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AiOnX locks in hyperscale tenant for Irish data center campus outside Dublin
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Data center firm AiOnX has secured a US hyperscaler for its debut campus outside Dublin, Ireland.
Key facts
- During the company’s Q1 2026 earnings results and analyst call, SERT announced its investment in AiOnX, investing in a seven-year €50 million ($43.2m) mandatory convertible loan issued
- Cromwell acquired the site in 2017 for €98m ($115.4m)
- Located outside Paris in Saint-Ouen, Parc des Docks is currently a logistics and warehouse site totaling eight buildings on 11 hectares and 73,370 sqm (789,748 sq ft) of space
- The entire 179MW is leased to a major US hyperscaler,” Simon Garing, CEO of Stoneweg EREIT Management Pte
Summary
The company is owned by the SWI group, which is also looking to pivot some of its logistics and warehouse sites into data center developments. SWI is also set to acquire a cryptominer in the US and pivot some of those company's sites to AI and HPC use. Stoneweg Europe Stapled Trust (SERT), which combines Stoneweg European Real Estate Investment Trust and Stoneweg European Business Trust, recently outlined some of its data center plans. During the company’s Q1 2026 earnings results and analyst call, SERT announced its investment in AiOnX, investing in a seven-year €50 million ($43.2m) mandatory convertible loan issued by the developer.