10.17.24 | This week we recognized 5 capital-related transactions with a disclosed value of $15.7 Billion USD.
Additionally, we recognized 3 leadership changes within the industry.
- Bellway Appoints New CFO from Irish Housebuilder Cairn Homes
- Fusion Appoints Chief Investment Officer
- IRG Names Seasoned Executives to Key Leadership Roles
Summary of Transaction Headlines
DatacenterDynamics | “US Companies to Invest £6.3 Billion ($8.2 Billion USD) in UK Data Centers”
Four US-based companies are set to invest £6.3 Billion ($8.22 Billion) in UK data center infrastructure. The planned investments from Cloud HQ, CyrusOne, CoreWeave, and ServiceNow were announced as part of the UK government’s investment summit, taking place in London today. Technology secretary Peter Kyle described the investments as “a vote of confidence in Britain.”
Business Wire | “Crusoe, Blue Owl Capital, and Primary Digital Infrastructure Enter $3.4 Billion Joint Venture for AI Data Center Development”
Crusoe Energy Systems (“Crusoe”), a vertically integrated AI infrastructure company; Blue Owl Capital (“Blue Owl”), a leading alternative asset manager; and Primary Digital Infrastructure, an advisory and investor firm focused on the data center industry, announced a $3.4 Billion joint venture to fund purpose-built data center capacity at the previously announced Lancium Clean Campus in Abilene, Texas. Under the terms of the fully funded forward takeout, funds managed by Blue Owl’s Real Estate platform and Primary Digital Infrastructure will jointly sponsor the 206 MW, 998,000 square foot data center being designed, built, and operated by Crusoe.
Bisnow | “DataBank Raises $2 Billion to Accelerate U.S. Data Center Expansion”
Data center developer DataBank has completed a $2 Billion equity raise, led by a $1.5 Billion investment from pension fund AustralianSuper. The capital raise will fund the build-out of more than 850 megawatts of data center capacity in the U.S., Dallas-based DataBank. AustralianSuper, the largest pension fund in Australia, will become a significant minority owner of DataBank and will join the firm’s Board of Directors.
Mingtiandi | “Hillhouse Announces $1.1 Billion Buyout Offer for Japan’s Samty Holdings”
Hillhouse Investment Management, together with its Rava Partners real assets unit, announced a tender offer to buy out the common shares in Japanese developer Samty Holdings in a deal that values the company at JPY 169 Billion ($1.13 Billion USD). The tender offer, which is being supported by Samty’s board, values the company’s shares at JPY 3,300 each and aims to take the developer private, according to a joint statement by Hillhouse and Rava.
PR Newswire | “Grosvenor Closes Joint-Venture Partnership for C$1.5 Billion (USD 1.0 Billion) Mixed-use Residential Project in Metro Vancouver”
Grosvenor, an international property owner and developer with a 70+ year track record in North America, announces that it has established a joint venture for phase one of its master-planned development in Metro Vancouver called Brentwood Block. Grosvenor is partnering with a Canadian pension fund and BC-based family office, Westerkirk Capital Inc., for the C$1.5 Billion ($1.0 Billion USD) first phase of the 7.9-acre masterplan in Burnaby’s rapidly evolving Brentwood neighborhood.
Housing Today | “Bellway Appoints New CFO from Irish Housebuilder Cairn Homes”
Bellway has appointed Shane Doherty as its new Chief Financial Officer. The £3.4 Billion ($4.4 Billion USD) turnover housebuilder announced that Doherty will join the company in December, leaving his current role as Chief Financial Officer at Dublin-based housebuilder Cairn Homes. Doherty has also held senior finance roles at recruiter Morgan McKinley and sports betting firm Flutter Entertainment.
PBSA News | “Fusion Appoints Chief Investment Officer”
Fusion Group, one of the UK’s largest purpose-built student accommodations (PBSA) developers and operators, has appointed Daniel Harris as Chief Investment Officer to support its continued growth. Daniel joins from Cain International, the alternative asset manager specializing in real estate investment solutions, where he was a Senior Managing Director and Head of European Investments.
PR Newswire | “IRG Names Seasoned Executives to Key Leadership Roles”
Industrial Realty Group, LLC (IRG), a national leader in industrial redevelopment and adaptive reuse, announced today the promotion of several key positions within the Executive team. Justin Lichter has been promoted to Chief Investment Officer. Peter Goffstein and Coby Holley will assume the roles of Executive Vice Presidents.
Large Platform Events | Issue 26.16
Large Platform Events | Issue 26.15
