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Planning consent secured by L&G, Goldacre, sineQN for $976m hyperscale data center investment in Newham, London
Investors - OCTOBER 23, 2024

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Planning consent secured by L&G, Goldacre, sineQN for $976m hyperscale data center investment in Newham, London

by Released

Legal & General, specialist digital infrastructure investment firm Goldacre and data center development partner sineQN announced that planning has been approved for a £750 million ($976 million) sustainable, urban hyperscale data center investment located in the London borough of Newham.

The development is expected to contribute £88 million ($114 million) to Newham’s gross value added, creating more than 1,000 skilled jobs during the construction and operation phases, and is targeted to attract 500 high-growth data businesses to the borough. The consortium brings together their digital infrastructure experience and expertise in this new and independent project.

The data center represents a significant investment and contribution to further regeneration in Newham, where L&G has already provided more than £550 million ($716 million) to the development of high-quality and multisectoral regeneration projects, delivering housing and public realm benefits as wel

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