At a glance
- The report describes it as one of the largest data-center bank financings completed in the United Kingdom to date.
- The committed total includes a £1.2 billion ($1.6 billion) green capex facility available through both term and revolving tranches, just under half the package.
- VIRTUS, a pure-play data-center developer-operator that is part of STTGDC Group, said the money supports its next phase of expansion.
VIRTUS Data Centres has secured a £2.45 billion ($3.2 billion) financing package from a consortium of 13 banks, according to IREI. The report describes it as one of the largest data-center bank financings completed in the United Kingdom to date.
The committed total includes a £1.2 billion ($1.6 billion) green capex facility available through both term and revolving tranches, just under half the package.
VIRTUS, a pure-play data-center developer-operator that is part of STTGDC Group, said the money supports its next phase of expansion.
The projects include the 78-megawatt, AI-ready Saunderton campus in Buckinghamshire, future investment in LONDON19 in Slough, and ongoing expansion across Europe.
Adam Eaton, VIRTUS's chief executive, said the financing "reflects the strength and stability of our existing portfolio, our track record of delivery and the opportunities ahead."
The report does not name the 13 lenders or disclose the security package, borrowing entities, margin, tenor, amortization, or loan-to-cost.
The green designation attaches to the £1.2 billion capex portion; the report does not set out the conditions, reporting or verification behind that label.
Reported by the Real estate debt desk from Institutional Real Estate, Inc. (IREI). Published . Corrections