maincubes one GmbH: Maincubes, a German Operator, Obtains a €1 Billion Funding Facility

The German data center company Maincubes has received debt funding in excess of $1.07 billion. The firm stated this week that it had inked a new $1.1 billion scalable financing facility, including $730 million in committed facilities and an additional $373 million in uncommitted accordion comprising eight financial institutions and one institutional fund. Maincubes, which DTCP and Art-Invest Real Estate support, announced that the new lending facility will be used to "further accelerate its sustainable expansion plan" in order to become a "major European data center operator." The debt advisory team of Perella Weinberg Partners and Allen & Overy (A&O) advised Maincubes. Hogan Lovells provided counsel to the financing consortium. 

Allen & Overy stated that the funding used a "tailored framework" for the advantage of Maincubes' development roadmap in Germany and the Netherlands, with the possibility of expansion to additional European states. Maincubes, founded in 2012 and a subsidiary of the German construction company Zech Group through its Art-Invest fund, runs the FRA01 data center in Frankfurt and another in Amsterdam. In 2015, Keppel DC REIT bought an unbuilt Maincubes data center in Offenbach, Germany, near Frankfurt. The business broke ground on an additional Frankfurt site in July 2022 and announced plans for a third Frankfurt location and its first Berlin facility in the same year.