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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 Amber Infrastructure Group acquires majority stake in iseek
Amber Infrastructure Group acquires majority stake in iseek
June 18, 2021

Amber Infrastructure Group acquires majority stake in iseek

iseek Communications

Amber Infrastructure Group has acquired the majority stake in iseek, an Australian data center Company. Amber Infrastructure Group is an investment management firm, while iseek offers cloud and connectivity services from five data centers in Australia. Acquiring the major stake in iseek shows ...

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Read OVHcloud to go public by end of 2021
OVHcloud to go public by end of 2021
June 16, 2021

OVHcloud to go public by end of 2021

OVH Group

OVHcloud has officially confirmed that it would be going public on the Euronext stock exchange. Although OVHcloud hasn’t confirmed the date, but it will happen before the year runs out. Also, it did not say how much it expects to raise through the IPO, but it said the founder’s family, Octave...

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Read Equinix partners with GIC to invest additional $3.9 billion in its Hyperscale Program
Equinix partners with GIC to invest additional $3.9 billion in its Hyperscale Program
June 15, 2021

Equinix partners with GIC to invest additional $3.9 billion in its Hyperscale Program

Equinix

Equinix has announced that it has signed agreements for additional joint ventures with GIC, Singapore's sovereign wealth fund, which will add $3.9 billion to expand its data center program.The agreements come in the form of limited liability partnerships with GIC. The close, which is expected...

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Read Principal Real Estate raises over half a billion for first dedicated US data center fund
Principal Real Estate raises over half a billion for first dedicated US data center fund
June 10, 2021

Principal Real Estate raises over half a billion for first dedicated US data center fund

United States

Principal Real Estate has announced that it has secured over half a billion dollars for its US data center fund, following the final investor close on 30 April. The $533 million comes from a total of 15 limited partners, including insurance companies, wealth managers, endowments, and foundatio...

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Read MIS's data center fund to start within six months
MIS's data center fund to start within six months
June 10, 2021

MIS's data center fund to start within six months

Saudi Arabia

Al Moammar Information Systems Co. (MIS) announced that it expects its data fund to commence development within the next six months. The fund will go towards the development, ownership and operation of data centers across Saudi Arabia. This follows MIS signing a Memorandum of Understanding (Mo...

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Read D9 Infrastructure raises £175 million for digital infrastructure acquisitions
D9 Infrastructure raises £175 million for digital infrastructure acquisitions
June 10, 2021

D9 Infrastructure raises £175 million for digital infrastructure acquisitions

United Kingdom

Digital 9 Infrastructure, a UK investment trust, has raised £175 million ($246.7 million). The Company initially offered an offering to raise £100 million through new ordinary shares. However, it was oversubscribed, and it raised a total of £175 million ($246.7 million). The Company says it p...

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Read Switch raises $500 million in senior notes to fund the Data Foundry acquisition
Switch raises $500 million in senior notes to fund the Data Foundry acquisition
June 02, 2021

Switch raises $500 million in senior notes to fund the Data Foundry acquisition

Switch

Switch will borrow $500 million to pay for its recent acquisition of Data Foundry for $420 million. Switch will be borrowing $500 million in senior notes. Senior notes are less risky, and the lender gets to pay lower interest. However, senior notes are a priority over other types of debt. Thi...

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Read Telia Company's divestment of Telia Carrier completed
Telia Company's divestment of Telia Carrier completed
June 01, 2021

Telia Company's divestment of Telia Carrier completed

Telia Company

STOCKHOLM, June 1, 2021 /PRNewswire/ -- Telia Company has today completed the divestment of Telia Carrier to Polhem Infra as all conditions, including regulatory approvals, have been met. On October 6, 2020, Telia Company announced the divestment of its subsidiary Telia Carrier to Polhem Infr...

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Read eStruxture raises $600 Million CDN
eStruxture raises $600 Million CDN
May 05, 2021

eStruxture raises $600 Million CDN

eStruxture

eStruxture just announced that it had secured over $600 million CDN in incremental equity from major financial institutions. eStruxture will use part of the sum secured to fund the acquisition of all Aptum’s Canadian data center business which was recently finalized. The funds will also help e...

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Read Equinix prices $2.6 billion "Green" Bond Sale
Equinix prices $2.6 billion "Green" Bond Sale
May 04, 2021

Equinix prices $2.6 billion "Green" Bond Sale

Equinix

Equinix has announced that it priced $2.6 billion principal amount of notes, including $1.0 billion of green bonds in its third green bond offering. The green bonds will be used to help advance the company's longstanding commitment to sustainability leadership and reducing its environmental im...

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Read IPI Partners Closes Second Data Center Fund at $3.8 Billion
IPI Partners Closes Second Data Center Fund at $3.8 Billion
April 14, 2021

IPI Partners Closes Second Data Center Fund at $3.8 Billion

IPI Partners

IPI Partners have announced the final closing of IPI Partners II at $3.8 billion. The funds raised, which is IPI’s second, attracted more than the target, which shows the company has robust support from investors. Matt A’Hearn, Partner at IPI, said the fundraising for IPI II was a tremendous s...

