Data Center News

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

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

Quantum computing firm D-Wave faces delisting from NYSE again

Quantum computing firm D-Wave is facing delisting from the New York Stock Exchange over its low stock price for the second time this year. The company announced this week that it received a notice from the NYSE that it is not in compliance with listing requirements as the average closing price...

October 26, 2023

New York

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

CapMan Infra takes over the Danish colocation company Fuzion

CapMan Infra has acquired the Danish data center colocation company Fuzion. This week, the transaction via the CapMan Nordic Infrastructure II fund was announced. The acquisition terms were not disclosed. Fuzion was founded in 2001 and operates out of four data centers in the Jutland region of...

September 04, 2023

Denmark

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

Circularity controversy: Bitcoin operations heats bathhouse in Brooklyn

In New York City, Brooklyn, a bathhouse and spa named Bathhouse has shared that it is now heating its pools with mining, with the water from the pool, then going on to cool the hardware. The bathhouse and spa also Bitcoin payments. The company shared the news in an Instagram post: "Enjoy a hot...

July 03, 2023

New York

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

AT&T inks 15.6MW solar deal in New York

AT&T has announced its plans to procure solar energy from five projects in Upstate New York from DSD Renewables (DSD). The deal will see AT&T serve as an anchor tenant subscriber for a five-project community solar portfolio; the company will offtake 15.5MW of the larger 24.1MW portfoli...

May 17, 2023

New York

Telia Will Offload its Danish Operations For $920m

The Swedish telecommunications company Telia Company has agreed to transfer its Danish operations to the energy and telecommunications corporation Norlys for $919.85 million. Telia explains that its strategy is to concentrate on markets where it can obtain and defend a market-leading position....

April 26, 2023

Telia Company

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

Plans For a Three-story Data Facility in Loughton, Northeast London

A 185,150-square-foot data center is projected for northeast London. Alandale Scaffolding has applied to Epping Forest District Council for permission to construct a new center in Loughton, close to the Debden station, as first revealed by EssexLive. The company intends to construct a three-st...

February 23, 2023

London

Telia joins job-cut wave

Telia joins the big tech job cuts with the announcement that it is cutting 1,500 jobs this year, 1000 in the first quarter, and the rest throughout the year. According to the company, it has been aiming to reduce its workforce by around 1000 a year, since 2021, in line with its restructuring p...

February 01, 2023

Telia Company

Hyperco To Develop two 50MW Facilities in Helsinki, Finland

Hyperco has announced its plan to expand its data center presence in New Zealand with two new data center campus developments. The Nordic data center company said it would develop the facilities in Helsinki, Finland, with each having an initial capacity of 50MW. The company did not reveal t...

December 14, 2022

Helsinki

New report from the Cool-Data project assesses using waste heat from data centers in district heating

As part of the EU's Fit for 55 legislative package, it is pushing for data centers to be connected to surrounding district heating networks to use surplus heat. A new report from the Cool-Data project has comprehensively reviewed the rules and incentives around waste-heat recovery by data cent...

November 21, 2022

Denmark

600MW data center campus on East London's green belt in Havering met with opposition

Leading environmental group CPRE has argued that Digital Reef's plans to build Europe's "largest data center" will cause "massive environmental damage" and has vowed to fight its development. As previously covered by Baxtel, the £5.3 billion ($5.97bn) project is to be built on land in North Oc...

November 21, 2022

London

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