwood Data Centre Trust

2021 has been an eventful year in the data center industry as we’ve seen some major merger and acquisition activities as these firms look to expand their capacities. We are going to shine the spotlight on the top five merger and acquisition activities in Q2 of 2021. We’ll be able to see wh...

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Read Hines raises $650m for investing in properties including data centers
Hines raises $650m for investing in properties including data centers
August 12, 2021

Hines raises $650m for investing in properties including data centers

Hines Interests

US-based Real estate firm Hines has raised $650m for a new fund targeting properties including data centers within the United States. The firm is also targeting industrial, multifamily, and other property types. Fund manager Adriana de Alcantara was quoted to have said the firm wants to inv...

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Read Piemonte Holdings to invest 600m reais ($116m) in data centers
Piemonte Holdings to invest 600m reais ($116m) in data centers
August 05, 2021

Piemonte Holdings to invest 600m reais ($116m) in data centers

Elea Data Centers

Piemonte Holdings, a Brazil-based firm, plans to invest 600m reais ($116m) in data centers throughout the rest of the year. The Rio de Janeiro-based firm says it will be expanding its existing data centers and buying new sites in Brazil in H2 of 2021. CEO of the firm, Alessandro Lombardi, says...

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Read Nabiax ties €320 million financing to environmental and social targets
Nabiax ties €320 million financing to environmental and social targets
August 04, 2021

Nabiax ties €320 million financing to environmental and social targets

Nabiax

Nabiax has announced that it has tied its project financing to sustainability goals. The data center firm announced that its €320 million ($379.5m) financing had been converted into a sustainable format. Valora will serve as the project’s sustainability consultant, while BBVA will be the susta...

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Read KPN agrees €1 billion ($1.176bn) sustainability-linked credit facility
KPN agrees €1 billion ($1.176bn) sustainability-linked credit facility
August 04, 2021

KPN agrees €1 billion ($1.176bn) sustainability-linked credit facility

Netherlands

Dutch telco KPN has agreed to a €1 billion ($1.176bn) sustainability-linked loan. The loan is linked with some sustainability performance in the next few years. The credit facility will be linked to three sustainability objectives. The first one is reducing its energy consumption, the secon...

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Read Aligned secures $250 million for sustainability and green growth plans
Aligned secures $250 million for sustainability and green growth plans
July 28, 2021

Aligned secures $250 million for sustainability and green growth plans

Aligned

Aligned has announced that it has secured $250 million in sustainability-linked financing, bringing its total to $1.25 billion. Last year, it became the first data center company to receive a sustainability-linked loan (SLL). These loans are linked to sustainability initiatives, and the inter...

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