Bulk Infrastructure announced a €350m equity investment by global real estate investment management firm BGO, and plans for over €1bn of investments by 2026 to accelerate its growth plans.
The investment brings BGO’s total equity investment in Bulk since 2020 to over €640m. Bulk intends to invest over €1bn of new capex by 2026 to grow the firm’s leading sustainable data centre platform in Europe. Bulk's expansion plans are now under-pinned by the enhanced involvement of BGO, which envisions a long-term leadership role for Bulk in Europe’s data centre industry. Bulk’s N01 Data Center Campus will have a power capacity of 400MW by 2026 from 100% renewable power, and with ambitions for 2000MW (2GW) in the medium-term.
Shifting loads to the cold and sustainable North
“The latest investment by BGO will fuel our ambitions to shift the gravity for global and European large data loads to the cold and sustainable North. We are seeing urgent demand for modern, large-scale AI-ready data centres from existing and new customers. BGO has been a reliable shareholder and partner to us since its first investment in 2020 enhancing our ability to deliver on our scalable, sustainable Nordic data centre platform,” said Peder Naerboe, Founder and Executive Chairman in Bulk.
“We are excited to announce this new investment enhancing our ability to deliver on a scalable platform, meeting the growing AI demand from large existing, and new customers both in Europe and globally. This enables us to significantly expand our capacity going forward, ensuring we deliver high-performance solutions that drives both customer success and our growth as a company. We appreciate the continuing trust from our renowned partner BGO,” said Jon Gravråk, CEO Bulk.
John Carrafiell, Co-CEO of BGO added: “BGO in Europe has long been at the forefront of modern, infrastructure-like industrial real estate investing, and an early mover in the sustainable data centre sector. Today’s announcement with Bulk Infrastructure reaffirms our steadfast commitment to pursuing growth in data infrastructure that will play a critical role serving the industries of tomorrow. Bulk’s range of industry-leading capabilities and technology, 100% green power, and its track record of successful delivery of modern, AI-ready data centres, is perfectly positioned to lead the way in this high growth sector. Going forward, BGO will continue to support Bulk and its management team with its expertise and capital to enable Bulk to realise the generational opportunities we see today for AI-ready, GPU-based data centres.”
