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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

QScale secures C$195 million ($155.2 million) funding for its large-scale data center campus

The Quebec Government, along with local private investors and Deszardins Capital, will invest a total of C$195 million ($155.2 million) in QScale, a Quebec-based data center firm. QScale first announced its plans to build a large-scale data center campus in Quebec in June. It said the data ...

July 21, 2021

QScale

Azrieli Group acquires Green Mountain

Azrieli Group, an Israeli real estate firm, has acquired 100% of Green Mountain, a Norwegian data center Company. The acquisition cost Azrieli NIS 2.8 billion ($849.2m). Azrieli noted that the acquisition would be self-financed, and it will be through debt raising and through an unsecured l...

July 21, 2021

Green Mountain AS

Sabey Data Centers issues $175 million in securitized notes

Sabey Data Centers announced that it has raised $175 million by issuing securitized notes at a coupon rate of 1.881%. By offering the notes at 1.881%, Sabey has set a record for the lowest new issue spread to benchmark rates. Also, Sabey Data Centers says it is the only data center issuer t...

July 10, 2021

Sabey Data Centers

3SIIF fund has €1 billion($1.9 billion) to spend, including on digital infrastructure

The Three Seas Initiative Investment Fund (3SIIF), an investment fund backed by some state-owned banks, has over €1 billion ($1.9 billion) to spend in the Eastern Europe region, digital infrastructure inclusive. 3SIIF was established in 2019, and it focuses on investing in critical infrastr...

July 10, 2021

Eastern Europe

Euronext is moving its data center infrastructure from London to Italy because of Brexit

Euronext, the largest stock exchange in Europe says it is moving its data center out of London to Italy because of Brexit. It says it made the decision because it needs a predictable regulatory environment which the UK can’t provide. Euronext initially moved its data center infrastructure from...

June 30, 2021

Aruba Global Cloud IT3

CDH raises RNB 2 billion ($310 million) for a Chinese data center company

CDH Investments has announced that it has raised RNB 2 billion ($310 million) for a domestic data center Company. CDH Investments is a Beijing-based firm, and the funds it raised are said to be the first domestic fund in China that’s focused on investing in data centers. Ye Tao, managing dire...

June 29, 2021

China

Princeton Digital Group considers $400m fundraising ahead of potential IPO

According to reports from Bloomberg, Princeton Digital Group wants to raise funds from investors to the tune of $400 million. Princeton Digital Group invests, develops, and operates data centers across Asia in countries like Singapore, China, Indonesia, and India. It also has 18 data centers i...

June 28, 2021

Princeton Digital Group

GlobalConnect secures €2.7bn ($3.2 billion) debt refinancing

GlobalConnect Group has announced that it has secured what it terms a ‘record debt refinancing’ worth €2.7 billion ($3.2 billion). A consortium of five Active Bookrunners, three Underwriters, and six Cornerstone Lenders coordinated by ING and SEB were responsible for the debt refinancing. The ...

June 28, 2021

GlobalConnect A / S

Iron Mountain enters $178 million sale-leaseback deal with Intermediate Capital Group, and would use proceeds to invest in data centers

US Real Estate Investment Company Iron Mountain has announced that it sold five facilities in the greater London area to Intermediate Capital Group (ICG). The sale agreement also included a leaseback deal for the facilities. Iron Mountain will remain in the facilities for an initial 12 year pe...

June 26, 2021

Iron Mountain

Macquarie Capital Partners with Prime Data Centers for potential $5 billion capital investment

Macquarie Capital has entered into a partnership with Prime Data Centers. It also made an undisclosed equity investment in Prime data center. However, both Companies claim that the partnership will give way for capital investments of over $5 billion over the next ten years. Furthermore, the Co...

June 25, 2021

Prime Data Centers

Sabey secures $250 million refinancing deal for 375 Pearl Street

Sabey has secured a $250 million refinancing deal for its office and data center at 375 Pearl Street, New York City. According to Commercial Observer, J.P. Morgan and Wells Fargo will be providing a $220 million, 10-year, fixed-rate CMBS loan and a further $30 million mezzanine debt. Sabey ...

June 20, 2021

Sabey Intergate.Manhattan

Amber Infrastructure Group acquires majority stake in iseek

Amber Infrastructure Group has acquired the majority stake in iseek, an Australian data center Company. Amber Infrastructure Group is an investment management firm, while iseek offers cloud and connectivity services from five data centers in Australia. Acquiring the major stake in iseek shows ...

June 18, 2021

iseek Communications

OVHcloud to go public by end of 2021

OVHcloud has officially confirmed that it would be going public on the Euronext stock exchange. Although OVHcloud hasn’t confirmed the date, but it will happen before the year runs out. Also, it did not say how much it expects to raise through the IPO, but it said the founder’s family, Octave...

June 16, 2021

OVH Group

Equinix partners with GIC to invest additional $3.9 billion in its Hyperscale Program

Equinix has announced that it has signed agreements for additional joint ventures with GIC, Singapore's sovereign wealth fund, which will add $3.9 billion to expand its data center program.The agreements come in the form of limited liability partnerships with GIC. The close, which is expected...

June 15, 2021

Equinix

Principal Real Estate raises over half a billion for first dedicated US data center fund

Principal Real Estate has announced that it has secured over half a billion dollars for its US data center fund, following the final investor close on 30 April. The $533 million comes from a total of 15 limited partners, including insurance companies, wealth managers, endowments, and foundatio...

June 10, 2021

United States

MIS's data center fund to start within six months

Al Moammar Information Systems Co. (MIS) announced that it expects its data fund to commence development within the next six months. The fund will go towards the development, ownership and operation of data centers across Saudi Arabia. This follows MIS signing a Memorandum of Understanding (Mo...

June 10, 2021

Saudi Arabia

D9 Infrastructure raises £175 million for digital infrastructure acquisitions

Digital 9 Infrastructure, a UK investment trust, has raised £175 million ($246.7 million). The Company initially offered an offering to raise £100 million through new ordinary shares. However, it was oversubscribed, and it raised a total of £175 million ($246.7 million). The Company says it p...

June 10, 2021

United Kingdom

Switch raises $500 million in senior notes to fund the Data Foundry acquisition

Switch will borrow $500 million to pay for its recent acquisition of Data Foundry for $420 million. Switch will be borrowing $500 million in senior notes. Senior notes are less risky, and the lender gets to pay lower interest. However, senior notes are a priority over other types of debt. Thi...

June 02, 2021

Switch

Telia Company's divestment of Telia Carrier completed

STOCKHOLM, June 1, 2021 /PRNewswire/ -- Telia Company has today completed the divestment of Telia Carrier to Polhem Infra as all conditions, including regulatory approvals, have been met. On October 6, 2020, Telia Company announced the divestment of its subsidiary Telia Carrier to Polhem Infr...

June 01, 2021

Telia Company

eStruxture raises $600 Million CDN

eStruxture just announced that it had secured over $600 million CDN in incremental equity from major financial institutions. eStruxture will use part of the sum secured to fund the acquisition of all Aptum’s Canadian data center business which was recently finalized. The funds will also help e...

May 05, 2021

eStruxture

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