.jpg "Datacentre hyperscaler Pure DC secures .7bn to expand in Europe and Middle East")
Pure Data Centres Group (Pure DC), which builds large-scale data centres in areas where land and power are in short supply, has announced it has secured $2.7 billion in financing.
The company said it will use the funding to expand across Europe and the Middle East to meet growing demand for hyperscale cloud and AI infrastructure.
The financing package includes a $2.15 billion facility secured against the company’s Dublin and Amsterdam centres, alongside an increase in its corporate-level financing facility to $550 million.
Investors taking part in the funding round include SMBC, ABN AMRO and Allianz Global Investors.
Pure DC said the $2.15 billion facility was successfully syndicated within three months, reflecting strong investor appetite for hyperscale data centre assets and AI infrastructure developments.
It added that the financing will support ongoing projects at the company’s Dublin and Amsterdam campuses, with the Amsterdam facility already fully leased and under construction.
The Dublin facility is also Europe’s first data centre microgrid that is carbon neutral, according to the company. Located in Ballycoolin, the site is designed to deliver up to 150MW of IT capacity, with 54MW currently permitted.
The company said it is positioning itself to capitalise on surging demand for AI inferencing infrastructure, particularly cities such as London, Frankfurt, and Paris, by offering additional capacity for AI providers.
Another region where the company expects an increase in demand the Middle East, where Pure DC said governments and enterprises are continuing to invest heavily in digital transformation and AI initiatives.
Mike Schwartz, chief financial officer at Pure DC, said the financing will give the company the flexibility to act decisively as new opportunities present themselves.
“Over the past 12 months, we have materially strengthened and diversified our financing platform, bringing in high-quality institutional partners and increasing available capital,” he added. “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.”
