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Data campus to target global tech following new funding deal

Data campus to target global tech following new funding deal

Data CentresEuropeTop Stories

The development of a major new 700,000 square feet data centre campus in Sutton, Cambridgeshire, targeting the county’s cluster of global tech operators, has taken a major step forward after the site’s owners agreed a new funding package.

Sol Zakay’s privately owned property investment company, Topland Group, has agreed to refinance Camro Data Park on behalf of Lasercharm through a £9.25 million, two-year facility from its structured finance division. 

The 43-acre park has outline planning permission for a new data centre facility that would be among some of the biggest in the UK. 

Lasercharm will now seek detailed consent before marketing the site to a specialist developer, occupier-developer or cloud service provider during the term of this new loan. 

Located in the heart of the UK’s so-called ‘Golden Triangle’ – between Cambridge, Oxford and London – the site is ideally situated to capitalise on the thriving technology clusters based in the region, as well as providing large scale capacity for technology communities of interest. With the ever-increasing shortage of power in London, this location will prove to be a key data centre growth area.

The topography of the site and local climate conditions allows a data centre to operate efficiently with minimal use of energy for cooling systems. With ESG being a key consideration for all potential data centre occupiers, this efficiency will feed perfectly into the current design narrative.

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