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Read PRINCETON DIGITAL GROUP Secures $230 Million Financing, Charts Out $1 Billion Expansion in China (PR)
PRINCETON DIGITAL GROUP Secures $230 Million Financing, Charts Out $1 Billion Expansion in China (PR)
April 13, 2021

PRINCETON DIGITAL GROUP Secures $230 Million Financing, Charts Out $1 Billion Expansion in China (PR)

Princeton Digital Group

Continued progress against an aggressive 300MW expansion plan Confirms completion of fully contracted 42MW Shanghai data center campus Largest international partner to domestic and international hyperscaler customers in China SINGAPORE & SHANGHAI--(BUSINESS WIRE)--Singapore-based Princet...

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Read DC BLOX secures $187 million in Financing
DC BLOX secures $187 million in Financing
March 30, 2021

DC BLOX secures $187 million in Financing

DC BLOX

DC BLOX has announced that they have secured $187 million for long-term financing of their operations. The funding was led by Post Road Group and Bain Capital Credit. Kevin O’Donnell, the Chief Financial Officer of DC BLOX, commented that the capital raised would support the growth of the Comp...

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Read STACK INFRASTRUCTURE Raises $400 million in Another Round of Structured Debt Financing
STACK INFRASTRUCTURE Raises $400 million in Another Round of Structured Debt Financing
March 19, 2021

STACK INFRASTRUCTURE Raises $400 million in Another Round of Structured Debt Financing

STACK INFRASTRUCTURE

STACK INFRASTRUCTURE has lined up another large round of financing. The Data Center operator has borrowed $400 million through the sale of securitized notes, the latest in four transactions that have raised $1.8 billion to build more data centers.Last September STACK raised $325 million in sec...

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Read DataBank issues $658M of Secured Notes
DataBank issues $658M of Secured Notes
March 12, 2021

DataBank issues $658M of Secured Notes

DataBank

Colocation provider DataBank will issue $658 million of secured notes. The new securitization notes will refinance DataBank's existing credit facility. This securitization and refinancing of previous loans adds more than $200M in liquidity to DataBank's balance sheet, providing funding for gen...

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Read Vantage Raises an additional 1.25 Billion in Equity Capital from Digital Colony
Vantage Raises an additional 1.25 Billion in Equity Capital from Digital Colony
November 19, 2020

Vantage Raises an additional 1.25 Billion in Equity Capital from Digital Colony

Vantage Data Centers

DENVER (November 19, 2020) – Vantage Data Centers, a leading global provider of hyperscale data center campuses, today announced that it has raised US$1.25 billion in incremental equity capital from its existing investors, led by Digital Colony. This funding will be used to fuel ongoing expan...

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Read Vantage Data Centers Raises US$1.3 Billion in Securitized Notes to Accelerate North American Expansion
Vantage Data Centers Raises US$1.3 Billion in Securitized Notes to Accelerate North American Expansion
October 06, 2020

Vantage Data Centers Raises US$1.3 Billion in Securitized Notes to Accelerate North American Expansion

Vantage Data Centers

Company leverages favorable interest rates to reduce costs, extend debt maturity profile and fund expansion opportunities DENVER – Vantage Data Centers, a leading global provider of hyperscale data center campuses, today announced that the company raised US$1.3 billion in securitized notes. Th...

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Read Stonecourt Capital Acquires a Majority stake in 365 Data Centers
Stonecourt Capital Acquires a Majority stake in 365 Data Centers
October 06, 2020

Stonecourt Capital Acquires a Majority stake in 365 Data Centers

365 Data Centers

Private equity investor Stonecourt Capital has acquired a majority stake in 365 Data Centers. The original investors (Lumerity Capital and Longboard Advisors) have reinvested into 365. However, Chirisa Investments and Turning Rock Partners have exited as investors.365 Press Release is below: N...

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Read STACK closes an additional $325 Million in Debt Financing
STACK closes an additional $325 Million in Debt Financing
September 01, 2020

STACK closes an additional $325 Million in Debt Financing

STACK INFRASTRUCTURE

Denver-based Stack Infrastructure, a data center company, has closed a $325 million debt offering.  Stack also issued securitized notes in February and November of last year. Including the latest round, the company has so far raised a total of $1.4 billion to fuel its growth. Stack's Press Rel...

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Read EQT acquires EdgeConneX
EQT acquires EdgeConneX
August 19, 2020

EQT acquires EdgeConneX

EdgeConneX

The Swedish investment firm EQT AB has announced that it acquired the US-based colocation company EdgeConneX. EdgeConneX has a global footprint, operating over 40 facilities in 33 markets across North America, Europe and South America and continues to expand after being founded a decade ago.  ...

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