Data Centers

Advising at critical inflection points

Data center and digital infrastructure decisions increasingly shape our clients’ broader business strategy. Choices around where to build, how to secure power, who controls operations, and how risk is allocated directly impact speed to market, scalability, and long term returns.

We support you at the moments that matter most – when capital is deployed, platforms are scaled, hyperscale tenants are secured, and exit strategies are defined, often simultaneously. Our work spans platform acquisitions and exits, large scale development, structured debt and capital markets transactions, GPU and technology infrastructure arrangements, and the operational frameworks needed to sustain performance at scale.

Integrated execution across the lifecycle

We bring together real estate, corporate, private equity, finance, tax, energy, regulatory, construction, litigation, and technology lawyers to deliver coordinated, execution focused advice. This early alignment helps you turn capital into viable projects – securing sites and entitlements, structuring power and infrastructure solutions, and negotiating the commercial and operational agreements that underpin resilient, financeable platforms.

Our team supports hyperscale, AI driven, colocation, and multi site campuses where power availability, regulatory scrutiny, construction delivery, and uptime requirements define success. Our work spans both transactional and operational needs, from joint ventures and financings to utility and interconnection agreements, EPC and design build contracts, equipment procurement, service level arrangements, and long term leasing.

Through our integrated global platform, we help you navigate jurisdictions and asset classes – whether deploying capital, expanding internationally, partnering with hyperscalers, or preparing assets for financing, recapitalization, or disposition. The result is practical, commercially aligned advice that helps you build, scale, operate, and monetize digital infrastructure strategically.

M&A, strategic investments, and exits

• Advising AirTrunk on its landmark AUD 24 billion sale to Blackstone – the largest transaction in Australia in 2024.
• Advising Azrieli Group on the NOK 7.6 billion (EUR 720 million) acquisition of leading Norway-based data center operator Green Mountain.
• Advising a private equity sponsor on the acquisition of a 65 percent interest in two data center properties in Illinois, valued at USD 990 million.

Hyperscale and large-scale data center development

• Advising a leading global investment firm on the aspects (including all real estate matters) of its USD 7 billion joint venture with Digital Realty to develop four hyperscale data center campuses across three metro areas on two continents, in Frankfurt, Paris, and Northern Virginia.
• Advising on a strategic data center joint venture in the Middle East with a leading regional telecommunications provider, involving the development of multiple data centers with total capacity of up to 1GW, valued at up to USD 10 billion.
• Advising CyrusOne on the acquisition, development, construction, financing, leasing and operation of hyperscale and colocation data center projects across the UK, Germany, Italy and Spain.
• Advising Echelon Data Centres on its strategic partnership with Iberdrola to develop and power large-scale data center infrastructure in Spain, including the delivery of power solutions supporting hyperscale development.
• Advising a leading global data center operator on its European expansion, including site acquisition projects across multiple jurisdictions, and providing support on key hyperscaler leasing arrangements. Also advised on numerous transactions in the United States.

Joint ventures, platforms, and strategic partnerships

• Advising MEAG/Infranity/DigitalBridge Consortium/Vantage Data Centers on the formation of a EUR 2.5 billion investment partnership with Vantage Data Centers, a leading global provider of hyperscale data center campuses.
• Advising an institutional data center investor on its USD 500 million platform joint venture with a European pension fund to develop data centers in the United States.
• Advising CtrlS Data Centers (leading India- and Asia-based data center operator) on their strategic collaboration and commercial partnership arrangement to upgrade and operate a large data center facility in the United Arab Emirates with Moro Hub (a subsidiary of Digital DEWA – The Dubai Electricity and Water Authority).

Financing, capital markets, and structured debt

• Advising sponsors on the USD 615 million project financing of a data center campus in Fredericksburg, Virginia, leased to a hyperscale tenant. The financing supported the development of a 160MW, one-million-square-foot powered shell housing four data centers, with coordinated zoning, infrastructure, and utility approvals to deliver critical capacity for hyperscale cloud and AI workloads.
• Advising Macquarie Technology Group on its AUD 450 million secured debt refinancing with a group of domestic and international lending institutions. The new debt facility is intended to support and fund the continued expansion of Macquarie Technology Group’s data center business, including the construction of its IC3 Super West Phase One data center.
• Advising a private data center investor and developer, Astra Partners, on the EUR 340 million development loan from Ares Management for a major Irish data center and technology campus.

AI, Graphics Processing Unit (GPU), and technology infrastructure transactions

• Advising a leading US tech business on a series of GPU and data center procurement, services, and financing arrangements valued in excess of USD 50 billion.
• Advising a leading Middle Eastern data center operator on GPU purchase arrangements with a US chip provider valued at approximately USD 11 billion, to enable AI data centers in the Middle East.

The European Commission has introduced new measures aimed at improving the energy efficiency, transparency and sustainability of data centres across the EU. The package includes a new sustainability rating and labelling scheme and a consultation on potential minimum performance standards.

Our latest briefing explores the key measures, regulatory timeline and practical implications for data centre operators, developers, investors and other stakeholders.