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Goldacre & Levinstein form joint venture to enter Middle Eastern data centre market

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Goldacre and the Levinstein Group have announced a joint venture to open a data centre in Tel Aviv, Israel.

The companies have secured a 13,500 sqm site in city of Netanya for the facility. The first phase of the development is scheduled to begin in summer 2023 and will see the construction of a 16 MW data centre.

This is the first site that will be operated by NED Data Centers, an Israeli data centre operator owned by Noé Group. Goldacre is the digital infrastructure arm of Noé Group, which is also an investor in UK-based Kao Data. The Levinstein Group is an Israeli engineering, construction and real estate listed public company.

Goldacre has said there are plans to develop a high tech 35,000 sqm science and research development campus alongside the data centre.

David Bloom, Founder of Goldacre, said, “This is huge moment for both Goldacre and NED, having signed the deal on this site which is set to transform the Israeli data centre industry further and ensure we are a key part of this rapidly growing industry. It was clear to see the potential for innovation in Netanya, and we are pleased to work with our latest data centre platform NED and leading Israeli company, Levinstein, to bring our knowledge, gained through our work at Kao Data, to further develop the sector.”

Daniel Efrati, CEO of NED Data Centres, added, “We are delighted to announce the signing of the first deal for the NED platform, set to bring a new data centre and with-it new jobs and investment to the already booming tech industry in Israel.

“As the demand for data centres grows each year, we are committed to being part of the driving force meeting, and exceeding, these demands. This is a significant project, set to be delivered to the highest standards through our backing from Goldacre and partnership with Levinstein, and we are looking forward to combining our innovation with their knowledge in the reality of bringing a data centre to life.”

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