DataVita lands £300m debt facility for AI data centres
What's the deal? DataVitaDealroom has a profile for this one. Try Dealroom → has secured a roughly £300 million debt facility to expand its existing DV1 data centre and build DV3 in North Lanarkshire's AI Growth Zone. The capacity of both sites is contracted to CoreWeave under a 15-year lease.
Who provided it? The lending syndicate includes INGDealroom has a profile for this one. Try Dealroom → as advisor and coordinator, ABN AMRODealroom has a profile for this one. Try Dealroom →, SantanderDealroom has a profile for this one. Try Dealroom →, the Scottish National Investment BankDealroom has a profile for this one. Try Dealroom → and Siemens Financial ServicesDealroom has a profile for this one. Try Dealroom →. The National Wealth FundDealroom has a profile for this one. Try Dealroom → provided a £202 million guarantee against £252.5 million of lending from ING, ABN AMRO and Santander.
Why it matters. The two developments are expected to create around 600 construction jobs and about 100 permanent high-skilled roles once completed. They are the first step in a larger planned campus intended to strengthen the UK's sovereign AI infrastructure.
Read more: DIGIT
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