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Azrieli Group Secures Over €1 Billion in Financing for Norwegian Data Center Campus
Azrieli Group's Norwegian subsidiary has secured over €1 billion in financing for an 80-megawatt data center campus. The deal includes a €1.007 billion credit line for construction and allows Azrieli to recoup €260 million in invested equity.
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What happened
- 01Azrieli Group secured over €1 billion in financing for a Norwegian data center campus.
- 02The financing package includes a €1.007 billion credit line for construction.
- 03Azrieli expects to recoup €260 million in previously invested equity.
- 04The campus is being built for an international technology company.
- 05Project delivery is delayed to July 2027 due to client specification changes.
- 06Revenue generation from the campus will be postponed due to these changes.
The project, built for an international tech firm, will see its first delivery delayed to July 2027 due to client-requested specification changes. These changes will postpone the start of revenue generation from the campus.
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