Data campus to target global tech following new funding deal

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The development of a major new 700,000 sq ft 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 owners Lasercharm through a £9.25m, 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 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.

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 link source - Commercial News Media

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