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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 Telefónica Announces €1 Billion Sustainability-Linked Senior Bond
May 30, 2022

Telefónica Announces €1 Billion Sustainability-Linked Senior Bond

Telefonica

Telefonica has announced that it has issued its first senior sustainable bond. The bond will be used to sponsor sustainability initiatives and projects. The nine-year bond amounts to €1 billion ($1.06 billion). Telefonica saw immense success with the bond as it was over subscribed by more t...

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Read Ark Data Centres Secures £700 million Sustainability-Linked Loan
Ark Data Centres Secures £700 million Sustainability-Linked Loan
April 22, 2022

Ark Data Centres Secures £700 million Sustainability-Linked Loan

Ark Data Centres (UK)

Ark Data Centres has announced that it has secured a loan of £700 million ($902m). The UK data center firm plans to use the funds to refinance an existing credit facility and partially expand its data center campuses. The loan was structured by ING. Lloyds, ABN Amro, Crédit Agricole CIB, No...

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Read Indonesia's Edge DC Secures Funding For Expansion
April 01, 2022

Indonesia's Edge DC Secures Funding For Expansion

Indonesia

Edge DC of Indonesia has announced that it secured credit facilities with PT Bank Central Asia Tbk. The company aims to use the funds to expand its business. It secured working capital loans worth IDR 100 billion ($7m) and credit facilities worth IDR 2.7 trillion ($188m). The company currently...

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Read Pioneer Point Partners Closes €575 million ($640.9m) Fund
March 04, 2022

Pioneer Point Partners Closes €575 million ($640.9m) Fund

United Kingdom

Pioneer Point Partners LLP has announced that it closed its maiden institutional fund. The fund is worth €575 million ($640.9m). The fund exceeded the company’s initial target of €500 million ($557m). Pioneer Point Partners attracted investments from 15 North American and European institutiona...

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Read Argo Infrastructure Partners Invests $500m in TierPoint
Argo Infrastructure Partners Invests $500m in TierPoint
March 02, 2022

Argo Infrastructure Partners Invests $500m in TierPoint

TierPoint

TierPoint has announced that Argo Infrastructure Partners has invested $500 million into its business. The move sees Argo Infrastructure Partners become the largest single equity investor in the firm. TierPoint will use the net proceeds from the transaction to expand the company and provide...

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Read GDS Secures $620m For Expansion Through Convertible Notes
GDS Secures $620m For Expansion Through Convertible Notes
February 24, 2022

GDS Secures $620m For Expansion Through Convertible Notes

GDS Services Ltd

GDS Holdings has announced that it raised $620 million through convertible notes. The Chinese data center firm revealed that it entered into a deal to sell convertible senior notes worth $620 million to ST Telemedia Global Data Centres, Sequoia China Infrastructure Fund I (SCIF), and an Asi...

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Read Mubadala Leads Princeton Digital Group's $500m Equity Raising Round
Mubadala Leads Princeton Digital Group's $500m Equity Raising Round
February 23, 2022

Mubadala Leads Princeton Digital Group's $500m Equity Raising Round

Princeton Digital Group

Princeton Digital Group has announced that it raised a new round of equity led by Mubadala. Mubadala is the Abu Dhabi government’s arm, and it has put in $350 million in the equity round worth over $500 million. The round will fund PDG, which has 20 data centers across the APAC region with ...

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Read NxtGen To Raise $100m For Expansion in India
February 21, 2022

NxtGen To Raise $100m For Expansion in India

NxtGen Infinite Datacenter

According to The Business Standard, NxtGen Datacenter and Cloud Technologies want to raise $100 million. The company intends to use the money raised to fund an expansion spree in India. NxtGen is looking to develop 236 Edge facilities and 10 data centers across India. The company offers IT ser...

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Read Africa50 Invests $20m in PAIX Data Centres
Africa50 Invests $20m in PAIX Data Centres
February 17, 2022

Africa50 Invests $20m in PAIX Data Centres

PAIX

PAIX Data Centres has announced that investment vehicle, Africa50 has invested $20 million into its business. The funds raised signifies PAIX Data Center’s Series B financing by the investment firm. According to PAIX, the funds will be used to expand and grow into new markets. The CEO of PAIX ...

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Read Hotwon Group Plans To Raise $300 million To Fund Expansion
February 08, 2022

Hotwon Group Plans To Raise $300 million To Fund Expansion

China

According to Bloomberg, Hotwon Group is looking to raise up to $300 million in funding. The Chinese data center developer hopes to use the money raised to expand its footprint across the country. Once successful, Hotwon’s valuation will increase to $1.5 billion. Reports also show that the comp...

