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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 Strategic Capital Fund Management sets up Datasphere, new data center investment platform
Strategic Capital Fund Management sets up Datasphere, new data center investment platform
September 09, 2021

Strategic Capital Fund Management sets up Datasphere, new data center investment platform

Strategic Datasphere

Strategic Capital Fund Management is setting up Strategic Datasphere, LLC, a $1.5 billion data center investment platform. The investment firm said Strategic Datasphere would focus on acquiring, developing, and managing data center facilities across Europe and the US. It will also focus on sal...

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Read Aligned announces $1.35 billion in securitized notes under its Green Finance framework
Aligned announces $1.35 billion in securitized notes under its Green Finance framework
August 27, 2021

Aligned announces $1.35 billion in securitized notes under its Green Finance framework

Aligned

Aligned just announced $1.35 billion in securitized notes, which is issued under its new Green Finance Framework. The Company said the notes issued were the first-ever green data securitization as well as the largest ever inaugural data center securitization. Anubhav Raj, CFO of Aligned, sa...

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Read Data center merger and acquisition activities in Q2 of 2021
Data center merger and acquisition activities in Q2 of 2021
August 16, 2021

Data center merger and acquisition activities in Q2 of 2021

Mapletree Redwood Data Centre Trust

2021 has been an eventful year in the data center industry as we’ve seen some major merger and acquisition activities as these firms look to expand their capacities. We are going to shine the spotlight on the top five merger and acquisition activities in Q2 of 2021. We’ll be able to see wh...

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Read Hines raises $650m for investing in properties including data centers
Hines raises $650m for investing in properties including data centers
August 12, 2021

Hines raises $650m for investing in properties including data centers

Hines Interests

US-based Real estate firm Hines has raised $650m for a new fund targeting properties including data centers within the United States. The firm is also targeting industrial, multifamily, and other property types. Fund manager Adriana de Alcantara was quoted to have said the firm wants to inv...

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Read Piemonte Holdings to invest 600m reais ($116m) in data centers
Piemonte Holdings to invest 600m reais ($116m) in data centers
August 05, 2021

Piemonte Holdings to invest 600m reais ($116m) in data centers

Elea Data Centers

Piemonte Holdings, a Brazil-based firm, plans to invest 600m reais ($116m) in data centers throughout the rest of the year. The Rio de Janeiro-based firm says it will be expanding its existing data centers and buying new sites in Brazil in H2 of 2021. CEO of the firm, Alessandro Lombardi, says...

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Read KPN agrees €1 billion ($1.176bn) sustainability-linked credit facility
KPN agrees €1 billion ($1.176bn) sustainability-linked credit facility
August 04, 2021

KPN agrees €1 billion ($1.176bn) sustainability-linked credit facility

Netherlands

Dutch telco KPN has agreed to a €1 billion ($1.176bn) sustainability-linked loan. The loan is linked with some sustainability performance in the next few years. The credit facility will be linked to three sustainability objectives. The first one is reducing its energy consumption, the secon...

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Read Nabiax ties €320 million financing to environmental and social targets
Nabiax ties €320 million financing to environmental and social targets
August 04, 2021

Nabiax ties €320 million financing to environmental and social targets

Nabiax

Nabiax has announced that it has tied its project financing to sustainability goals. The data center firm announced that its €320 million ($379.5m) financing had been converted into a sustainable format. Valora will serve as the project’s sustainability consultant, while BBVA will be the susta...

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Read Aligned secures $250 million for sustainability and green growth plans
Aligned secures $250 million for sustainability and green growth plans
July 28, 2021

Aligned secures $250 million for sustainability and green growth plans

Aligned

Aligned has announced that it has secured $250 million in sustainability-linked financing, bringing its total to $1.25 billion. Last year, it became the first data center company to receive a sustainability-linked loan (SLL). These loans are linked to sustainability initiatives, and the inter...

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Read Largest Data Center Funding Deals In Q2 of 2021
Largest Data Center Funding Deals In Q2 of 2021
July 24, 2021

Largest Data Center Funding Deals In Q2 of 2021

GlobalConnect A / S

The data center industry is a multibillion-dollar industry. According to Gartner, end-user spending on data center infrastructure for 2020 was $188 billion, a 10.3% decrease from 2019’s spending. With these figures, we can reach a consensus that there’s a massive market available for data cent...

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Read QScale secures C$195 million ($155.2 million) funding for its large-scale data center campus
QScale secures C$195 million ($155.2 million) funding for its large-scale data center campus
July 21, 2021

QScale secures C$195 million ($155.2 million) funding for its large-scale data center campus

QScale

The Quebec Government, along with local private investors and Deszardins Capital, will invest a total of C$195 million ($155.2 million) in QScale, a Quebec-based data center firm. QScale first announced its plans to build a large-scale data center campus in Quebec in June. It said the data ...

