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Just one of the scorching developments in money-making genuine estate is server farms, built for computing and technologies giants this kind of as Amazon, Microsoft, and Google. It is a rapid-growing area previous yr neighborhood firm Azrieli Group just lately entered it with the acquisition of a server farm organization in Norway.

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IBI Financial investment Property is aware of the desire that the server farm business is producing, and its Volcano fund, owned jointly with Ziv Sapir, who serves as the fund’s managing partner, has determined to set up a new fund aimed at raising a bare minimum of $200 million. The cash will be earmarked for acquisition of datacenters and equivalent jobs. The fund increasing round will get underway this August, and the fund defines its action as concentrating on electronic infrastructure that is, apart from datacenters, finance for fifth era mobile networks.

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Volcano is a pretty youthful credit card debt fund, established up in May possibly past year. It has lately finished the elevating of NIS 1 billion for loans to significant money-developing serious estate providers in the US for places of work, warehouses, logistics centers, residential clusters, and server farms.

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Printed by Globes, Israel company information – en.globes.co.il – on May 26, 2022.

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© Copyright of Globes Publisher Itonut (1983) Ltd., 2022.

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