Data Center News

Viasat launches new headquarters in London

Satellite firm Viasat last week officially launched its new office, at 50 Finsbury Square in London, as the combined offices of both Viasat and Inmarsat, the rival vendor it acquired last year. The new 121,000 square feet site includes new satellite, network, and cyber operations centers for t...

April 15, 2024

London

Oriole Networks raises £10 million in seed funding

University College London (UCL) spinout Oriole Networks has raised £10 million ($12.6m) in a seed funding round co-led by UCL Technology Fund, Clean Growth Fund, XTX Ventures, and Dorilton Ventures, with support from Innovate UK Investor Partnership. “As the demand for compute continues to inc...

March 29, 2024

London

Segro to develop new data centers after £900 million share issue

Property investor Segro has raised £900 million ($1.1 billion) in a share issue and intends to use this funds to develop its portfolio across the UK and Europe. The London-listed business had initially been hoping to raise £800 million ($1.01bn), but on Tuesday evening its directors said stron...

February 29, 2024

London

Swiss Life Asset Managers acquires major stake in Telecom Infrastructure Partners

Investment firm Swiss Life Asset Managers this week entered an agreement with London-based InfraBridge, an infrastructure investment management division of DigitalBridge Group, to acquire a co-controlling equity stake in Telecom Infrastructure Partners (TIP). Gianfranco Saladino, head of value...

January 10, 2024

London

DataBank raises capital for new data centers

DataBank has raised $533 million of capital to build new data centers through debt and equity. This brings the total funds raised by the company this year to $1.6 billion, with $715 million of secured notes issued in February and a $350 million credit facility announced later in March. DataBa...

November 29, 2023

DataBank

Ridge purchases UK data center consultancy Concert

Building consultancy Ridge recently acquired London-based Concert, a data center-focused consulting company, to boost its business in that sector. Both companies finalized this acquisition on November 3, but the terms of the transaction were not disclosed. Concert will operate under its curre...

November 18, 2023

London

DataBank plans 192MW data center facility in Virginia

DataBank announced it has acquired 85 acres of land in Culpeper, Virginia, to construct a new data center campus, which will host up to three two-story data centers offering 1.4 million square feet of space. The new facility will use DataBank’s recently announced Universal Data Hall Design (UD...

November 16, 2023

DataBank

DataBank purchases new parcel in Atlanta, Georgia, for DC campus

US colocation provider DataBank recently purchased 95 acres of land near Lithia Springs within a mile of the 18 acres where it is already building its ATL4 facility in Atlanta, Georgia. The newly acquired parcel can accommodate two multi-story data centers totaling 1 million gross square feet....

November 01, 2023

DataBank

ICG completes £125 million purchase of London DC portfolio

Asset management firm Intermediate Capital Group recently completed a £125 million purchase of offices and data center portfolio in London leased to UK telco Vodafone. The 260,000 square feet portfolio comprises five data centers which was initially acquired from British Land who announced the...

October 23, 2023

London

DigitalBridge completes DataBank recapitalization

DigitalBridge Group recently revealed the completion of DataBank's recapitalization. The Group announced that DigitalBridge received an additional funding of $219 million, bringing the total costs of the recapitalization to $2.2 billion. This completed recapitalization will bring about a separ...

September 22, 2023

DataBank

DataBank completes seven data center expansion initiatives in the United States

DataBank has finished seven expansion initiatives throughout the United States. Over the weekend, the company announced the conclusion of seven data center projects in Dallas, Las Vegas, San Diego, Irvine, and Kansas City, in addition to two in Atlanta. In the past year, seven facilities have ...

August 21, 2023

DataBank

Thames Water considers restricting London data centers' water usage

Thames Water has announced that it is considering restricting data center water-use in London. The measure could reportedly include charging operators more at peak times and adding flow restrictors to pipes.Initially, the private utility undertook an assessment to get insight into how much wat...

July 27, 2023

London

98MW data center facility planned outside Abbots Langley, Hertfordshire

Greystoke Land Ltd has applied to the Three Rivers District Council to demolish extant structures on a 33-hectare site north of Mansion House Farm through Bedmond Road in Abbots Langley to construct a data center campus. The company intends to construct two data center structures totaling up t...

July 05, 2023

London

Havering Friends of the Earth raise concerns over data center plans

Havering Friends of the Earth has voiced concerns over an application to build a data center on Green Belt land. Digital Reef is proposing a huge data center campus in East Havering, within a new 500-acre site, with 67% of the land dedicated to an "ecology park." The company has offered the co...

June 14, 2023

London

DataBank Begins Construction of a New Data Facility in Atlanta, Georgia

DataBank has begun constructing a new data center in Atlanta, Georgia, and has completed an expansion in San Diego, California.The US-based business announced the start of construction on its ATL4 data center in Atlanta last week. The colocation facility, located at 200 Selig Drive, will incl...

May 04, 2023

DataBank

DataBank to expand one of its Seattle, Washington facilities

DataBank has announced it is expanding one of its Seattle, Washington facilities. The company plans to increase the floor space to 27,900 square feet (2,590 sqm) and up the available critical IT power to 3MW.“We decided to expand our footprint in the Seattle area based on how fast its digital...

April 18, 2023

DataBank

DataBank Obtains Credit Facility of $325 Million

To help support its development aspirations, US colocation provider DataBank has obtained a new $325 million credit line. The facility, led by TD Securities, consists of a $50 million conventional credit line, a $125 million deferred draw term loan, and a $175 million five-year term loan. The ...

April 07, 2023

DataBank

Akamai Technologies Will Purchase Ondat, a Cloud Storage Company

Akamai Technologies, an American provider of content delivery services, and Ondat, a provider of cloud storage, have signed a binding agreement. The transaction is anticipated to occur in the first quarter of 2023, and Akamai anticipates no major changes to its annual financial forecast. The a...

March 21, 2023

London

LSEG Data Center Hosts TNS Trading & Market Data Systems

The trading and market data systems of its clients are being transferred from the Main Data Center, which is now in the City of London, to the new London Stock Exchange Group (LSEG) Data Center, which is located close to the Docklands. After securing considerable infrastructure capacity in the...

March 01, 2023

London

Transaction Network Services Moves to New LSE Data Facility

The new London Stock Exchange Group (LSEG) data center is now home to a number of clients of Transaction Network Services (TNS). TNS was compelled to move after LSEG declared that its present City of London data center would be shut down. The brand-new colocation facility in Docklands still...

March 01, 2023

London

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