London, UK: One of the largest data centre bank financings ever completed in the UK has just closed, and the sheer scale of it signals how seriously global capital now takes Europe's digital infrastructure buildout. VIRTUS Data Centres, a pure-play data centre developer-operator and part of the STTGDC Group, has completed a €2.87bn financing package to fund the continued development and expansion of its data centres across the UK and Europe. Standard Chartered acted as Coordinator, Bookrunner, Senior Mandated Lead Arranger and Green Loan Coordinator, leading a consortium of banks behind the deal.
The package includes a €1.41bn green capex facility, structured across both term and revolving tranches to give VIRTUS flexibility as it scales. That capital will directly fund some of the most closely watched data centre developments currently underway in Europe, including the 78 MW, AI-ready Saunderton campus in Buckinghamshire, future investment in LONDON19 in Slough, and continued expansion across European markets.
"We are delighted to support VIRTUS on this transaction, building on a trusted long-term relationship. As digital infrastructure becomes increasingly critical to the global economy, we remain focused on providing the capital solutions our clients need to grow and succeed," said Shane Moore, Head of Commercial Real Estate, EMEA at Standard Chartered.
What deserves closer attention from investors and developers is the structure of this financing rather than its headline size alone. Roughly half the package is explicitly earmarked as green capex, available on flexible term and revolving structures rather than a single fixed drawdown, a design that lets VIRTUS match funding to development timing across multiple simultaneous projects instead of raising capital site by site. For developers competing for data centre land and power capacity across Europe, a financing structure this large and this flexible sets a new benchmark for what institutional lenders are now prepared to commit to operators with a proven delivery track record, potentially compressing the funding timeline advantage that previously separated the largest platforms from smaller entrants.
"This financing marks an important milestone for VIRTUS. It reflects the strength and stability of our existing portfolio, our track record of delivery and the opportunities ahead. The capital flexibility it provides will enable us to continue investing in high-quality data centre infrastructure and support our ongoing growth across the European market," said Adam Eaton, Chief Executive Officer at VIRTUS.
The transaction builds on Standard Chartered's existing relationship with VIRTUS, following the bank's support earlier this year for the company's Marienpark Data Centre Campus development in Berlin, reinforcing a pattern of repeat institutional financing backing VIRTUS' expansion across both UK and continental European markets.
People mentioned
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Shane Moore, Head of Commercial Real Estate, EMEA, Standard Chartered
- Adam Eaton, Chief Executive Officer, VIRTUS Data Centres
Companies mentioned
- VIRTUS Data Centres, data centre developer-operator receiving the €2.87bn financing package
- Standard Chartered, international bank leading the financing consortium
- STTGDC Group, parent group of VIRTUS Data Centres
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