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Vantage Data Centers Secures €720 Million Financing Through Pioneering European ABS Deal

by THEFUTURE.TEAM

June 10, 2025

Innovative Financing Strategy

U.S. data center operator Vantage Data Centers has raised an impressive 720 million euros (approximately $821.4 million) in Europe—the first asset-backed securitization (ABS) deal of its kind on the continent. The landmark transaction involved the securitization of four strategically located data centers in Germany, positioning Vantage at the forefront of innovative financing within the digital infrastructure sector.

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Attractive Terms and Robust Investor Demand

The deal, which carries an average coupon of 4.3% on the issued bonds, underscores the company’s ability to leverage its high-quality real estate assets and long-term lease commitments to secure competitive financing. By using its data center infrastructure and anticipated revenues as collateral, Vantage has effectively mitigated risk and attracted strong investor interest, with oversubscription reaching two to four times the amount raised.

Strategic Deployment of Capital

Vantage has indicated that the funds will be primarily allocated to extinguish existing construction loans, thereby streamlining the company’s balance sheet. Both Sharif Metwalli, the Chief Financial Officer, and Senior Vice President Rich Cosgray emphasized the transaction’s high leverage and investor confidence during discussions with CNBC.

Robust Infrastructure in Key Markets

The four facilities—two in Berlin and two in Frankfurt—boast a combined power capacity of approximately 64 megawatts and are fully leased to hyperscale clients. Previously appraised at about $1 billion by Scope Ratings, these data centers continue to attract robust support, evidenced by credit ratings that affirm the strong credit quality of significant tranches.

Broader Market Implications

This ABS issuance is a clear indicator of shifting trends in European digital infrastructure finance. With investors such as insurance companies, pension funds, and fund managers increasingly recognizing the potential of data center assets, the European market—triggered by escalating demand from Big Tech and the surging utilization of artificial intelligence—is set to experience rapid growth. Prominent cities like Frankfurt, London, Amsterdam, Paris, and Dublin are witnessing burgeoning demand, while tier-two markets are emerging as attractive alternatives for cloud service providers seeking dispersed facilities.

Pioneering Transactions and Future Outlook

Vantage’s recent success builds on its previous milestone of raising £600 million via the first securitization of a data center in the EMEA region. With a global footprint that now includes around 2,500 megawatts of operational or under-development data center capacity, the company is strategically positioned to capitalize on the industry’s momentum. Led by Barclays Bank and Deutsche Bank, with legal representation from Clifford Chance, this transaction epitomizes a forward-thinking approach in leveraging asset-backed financing to propel strategic growth.

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Cyprus Expects More French Visitors In 2027 As Air Capacity Expands

by THEFUTURE.TEAM

September 18, 2026

Cyprus expects more French visitors in 2027 as airlines increase capacity between the two countries, Tourism Deputy Minister Kostas Koumis said after meetings with tour operators in Paris.

France, one of Cyprus’ key tourism markets, has had a difficult 2026. French arrivals fell 46% year over year to 8,453 in August, from 15,663 a year earlier, according to the Statistical Service of Cyprus (Cystat). August arrivals were also nearly 50% below the 16,798 recorded in the same month of 2024.

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Overall, Cyprus received 2.82 million tourist arrivals between January and August, down 7% from the same period in 2025.

Air Connectivity Supports 2027 Outlook

Koumis discussed the 2027 outlook with senior executives from tour operators offering Cyprus holidays during the IFTM Top Resa travel trade fair in Paris.

Higher air capacity between France and Cyprus was a key focus of the talks. Participants also discussed the impact of geopolitical tensions in the Middle East on the French market and Cyprus’ efforts to adapt its tourism offering to French travelers.

“The French market is undoubtedly an extremely important market for our country’s tourism,” Koumis said, adding that France had regained importance only a few years ago and still had room to grow.

Improved air connectivity will be an important factor in that expansion, according to Koumis. “It is now clear that air connectivity between France and Cyprus is improving significantly, which is a basic prerequisite for the further growth of the market,” he said.

Cyprus Promotes Tourism And Regional Cooperation

Koumis attended the opening of IFTM Top Resa at the invitation of French Tourism Minister Serge Papin, who later visited the Cyprus stand. Held from Sept. 15 to 17 at Paris Porte de Versailles, the event brought together more than 32,000 tourism professionals representing 177 destinations and 1,650 brands, according to organizers.

During his visit, Koumis also met Egyptian Tourism Minister Sherif Fathy. Cyprus and Egypt reaffirmed their tourism cooperation and discussed opportunities to strengthen ties further.

French media interviews covered Cyprus’ tourism offering, infrastructure and services, along with efforts to develop specialized tourism products. Regional instability weighed on arrivals in 2026, particularly during the spring, although the decline narrowed over the summer.