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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 Largest Data Center Funding Deals In Q2 of 2021
Largest Data Center Funding Deals In Q2 of 2021
July 24, 2021

Largest Data Center Funding Deals In Q2 of 2021

GlobalConnect A / S

The data center industry is a multibillion-dollar industry. According to Gartner, end-user spending on data center infrastructure for 2020 was $188 billion, a 10.3% decrease from 2019’s spending. With these figures, we can reach a consensus that there’s a massive market available for data cent...

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Read QScale secures C$195 million ($155.2 million) funding for its large-scale data center campus
QScale secures C$195 million ($155.2 million) funding for its large-scale data center campus
July 21, 2021

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

QScale

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 ...

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Read Azrieli Group acquires Green Mountain
Azrieli Group acquires Green Mountain
July 21, 2021

Azrieli Group acquires Green Mountain

Green Mountain AS

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...

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Read 3SIIF fund has €1 billion($1.9 billion) to spend, including on digital infrastructure
July 10, 2021

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

Eastern Europe

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...

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Read Sabey Data Centers issues $175 million in securitized notes
Sabey Data Centers issues $175 million in securitized notes
July 10, 2021

Sabey Data Centers issues $175 million in securitized notes

Sabey Data Centers

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...

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Read Euronext is moving its data center infrastructure from London to Italy because of Brexit
Euronext is moving its data center infrastructure from London to Italy because of Brexit
June 30, 2021

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

Aruba Global Cloud IT3

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...

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Read CDH raises RNB 2 billion ($310 million) for a Chinese data center company
June 29, 2021

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

China

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...

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Read Princeton Digital Group considers $400m fundraising ahead of potential IPO
Princeton Digital Group considers $400m fundraising ahead of potential IPO
June 28, 2021

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

Princeton Digital Group

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...

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Read GlobalConnect secures €2.7bn ($3.2 billion) debt refinancing
GlobalConnect secures €2.7bn ($3.2 billion) debt refinancing
June 28, 2021

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

GlobalConnect A / S

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 ...

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Read Iron Mountain enters $178 million sale-leaseback deal with Intermediate Capital Group, and would use proceeds to invest in data centers
Iron Mountain enters $178 million sale-leaseback deal with Intermediate Capital Group, and would use proceeds to invest in data centers
June 26, 2021

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

Iron Mountain

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...

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Read Macquarie Capital Partners with Prime Data Centers for potential $5 billion capital investment
Macquarie Capital Partners with Prime Data Centers for potential $5 billion capital investment
June 25, 2021

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

Prime Data Centers

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...

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Read Sabey secures $250 million refinancing deal for 375 Pearl Street
Sabey secures $250 million refinancing deal for 375 Pearl Street
June 20, 2021

Sabey secures $250 million refinancing deal for 375 Pearl Street

Sabey Intergate.Manhattan

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 ...

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Read Amber Infrastructure Group acquires majority stake in iseek
Amber Infrastructure Group acquires majority stake in iseek
June 18, 2021

Amber Infrastructure Group acquires majority stake in iseek

iseek Communications

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 ...

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Read OVHcloud to go public by end of 2021
OVHcloud to go public by end of 2021
June 16, 2021

OVHcloud to go public by end of 2021

OVH Group

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...

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Read Equinix partners with GIC to invest additional $3.9 billion in its Hyperscale Program
Equinix partners with GIC to invest additional $3.9 billion in its Hyperscale Program
June 15, 2021

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

Equinix

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...

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Read Principal Real Estate raises over half a billion for first dedicated US data center fund
Principal Real Estate raises over half a billion for first dedicated US data center fund
June 10, 2021

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

United States

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...

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Read MIS's data center fund to start within six months
MIS's data center fund to start within six months
June 10, 2021

MIS's data center fund to start within six months

Saudi Arabia

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...

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Read D9 Infrastructure raises £175 million for digital infrastructure acquisitions
D9 Infrastructure raises £175 million for digital infrastructure acquisitions
June 10, 2021

D9 Infrastructure raises £175 million for digital infrastructure acquisitions

United Kingdom

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...

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Read Switch raises $500 million in senior notes to fund the Data Foundry acquisition
Switch raises $500 million in senior notes to fund the Data Foundry acquisition
June 02, 2021

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

Switch

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...

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Read Telia Company's divestment of Telia Carrier completed
Telia Company's divestment of Telia Carrier completed
June 01, 2021

Telia Company's divestment of Telia Carrier completed

Telia Company

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...

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