DLA Piper Advised on EUR340 Million Investment into Innovation Campus

DLA Piper Advised on EUR340 Million Investment into Innovation Campus

Global law firm DLA Piper advised Astra Partners, a specialist investor and developer in the datacentre market, on receiving a EUR340 million financing facility to fund the development of a datacentre in Kildare, Ireland.

The funds, provided by the global alternative investment manager, Ares Management, will enable Astra to further develop the Kildare Innovation Campus. The first phase of the project will kick-start a development that aims to offer significant capacity for cloud providers, enterprises, and data intensive workloads, addressing Europe’s growing need for secure, resilient digital infrastructure.

Ares Management is a global alternative investment manager, focused on credit, real estate, private equity, and infrastructure asset classes. The firm has over USD595 billion AUM and has over 60 offices worldwide.

Commenting on the transaction, Toby Barker said: “This financing will allow Astra to continue its development of a leading datacentre campus for the benefit of its clients and businesses operating in Ireland and across Europe. The investment from Ares Management is a sign of investor appetite for digital infrastructure. The successful provision of this financing is another example of how our cross-border teams are able to provide seamless advice on complex financing structures in the rapidly expanding area of datacentre investment and development.”

Lars Jessen added: “This is a landmark step in Astra Partners’ growth and development and it is fantastic that DLA Piper have supported Astra Partners throughout their journey so far.”

The multidisciplinary cross-border team from DLA Piper’s offices in the UK, Ireland, Luxembourg and Singapore was led by Toby Barker (Partner/ Finance). He was supported by Xavier Guzman (Partner/ Finance) and Jared Green (Partner/ Finance), Michael Graham (Partner/ Tax), Melody Brunot (Partner/ Corporate) and Lars Jessen (Partner/ Corporate), Wei Hong Wong (Of Counsel/ Finance), Audrey Mucciante (Counsel/ Finance), Gemma Rooney (Legal Directo/ Finance), Wing Tang (Senior Associate/ Finance), Fanny Denoel-Otieno (Senior Associate/ Finance), Paul Eglington (Senior Associate/ Tax), Clarice Chung (Associate/ Finance) and Saleh El Rizz (Associate/ Finance), Joanna Kass (Trainee Solicitor/ Finance) and Mikhal Gupta (Solicitor Apprentice/ Finance).

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