Stoneweg parent SWI confirms new platform name as AiOnX
Alternative investment company SWI Group is planning a large data center campus in Cambridgeshire, UK.
The company, recently formed from the merger of Stoneweg and Iconia Capital, this week announced plans to build its first data center in the UK. The company also announced the rebranding of the holding group for its data centers to AiOnX.
The UK site, located at Sutton-in-the-Isle in Cambridgeshire, will be scaled up to 330MW at full build-out. Further details haven’t been provided, but the company could reportedly invest £3 billion ($4.1bn) in the project.
Sutton was previously set to be the home of the 700,000 sq ft (65,032 sqm) Camro Data park within the Elean Business Park, but despite securing planning permission, the project seemingly never came to fruition. The Times reports AiOnX’s site secured planning permission for data centers three years ago, suggesting they may be the same development.
The development joins four other projects under the AiOnX banner in Ireland, Denmark, Spain, and Italy. The site will reportedly total 2GW at full build-out, and require more than €20bn ($27.3bn) in investment.
Max-Hervé George, SWI chairman and co-CEO said: "When we first got involved with data centers six years ago, we could see the demand for computing was going to grow dramatically, but the explosion in the growth of AI has taken even us by surprise.”
AiOnX said it is also developing the Kildare Innovation Campus in Dublin, Ireland; the Alcobendas Innovation Campus in Madrid, Spain; the Settino Innovation Campus in Milan, Italy; and the Varde Innovation Park in Varde, Denmark.
George continued: "We are pleased to have added the acquisition of the Cambridgeshire site to our four other hyper-scale centers as we have been unstinting and steadfast in setting out to create one of Europe's most valuable data center groups."
SWI’s Stoneweg unit this month announced it was launching its own data center fund and platform. SWI this week confirmed that Stoneweg Europe Stapled Trust has taken a minority stake in AiOnX for €50 million ($58m).
At the time, Stoneweg said the company was targeting four early-stage data center development sites located in Ireland, Spain, Italy, and Denmark. The sites, totaling 225 hectares, reportedly have 1,116MW of secured/reserved power, with visibility for an additional 563MW.
Founded in 2015, Stoneweg previously sold a former bottling plant in Madrid to Thor Equities for a data center development.
