Real estate investor BGO has made a €350m (£298m) equity investment in data centre developer Bulk Infrastructure.
The deal brings BGO’s total investment in Bulk since 2020 to more than €640m.
Bulk has three sites in Norway and Denmark, with its next centre under construction. “The latest investment by BGO will fuel our ambitions to shift the gravity for global and European large data loads to the cold and sustainable North,” said Peder Naerboe, Bulk’s founder and executive chairman.
“We are seeing urgent demand for modern, large-scale AI-ready data centres from existing and new customers.”
Photo by Christina Morillo/Pexels
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