Data Center News

Segro to develop new data centers after £900 million share issue

Property investor Segro has raised £900 million ($1.1 billion) in a share issue and intends to use this funds to develop its portfolio across the UK and Europe. The London-listed business had initially been hoping to raise £800 million ($1.01bn), but on Tuesday evening its directors said stron...

February 29, 2024

London

Swiss Life Asset Managers acquires major stake in Telecom Infrastructure Partners

Investment firm Swiss Life Asset Managers this week entered an agreement with London-based InfraBridge, an infrastructure investment management division of DigitalBridge Group, to acquire a co-controlling equity stake in Telecom Infrastructure Partners (TIP). Gianfranco Saladino, head of value...

January 10, 2024

London

Nokia to sell management businesses to Lumine Group

Finnish vendor Nokia has agreed to sell its device management and service management platform (SMP) businesses to Lumine Group. This deal, valued at €185 million is expected to close in the first quarter of next year, subject to approval.According to Nokia, Lumine "intends to operate DM and SM...

December 26, 2023

Finland

Verne Global introduces cooling liquid to underground Finnish facility

UK and Nordic provider Verne Global has added liquid cooling to its underground Finnish data center campus in conjunction with Dell and Intel. Verne is now offering direct liquid cooling (DLC) for systems installed in the Rock data center, which occupies ex-military tunnels in the bedrock at P...

December 01, 2023

Verne Global

Ardian purchases data center company Verne Global

French private equity firm Ardian just purchased data center company Verne Global from Digital 9 Infrastructure. D9 bought Verne for $320 million in 2021 and has since then acquired and merged Finnish data center firm Ficolo and London’s Volta Data Centres into the Verne brand. However, D9 had...

November 28, 2023

Verne Global

Ridge purchases UK data center consultancy Concert

Building consultancy Ridge recently acquired London-based Concert, a data center-focused consulting company, to boost its business in that sector. Both companies finalized this acquisition on November 3, but the terms of the transaction were not disclosed. Concert will operate under its curre...

November 18, 2023

London

ICG completes £125 million purchase of London DC portfolio

Asset management firm Intermediate Capital Group recently completed a £125 million purchase of offices and data center portfolio in London leased to UK telco Vodafone. The 260,000 square feet portfolio comprises five data centers which was initially acquired from British Land who announced the...

October 23, 2023

London

Thames Water considers restricting London data centers' water usage

Thames Water has announced that it is considering restricting data center water-use in London. The measure could reportedly include charging operators more at peak times and adding flow restrictors to pipes.Initially, the private utility undertook an assessment to get insight into how much wat...

July 27, 2023

London

Remov announces 7.2MW heat-sharing data center

Remov has announced it is set to begin work on the construction of a new 7.2MW data center. The facility will be powered entirely by renewable energy, have a power usage effectiveness (PUE) of 1.1, an "energy flow ratio" of 1.0, and will recover 96 percent of its waste heat. According to the c...

July 19, 2023

Finland

98MW data center facility planned outside Abbots Langley, Hertfordshire

Greystoke Land Ltd has applied to the Three Rivers District Council to demolish extant structures on a 33-hectare site north of Mansion House Farm through Bedmond Road in Abbots Langley to construct a data center campus. The company intends to construct two data center structures totaling up t...

July 05, 2023

London

Havering Friends of the Earth raise concerns over data center plans

Havering Friends of the Earth has voiced concerns over an application to build a data center on Green Belt land. Digital Reef is proposing a huge data center campus in East Havering, within a new 500-acre site, with 67% of the land dedicated to an "ecology park." The company has offered the co...

June 14, 2023

London

Verne Global receives $100m loan

Verne Global, an Icelandic data center company, received a $100 million loan. This week, the board of directors of Digital 9 Infrastructure announced that the business had inked a new $100 million green term loan debt financing for Verne Global Iceland, along with a $50 million accordion provi...

June 06, 2023

Verne: Keflavik Campus

Akamai Technologies Will Purchase Ondat, a Cloud Storage Company

Akamai Technologies, an American provider of content delivery services, and Ondat, a provider of cloud storage, have signed a binding agreement. The transaction is anticipated to occur in the first quarter of 2023, and Akamai anticipates no major changes to its annual financial forecast. The a...

March 21, 2023

London

LUMI Data Center awarded 'Green Data Centre of the Year'

At the recent Data Center World awards, the LUMI data center was awarded the Green Data Centre of the Year for its sustainability focus. The award was introduced to recognize the efforts made to reduce emissions and demonstrate a life cycle approach of recycling and reuse within the sector. Th...

March 16, 2023

Finland

LSEG Data Center Hosts TNS Trading & Market Data Systems

The trading and market data systems of its clients are being transferred from the Main Data Center, which is now in the City of London, to the new London Stock Exchange Group (LSEG) Data Center, which is located close to the Docklands. After securing considerable infrastructure capacity in the...

March 01, 2023

London

Transaction Network Services Moves to New LSE Data Facility

The new London Stock Exchange Group (LSEG) data center is now home to a number of clients of Transaction Network Services (TNS). TNS was compelled to move after LSEG declared that its present City of London data center would be shut down. The brand-new colocation facility in Docklands still...

March 01, 2023

London

Plans For a Three-story Data Facility in Loughton, Northeast London

A 185,150-square-foot data center is projected for northeast London. Alandale Scaffolding has applied to Epping Forest District Council for permission to construct a new center in Loughton, close to the Debden station, as first revealed by EssexLive. The company intends to construct a three-st...

February 23, 2023

London

Hyperco To Develop two 50MW Facilities in Helsinki, Finland

Hyperco has announced its plan to expand its data center presence in New Zealand with two new data center campus developments. The Nordic data center company said it would develop the facilities in Helsinki, Finland, with each having an initial capacity of 50MW. The company did not reveal t...

December 14, 2022

Helsinki

600MW data center campus on East London's green belt in Havering met with opposition

Leading environmental group CPRE has argued that Digital Reef's plans to build Europe's "largest data center" will cause "massive environmental damage" and has vowed to fight its development. As previously covered by Baxtel, the £5.3 billion ($5.97bn) project is to be built on land in North Oc...

November 21, 2022

London

Reef Group plans 600MW data center outside London

According to Havering Council, it is negotiating with a private sector developer, Digital Reef, to build a huge data center campus in the eastern London Borough of Havering. The London Data Freeport project would reportedly be 'Europe's largest data center' sitting on a site of 175 hectares. C...

November 08, 2022

London

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