Arthur Cox was pleased to advise Starwood Capital Group on a debt financing with Echelon Data Centres (“Echelon”), an Irish owned company committed to delivering cleanly powered and sustainable large scale data centre assets. The initial value of the transaction was EUR855 million and was one of the largest European development debt finance transactions in 2021. The funding advanced by Starwood Capital Group will facilitate the construction and completion of data centre facilities on Echelon’s four Irish sites in Clondalkin, Grangecastle and Wicklow.
The Arthur Cox Team was a multi department effort led by Finance partner Aiden Small, with the assistance of Eoin Hamill and Blánaid Corrigan (Finance); Simon Hannigan, Ann Coyle, Stephanie McGovern, Fiona McGowan-Smyth and Valentyna Chekanska (Real Estate); Michael Coyle and Ruth Donnellan (Corporate); Alex McLean and James Downey (Energy); Jacinta Conway and Elva Carbery (Planning); Karen Killoran and Maeve Crockett (Construction); Michael Twomey and Peter Woods (Litigation); Colin Rooney and Aoife McArdle (IPIT) and David Kilty (Tax).
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