Data Center News

CyrusOne secures billion dollar credit facility for data center expansion

Data center firm CyrusOne this week announced the closing of a $7.9 billion Warehouse Credit Facility incremental to the $1.8 billion Revolving Credit Facility financing completed in May, providing the company with approximately $9.7 billion of additional debt capital raised.“The successful cl...

July 09, 2024

CyrusOne

Google Cloud to provide private cloud region and colocation facility for CME Group

Google Cloud is providing a private cloud region for financial services company CME Group in Aurora, Illinois which will host a specialized platform to support global trading of CME's futures and options markets and will provide traders with access to a cloud-based low-latency network and high...

June 28, 2024

Illinois

CyrusOne closes $1.175 billion ABS offering

CyrusOne has closed its $1.175 billion Series 2024-2 and 2024-3 funding round, classified as a Secured Green Collateral Bond, and is the largest ABS issuance since 2021. Series 2024-2 is expected to mature in five years, while Series 2024-3 is expected to mature in seven.Eric Schwartz, CEO of ...

May 18, 2024

CyrusOne

NCSA expands Radiant Supercomputer

The University of Illinois Urbana-Champaign’s (UIUC) National Center for Supercomputing Applications (NCSA) this week announced it has installed additional graphics processing units (GPUs) to its private cloud Radiant system. The University acquired the GPU with a funding commitment of $50 m...

May 09, 2024

Illinois

CyrusOne launches fifth data center in Frankfurt

CyrusOne has just launched its fifth data center in Frankfurt, FRA5 located in Hanau, 25km east of Frankfurt's city center. This new campus, spanning 18,000 square meters across two buildings will offer 54MW of IT capacity. The launch ceremony hosted by Carsten Schneider was attended by Lord ...

December 01, 2023

CyrusOne

Meta unveils new Illinois data center

Meta has finally launched its 2.3 million square feet DeKalb, Illinois, data center three years after construction began. According to the company, this construction took over $1 billion to complete and required 1,200 skilled workers. This site is expected to provide over 200 operational jobs ...

November 30, 2023

Illinois

CyrusOne completes its first data center in Spain

Colocation company CyrusOne recently completed the shell and core of its first data center in Spain and threw a traditional flag-flying ceremony to celebrate it. The MAD1 facility, situated on a five-acre site, is a two-story facility with an IT capacity of 18MW across 6,000 square meters. Thi...

November 16, 2023

CyrusOne

CyrusOne files to invest $15m in new San Antonio data center

Colocation company CyrusOne has filed with the Texas Department of Licensing and Regulation to build a new data center for the 'CyrusOne SAT 8 & 9' project in San Antonio, Texas. The application notes that the company intends to invest $15 million in building a two-story data center and of...

November 15, 2023

CyrusOne

Compass Datacenters Acquires Former Sears HQ for $194M to Build Data Center Campus

Compass Datacenters has acquired the former Sears headquarters, spanning 197 acres in the Chicago area, for $194 million. As Sears continues to downsize its operations, Compass plans to replace the existing 2.4 million square-foot campus with data centers, reflecting the growing demand for clo...

September 18, 2023

Compass Hoffman Estates

CyrusOne proposes seventh data center in Frankfurt

CyrusOne is required to construct a new data center in Frankfurt, Germany. Last week, the company unveiled plans for its seventh data center facility in Frankfurt, designated FRA7 and situated on a 678,125-square-foot plot in the Frankfurt Westside business park. The development will include t...

September 08, 2023

CyrusOne

CyrusOne launches new AI-specific built-to-suit data center design

CyrusOne has announced the launch of an AI-specific built-to-suit data center design, which it says has been developed specifically to address the “rapidly growing needs of AI applications and services.”The company notes that the Intelliscale data center is built on an ultra-high-density found...

August 30, 2023

CyrusOne

CyrusOne requests approval for a Dublin data center

CyrusOne has applied to the South Dublin County Council for permission to construct a new data center in the Grange Castle Business Park in the Irish capital. The application, submitted on July 14, calls for the demolition of a one-story home called "Erganagh" and the erection of a three-story...

August 23, 2023

CyrusOne

CyrusOne announces plans for new Frankfurt data center

CyrusOne has announced its plans to build its next data center in Frankfurt, Germany. Named FRA6, the facility is located in Germany’s “Digital City” and will offer a total IT capacity of 72 MW delivered over four floors, with each level offering 18 MW. The company shared that the acquired Eu...

July 07, 2023

CyrusOne

French court reverses injunction against CyrusOne's Paris data center construction

To obtain planning approvals for a data center in Paris, France, CyrusOne had to fight a legal battle. The Versailles Administrative Court overturned the local mayor's orders to prevent the issuance of two building permits. The company intends to convert a former logistics facility in the Vill...

July 04, 2023

CyrusOne

The site plan for Metro Edge Development Partners' Chicago data center approved

The Chicago, Illinois data center of commercial real estate finance firm Metro Edge Development Partners has been granted site approval. The corporation received site plan approval for its IMD1 data center from the Chicago Department of Planning and Development this month.IMD1 will be a five-s...

June 29, 2023

Chicago

Bidding in Illinois for an unoccupied HSBC/CapitalOne facility

Illinois's former HSBC data center will be auctioned off later this month. On June 6-8, Cushman & Wakefield will auction off a data center in Volo via LoopNet. According to the listing, the Volo Data Center is a 160,000-square-foot data facility on a 42-acre lot at 300 S Fish Lake Road. Vo...

June 02, 2023

Illinois

Edged Energy begins work on Chicago facility

Edged Energy has announced that work has commenced on its new facility in the Aurora area of west Chicago, Illinois.Together, with Seefried Industrial Properties, Inc., the company broke ground on the new 65-acre, multi-building data center campus, its first in Illinois, and nearby CyrusOne fa...

May 25, 2023

Chicago

PowerHouse Data Centers signs lease agreement with CyrusOne for ABX-1 Data Center Powered Shell

Earlier this month, PowerHouse Data Centers announced a 30-year lease agreement with CyrusOne, for a spec-built data center, ABX-1, located in Ashburn, Virginia. The company shared that substantial completion of the data center, a two-story, 265,000 SF powered shell, is scheduled for October.A...

May 23, 2023

CyrusOne

CyrusOne announces new Japan data center venture with Kansai Electric Power Company

CyrusOne has announced its partnership with Japanese energy firm Kansai Electric Power Company, Inc. (KEPCO) for the development of new data centers across Japan. The 50:50 joint venture, called CyrusOne KEP, will see at least one trillion yen ($7 billion) invested in the project over the nex...

May 23, 2023

CyrusOne

CyrusOne Data Centers is Getting Ready to Issue CMBS Worth $701 million

Asset-backed securities totaling $701 million will be backed by real estate and tenant contracts for space and electrical capacity in five finished and operational data centers in Texas and Virginia. According to a pre-sale assessment from S&P Global Ratings, the CyrusOne Data Centers, 202...

April 20, 2023

CyrusOne

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