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ICG-Longbow provides funding to a new network of UK data centre facilities

The lender has written an opening commitment of £25m to Proximity Data Centres
This new funding commitment will support Proximity in its strategic £80m rollout of internet edge data centres. Source: iStock
This new funding commitment will support Proximity in its strategic £80m rollout of internet edge data centres. Source: iStock
By Alicia Villegas
CoStar News
March 31, 2020 | 8:44 a.m.

ICG-Longbow, Intermediate Capital Group’s (ICG) real estate asset management division, has provided Proximity Data Centres an opening commitment in February of £25m from its £929m partnership capital fund, ICG-Longbow UK Real Estate Debt Investments V SCSP.

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News | ICG-Longbow provides funding to a new network of UK data centre facilities