View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. Uncategorized
November 30, 2009updated 12 Apr 2017 4:29pm

Lombard wins major data centre deal

Lombard has scooped a multi-million pound deal to finance equipment for one of Europes largest data centre facilities. The lessor will finance infrastructure equipment which will be used to fit out data halls inside the 75,000 metre facility in Newport, Wales. Lombards customer in the deal, Next Generation Data Europe (NGD), which has also secured funding for the £200 million from the Welsh Government Assembly, hopes the project will create 100 new jobs.

By Brendan Malkin

Lombard has scooped a multi-million pound deal to finance equipment for one of Europe’s largest data centre facilities.

The lessor will finance infrastructure equipment which will be used to fit out data halls inside the 75,000 metre facility in Newport, Wales.

Lombard’s customer in the deal, Next Generation Data Europe (NGD), which has also secured funding for the £200 million from the Welsh Government Assembly, hopes the project will create 100 new jobs.

“We have always enjoyed a strong and supportive relationship with the Welsh Assembly Government, but to have earned the additional backing of Lombard is indicative of the bank’s confidence in our business fulfilling its considerable potential,” said Simon Taylor, chairman of NGD Europe.

He added: “In a very tough economic climate we are delighted to have won the support of Lombard which is absolutely critical to making this huge project possible.”

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Thursday. The leasing industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Leasing Life