Data Center Investment News — 11/09/2026
September 11, 2026
Written by Angela Cáceres, Siddhi Pandit, Ensar Aljimi
Goodman Group gets green light for 135MW data center in northern Sydney, Australia
Goodman Group has secured planning approval from the NSW Department of Planning, Housing and Infrastructure for Project Apollo, a 135MW data centre at 4-10 Talavera Road in Macquarie Park, northern Sydney. The AU$1.4 billion (approximately US$1 billion) development, first submitted in 2024, will see two existing buildings on the site demolished to make way for a facility comprising eight data halls served by evaporative cooling towers, grid power, backup diesel generation and on-site lithium-ion battery storage. Once operational, the campus is expected to support around 60 permanent roles.
The approval marks another step in Goodman’s transition from a logistics and industrial landlord into a significant data centre developer. Project Apollo sits alongside a growing Sydney pipeline that includes sites in Guildford West, Mascot and Cove West, as well as a AU$1.1 billion project in Melbourne, underscoring how Australia’s major property groups are redeploying well-located urban land toward high-density digital infrastructure as hyperscale and AI demand continues to build in the region.
GLP begins development of 200MW data center in Foshan, China
Property investor GLP has broken ground on a 200MW data centre campus in Foshan, Guangdong Province, in partnership with an unnamed internet and cloud services company. The RMB 4 billion (US$600 million) project will open with a 40MW first phase featuring hybrid liquid and air cooling capable of supporting rack densities of up to 140kW, positioning the site squarely for AI training and inference workloads. GLP is using modular, prefabricated construction that it says can bring capacity online in as little as four months.
The Foshan project reflects GLP’s sharpened focus on the Chinese market following the 2024 sale of its international data centre business to Ares Management. Active in China’s data centre sector since 2018, GLP now counts 20 facilities either operational or under development with a combined 1.4GW of capacity. Gavin Shen, president of digital infrastructure at GLP China, framed the investment around AI, describing it as one of the most significant infrastructure opportunities of the coming decade, while the choice of a secondary market like Foshan points to the tightening land and power picture in Guangdong’s tier-one hubs.
Google pledges €13bn investment in digital infrastructure in Finland
Google has committed €13 billion (US$15.13 billion) to data centres and supporting infrastructure in Finland across 2027 and 2028, its largest single investment in Europe to date. The programme spans four locations, Hamina, Kajaani, Muhos and Vaala, building on land the company acquired in 2024 and 2026. Finland has been a Google data centre market since 2009, when it converted a former paper mill in Hamina into a seawater-cooled facility, and the new pledge dramatically scales that footprint.
The announcement pairs compute expansion with a substantial energy package, including a power purchase agreement with Fortum tied to the life extension of the Loviisa nuclear plant, two onshore wind projects developed by Valorem and Suomen Hyötytuuli, and a 94MW battery system near the Kajaani site. Ruth Porat, president and chief investment officer of Alphabet and Google, said the plan reflects a commitment to grow responsibly by matching new technical infrastructure with new energy capacity and grid enhancements. Google estimates the programme will generate around 16,000 construction jobs, 37,000 jobs in total and roughly 7,000 permanent positions once the sites are operational, a scale that Prime Minister Petteri Orpo welcomed as a vote of confidence in the Finnish economy.
MEEZA signs $274.8 million data centre deal with global hyperscaler
Qatar-based data centre operator MEEZA has signed a long-term leasing agreement worth more than QAR1 billion (US$274.8 million) with an unnamed global hyperscaler, covering 8MW of capacity. The contract is the largest in the company’s history and represents a significant validation of MEEZA’s build-out strategy as international cloud providers deepen their presence in the Gulf.
The deal lands against a backdrop of accelerating demand for AI-ready capacity across the Middle East, where sovereign digital ambitions and hyperscaler expansion are converging. MEEZA has been laying the financial groundwork for this growth, having separately secured a QAR1.6 billion facility to fund broader capacity expansion. For the wider market, the agreement signals that Qatar is increasingly viewed as a credible location for hyperscale deployment alongside the more established hubs in the UAE and Saudi Arabia.
Voltaris buys EPD to expand data centre power capabilities
Voltaris Power, a portfolio company of private equity firm Mill Point Capital, has acquired Electronic Power Design (EPD), a Houston-based provider of power distribution equipment and systems serving data centre, commercial and industrial customers. Financial terms were not disclosed. The company said the transaction will increase its engineering, manufacturing and production capacity for mission-critical power systems.
The acquisition is the latest in a steady run of consolidation across the data centre power supply chain, where equipment lead times and constrained manufacturing capacity have become a central bottleneck for developers racing to deliver AI campuses. By bringing EPD’s Houston production base in-house, Voltaris is positioning itself to capture a larger share of the switchgear and distribution scope on large-scale builds, a segment attracting growing private equity attention as power infrastructure becomes as strategic as the compute it supports.
Green Mountain signs neocloud to London data centre
Green Mountain has signed an undisclosed AI cloud provider to 14MW of capacity at its LON-East Campus in Romford, East London. The agreement accounts for a substantial share of the 37MW campus and marks a notable win for the Norwegian-headquartered operator as it builds out its UK platform beyond its Nordic heartland.
The deal is a further sign that neocloud providers, the new class of GPU-focused cloud companies serving AI training and inference demand, have become a primary source of leasing activity in London and other European metros. With power availability across Greater London remaining tight, operators with energised, near-term capacity in the east of the city are well placed to capture this demand, and Green Mountain’s success at Romford suggests the site is emerging as a meaningful node for AI workloads in the UK market.
