Abu Dhabi’s Mubadala Investment Company has invested in Yondr Group, a London-headquartered data centre developer, amid rising global demand for such facilities.
The investment, through US alternative asset manager Apollo-managed funds, aims to support Yondr’s growth strategy, the sovereign wealth fund said in a statement.
No financial details were disclosed.
Yondr specialises in providing scalable data centre infrastructure to major corporations and has a contracted capacity of 878 megawatts (MW).
According to the statement, global cumulative data centre demand is projected to grow at a compound annual growth rate of 11 percent by 2032.
The investment is part of Mubadala’s expanding digital infrastructure portfolio, which includes global data centre assets.
In 2023, the sovereign fund invested in Aligned Data Centers, a pan-American data centre company, after investing in Princeton Digital Group, a pan-Asian data centre company, in 2022.
Additionally, Mubadala is actively investing in global fibre network providers, including the UK’s CityFibre and Danish GlobalConnect.