Data Center News

Vantage Raises an Additional $675 Million in Debt and Equity Financing

Vantage Data Centers

Vantage has raised $675 million for expansion projects in the United States. The company also raised $225 million in December.  That's a lot of capital, however the company has many projects in the works, including: Acquired 4Degrees and entered the Montreal market in December Building a secon...

AirTrunk raises $621m for expansion

AirTrunk

Singapore-based AirTrunk announced that it has successfully completed an AU$850 million (US$621m) financing round to fund a major expansion of its Australian data centers in Sydney and Melbourne, as well as across key Asia-Pacific markets. Deutsche Bank is the underwriter for the new financing ro...

Iron Mountain completes it $1.3 billion acquisition of IO Data Centers

Iron Mountain

Iron Mountain Inc. completed its acquisition of the U.S. operations of Phoenix-based IO Data Centers LLC on Wednesday. Iron Mountain (NYSE: IRM), the Boston-based storage and information management services company, bought IO for $1.34 billion. Iron Mountain announced the acquisition Dec. 11. ...

400 N Tampa sells for almost $80M

WOW! Tampa

Park Tower, at 400 N. Tampa St., has been sold to City Office REIT for $79.75 million.  The seller was New York-based Sterling American Property Inc., which paid $50 million for the tower in 2006. The 36-story Park Tower was built in 1973, according to property records. Sterling has recently c...

Microsoft's AI bet reflected in massive increase in Finance Lease commitments

Microsoft's ambitious AI strategy is becoming increasingly evident through its finance lease commitments for data centers. The tech giant's recent financial disclosures reveal a staggering $108.4 billion in finance leases that have not yet commenced, a figure that has grown by nearly $100 bill...