Pure Data Centres Group has become the latest data centre firm to pick up serious investment, with the firm securing $2.7 billion in financing.
The investment comes as the firm looks to accelerate the development of hyperscale and AI-ready data centre infrastructure across Europe and the Middle East. The overall package includes a $2.15 billion facility secured against the company’s Dublin and Amsterdam campuses, alongside an increase in its corporate-level financing facility to $550 million.
The $2.15 billion facility was syndicated within three months and includes financial institutions such as SMBC, ABN AMRO and Allianz. Pure DC says the funding will support the delivery of its Dublin and Amsterdam developments, with construction already underway at the Amsterdam campus, which is fully leased.
The Dublin site, meanwhile, is located in Ballycoolin and is designed to deliver up to 150 MW of IT capacity, with 54 MW currently permitted. That site recently became home to Europe’s first data centre microgrid that is also carbon net-zero, with the company looking to develop the model further across the region.
Expanding beyond FLAP-D
Pure DC says the increased corporate-level facility will give it greater flexibility to invest in new opportunities across FLAP-D infill sites, as well as larger AI-scaled campuses across Europe and the Middle East.
The company is also placing particular emphasis on the Middle East, which it believes will become one of the defining growth markets for AI and hyperscale infrastructure over the next decade.
Gary Wojtaszek, Executive Chairman & interim CEO, Pure DC, commented, “Pure DC is rapidly positioning itself at the centre of Europe and the Middle East’s AI transformation, leveraging one of the region’s fastest-growing FLAP-D hyperscale platforms to deliver the next generation of AI inferencing infrastructure.
“The support we’re seeing from leading global financial institutions reflects that. This funding demonstrates strong market confidence in Pure’s leadership team and strategy”
Mike Schwartz, Chief Financial Officer, Pure DC, continued, “Over the past 12 months, we have materially strengthened and diversified our financing platform, bringing in high-quality institutional partners and increasing available capital.
“The successful syndication of the $2.15 billion facility and the expansion of our corporate facility demonstrate both the depth of market demand and the confidence lenders have in our assets, structure and strategy.
“Importantly, the combination of asset-level and corporate-level financing gives us the flexibility to accelerate investment across the business and act decisively as new opportunities arise.”
