IBI raising $200m digital infrastructure fund

1 of the very hot developments in revenue-generating actual estate is server farms, designed for computing and technological innovation giants these types of as Amazon, Microsoft, and Google. It really is a quickly-rising area very last year regional organization Azrieli Group just lately entered it with the acquisition of a server farm enterprise in Norway.

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IBI Expense Property is informed of the interest that the server farm small business is making, and its Volcano fund, owned jointly with Ziv Sapir, who serves as the fund’s handling spouse, has made a decision to established up a new fund aimed at boosting a least of $200 million. The income will be earmarked for acquisition of datacenters and comparable projects. The fund elevating round will get underway this August, and the fund defines its action as focusing on electronic infrastructure that is, aside from datacenters, finance for fifth generation cell networks.

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Volcano is a reasonably youthful credit card debt fund, set up in May perhaps past year. It has just lately finished the raising of NIS 1 billion for loans to big cash flow-making serious estate firms in the US for offices, warehouses, logistics facilities, residential clusters, and server farms.

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Published by Globes, Israel enterprise information – en.globes.co.il – on Could 26, 2022.

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© Copyright of Globes Publisher Itonut (1983) Ltd., 2022.

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