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Read Blackstone Makes a $250m Investment In Vnet
Blackstone Makes a $250m Investment In Vnet
February 01, 2022

Blackstone Makes a $250m Investment In Vnet

21Vianet

Chinese data center firm Vnet has announced that Blackstone has invested $250 million in the firm. Blackstone bought $250 million worth of convertible notes in Vnet. According to Vnet, it will be using the funds to develop and expand in China. The founder and executive Chairman of Vnet, Josh C...

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Read Dutch Data Center Firm Penta Infra Secures €75 million in Funding
Dutch Data Center Firm Penta Infra Secures €75 million in Funding
January 28, 2022

Dutch Data Center Firm Penta Infra Secures €75 million in Funding

Penta Infra

Penta Infra has announced that it has raised €75 million ($83.5m) in a financing deal tied to sustainability targets. Penta Infra is a Dutch data center firm with a focus on European data centers. It has facilities in Denmark, Germany, and the Netherlands. Penta owns 11 data centers across the...

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Read D9 Poised For Another Acquisition Spree After Raising Another £95m
D9 Poised For Another Acquisition Spree After Raising Another £95m
January 27, 2022

D9 Poised For Another Acquisition Spree After Raising Another £95m

Digital 9 Infrastructure

Digital 9 Infrastructure (D9) has announced that it has successfully raised another £95.2 million ($127.4m). It plans to use the money raised to finance its infrastructure acquisition run. D9 raised the finances through new Ordinary shares. The company has some digital infrastructures it is...

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Read IXcellerate Secures $190m In Funding
IXcellerate Secures $190m In Funding
January 26, 2022

IXcellerate Secures $190m In Funding

IXcellerate

IXcellerate announced this week that it has completed a new round of financing after raising $190 from existing and new investors. Some of the new investors include SberInvest, Mubadala Investment Company, and the Russian Direct Investment Fund. The company says the funds will be used to expan...

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Read GI Partners secures $390m refinancing for One Wilshire carrier hotel in LA
GI Partners secures $390m refinancing for One Wilshire carrier hotel in LA
January 21, 2022

GI Partners secures $390m refinancing for One Wilshire carrier hotel in LA

One Wilshire Building

JLL’s Capital Markets Group has announced that it has helped GI Partners refinance the One Wilshire carrier hotel in California. The group said it arranged a $390 million refinancing for One Wilshire’s 30-story, multi-tenant, 660,000 square foot data center and office building.  Executive ...

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Read Echelon Data Centres secures over $960m funding from Starwood Capital
Echelon Data Centres secures over $960m funding from Starwood Capital
January 14, 2022

Echelon Data Centres secures over $960m funding from Starwood Capital

Echelon Data Centres

Echelon Data Centres has announced a debt finance agreement with Starwood Capital Group. The agreement sees Echelon raise over €855 million ($969.8m). Echelon will use the funds to finance the completion of data centers on its four facilities in Ireland. The sites include DUB40, DUB20, DUB1...

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Read Vantage Data Centers secures $530 million in financing
Vantage Data Centers secures $530 million in financing
November 05, 2021

Vantage Data Centers secures $530 million in financing

Vantage Data Centers

Vantage Data Centers has announced that it has raised $530 million in securitized notes. The funds it raised would be used to refinance Vantage DC’s Variable Funding Note (VFN) facility. VFN was used to facilitate the purchase of CA22. Vantage Stabilized Data Centers, a joint venture Vantag...

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Read Dubai’s DAMAC Group buys stake in Ireland’s Dataplex
Dubai’s DAMAC Group buys stake in Ireland’s Dataplex
October 19, 2021

Dubai’s DAMAC Group buys stake in Ireland’s Dataplex

DataPlex Group

DAMAC Group has acquired a 45 percent stake in Dataplex Group Limited. The two companies will focus on brownfield projects that involve rebuilding existing structures. They will also focus on more significant greenfield projects while focusing on hyperscale and wholesale colocation customers. ...

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Read OVHcloud goes public
OVHcloud goes public
October 18, 2021

OVHcloud goes public

OVH Group

OVHcloud has finally been listed on the stock exchange in France. It went public on the Euronext Paris stock exchange. The company’s opening market capitalization was €3.48 billion ($4bn). It also raised €400 million ($469m). OVHcloud opened at €18.50 per share, dipped slightly, but its sha...

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Read Sustainable Finance: New way to address the environmental footprint of data centers
Sustainable Finance: New way to address the environmental footprint of data centers
September 27, 2021

Sustainable Finance: New way to address the environmental footprint of data centers

Aligned

Much has been said about how data centers adversely affect the environment. However, more data centers have begun to become 'Greener.' Besides, in order to leave a better environmental footprint, many data center companies are now spending more on green energy. Investors and data center fin...

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