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Read Azrieli Group acquires Green Mountain
Azrieli Group acquires Green Mountain
July 21, 2021

Azrieli Group acquires Green Mountain

Green Mountain AS

Azrieli Group, an Israeli real estate firm, has acquired 100% of Green Mountain, a Norwegian data center Company. The acquisition cost Azrieli NIS 2.8 billion ($849.2m). Azrieli noted that the acquisition would be self-financed, and it will be through debt raising and through an unsecured l...

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Read Sabey Data Centers issues $175 million in securitized notes
Sabey Data Centers issues $175 million in securitized notes
July 10, 2021

Sabey Data Centers issues $175 million in securitized notes

Sabey Data Centers

Sabey Data Centers announced that it has raised $175 million by issuing securitized notes at a coupon rate of 1.881%. By offering the notes at 1.881%, Sabey has set a record for the lowest new issue spread to benchmark rates. Also, Sabey Data Centers says it is the only data center issuer t...

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Read 3SIIF fund has €1 billion($1.9 billion) to spend, including on digital infrastructure
July 10, 2021

3SIIF fund has €1 billion($1.9 billion) to spend, including on digital infrastructure

Eastern Europe

The Three Seas Initiative Investment Fund (3SIIF), an investment fund backed by some state-owned banks, has over €1 billion ($1.9 billion) to spend in the Eastern Europe region, digital infrastructure inclusive. 3SIIF was established in 2019, and it focuses on investing in critical infrastr...

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Read Euronext is moving its data center infrastructure from London to Italy because of Brexit
Euronext is moving its data center infrastructure from London to Italy because of Brexit
June 30, 2021

Euronext is moving its data center infrastructure from London to Italy because of Brexit

Aruba Global Cloud IT3

Euronext, the largest stock exchange in Europe says it is moving its data center out of London to Italy because of Brexit. It says it made the decision because it needs a predictable regulatory environment which the UK can’t provide. Euronext initially moved its data center infrastructure from...

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Read CDH raises RNB 2 billion ($310 million) for a Chinese data center company
June 29, 2021

CDH raises RNB 2 billion ($310 million) for a Chinese data center company

China

CDH Investments has announced that it has raised RNB 2 billion ($310 million) for a domestic data center Company. CDH Investments is a Beijing-based firm, and the funds it raised are said to be the first domestic fund in China that’s focused on investing in data centers. Ye Tao, managing dire...

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Read GlobalConnect secures €2.7bn ($3.2 billion) debt refinancing
GlobalConnect secures €2.7bn ($3.2 billion) debt refinancing
June 28, 2021

GlobalConnect secures €2.7bn ($3.2 billion) debt refinancing

GlobalConnect A / S

GlobalConnect Group has announced that it has secured what it terms a ‘record debt refinancing’ worth €2.7 billion ($3.2 billion). A consortium of five Active Bookrunners, three Underwriters, and six Cornerstone Lenders coordinated by ING and SEB were responsible for the debt refinancing. The ...

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Read Princeton Digital Group considers $400m fundraising ahead of potential IPO
Princeton Digital Group considers $400m fundraising ahead of potential IPO
June 28, 2021

Princeton Digital Group considers $400m fundraising ahead of potential IPO

Princeton Digital Group

According to reports from Bloomberg, Princeton Digital Group wants to raise funds from investors to the tune of $400 million. Princeton Digital Group invests, develops, and operates data centers across Asia in countries like Singapore, China, Indonesia, and India. It also has 18 data centers i...

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Read Iron Mountain enters $178 million sale-leaseback deal with Intermediate Capital Group, and would use proceeds to invest in data centers
Iron Mountain enters $178 million sale-leaseback deal with Intermediate Capital Group, and would use proceeds to invest in data centers
June 26, 2021

Iron Mountain enters $178 million sale-leaseback deal with Intermediate Capital Group, and would use proceeds to invest in data centers

Iron Mountain

US Real Estate Investment Company Iron Mountain has announced that it sold five facilities in the greater London area to Intermediate Capital Group (ICG). The sale agreement also included a leaseback deal for the facilities. Iron Mountain will remain in the facilities for an initial 12 year pe...

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Read Macquarie Capital Partners with Prime Data Centers for potential $5 billion capital investment
Macquarie Capital Partners with Prime Data Centers for potential $5 billion capital investment
June 25, 2021

Macquarie Capital Partners with Prime Data Centers for potential $5 billion capital investment

Prime Data Centers

Macquarie Capital has entered into a partnership with Prime Data Centers. It also made an undisclosed equity investment in Prime data center. However, both Companies claim that the partnership will give way for capital investments of over $5 billion over the next ten years. Furthermore, the Co...

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Read Sabey secures $250 million refinancing deal for 375 Pearl Street
Sabey secures $250 million refinancing deal for 375 Pearl Street
June 20, 2021

Sabey secures $250 million refinancing deal for 375 Pearl Street

Sabey Intergate.Manhattan

Sabey has secured a $250 million refinancing deal for its office and data center at 375 Pearl Street, New York City. According to Commercial Observer, J.P. Morgan and Wells Fargo will be providing a $220 million, 10-year, fixed-rate CMBS loan and a further $30 million mezzanine debt. Sabey ...

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