Bulk Infrastructure (Bulk) announced on Wednesday a €350m/USD$380m equity investment by BGO, a leading global real estate investment management firm, which will be deployed to accelerate its growth plans.

BGO’s investment will be made on behalf of investment vehicles under its management. The investment brings BGO’s total equity investment in Bulk since 2020 to over €640m/USD$700m. Bulk intends to invest over €1bn of new capex by 2026 to grow the firm’s leading sustainable data centre platform in Europe. 

Bulk has established itself as one of the leading developers of data centres and fibre networks in the Nordics, building on the region’s unique advantages with low-cost, renewable energy. With a full range of data centre solutions across three sites in Norway and Denmark, Bulk offers unparallelled scalability for global data centre customers. Its 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. 

Bulk recently opened a 12MW AI-ready facility at the N01 Data Center Campus which is already fully committed. Its next AI-ready centre is under construction and will provide 42MW of capacity from early 2025.

BGO is a leading, global real estate investment management advisor and a globally-recognised provider of real estate services. BGO serves the interests of more than 750 institutional clients with approximately $82 billion USD of assets under management (as of March 31, 2024) and expertise in the asset management of office, industrial, multi-residential, retail and hospitality property across the globe. 

BGO is a part of SLC Management, the institutional alternatives and traditional asset management business of Sun Life.