Report: Welsh data center NGD up for sale in £200m deal
.jpg)
According to the Telegraph, Legal and General (L&G) a fund manager with around £1 trillion in assets is interested in buying data center firm, Next Generation Data (NGD).
NGD runs a 750,000 square foot colocation facility in Newport, South Wales. It is currently owned by French investment firm InfraVia.
Both Legal & General and InfraVia declined to comment on the rumor.
The Telegraph’s sources suggest the deal is part of the British investment firm’s push into the tech sector with an eye on smart city projects in the UK.
If true, L&G could be making its second venture into data centers, after buying a 50 percent stake in Kao, a £230 million ($282m) data center in Harlow.
When L&G announced the investment in Kao, Kerrigan Procter, CEO of L&G said: “With a focus on creating thriving cities, Legal & General looks to make investments that are focused on creating sustainable communities with good employment opportunities, high quality and varied housing in a digitally-connected and clean environment.
“We believe that data centers are an integral part of a city’s digital transformation, enabling connections to a broader digital infrastructure and offering synergies across our wider Future Cities investment strategy.”
The NGD facility, originally built as an electronics factory, was bought by InfraVia in 2016 for £100 million ($122m). If it turns out to have sold the property, it could be that the French company may be rearranging its assets, as this sale would come just a month after InfraVia sold off shares in Irish telecom company Cignal. The Irish company sold for €210 million ($230m) after being acquired by Spanish telecom firm, Cellnex.
NGD’s Newport data center was opened in 2010 inside an impressive building designed as a semiconductor plant. It started as a government initiative with Korean electronics company LG to boost the local economy in the late 1990s, which was later referred to as a "white elephant".
LG and the Welsh Government had invested a total of £133m ($163m) in the LG factory, which never opened, before selling the building, to NGD.
As a bonus, the site also sources its power from the giant Welsh Dynorwig hydroelectric plant.
The facility provides out-of-town data center space for some of the world’s largest digital tech companies, including the likes of BT and IBM. In September, Oracle announced a cloud region based in Newport - presumably based in the NGD facility - as part of a cloud expansion.
source datacenterdynamics
Industry: Data Centre / Data Center

Latest Jobs
-
- Lead CyberArk deployment Consultant
- London
- Upto £80,000 plus benefits
-
CyberArk Consultant is needed to be responsible for leading the deployment of CyberArk solutions for this expanding IT services business, You will work with customer both pre and post sales, getting involved in CyberArk Solution Design, helping to create CyberArk Strategic Roadmaps, on-boarding accounts, product and process integration into the CyberArk Solution and Proviso of Installation and technical Documentation. We are looking for this individual to have experience in: Installation of CyberArk PAS for V11.X and V12.X (Vault, DR Vault, Central Policy Manager and Password Vault Web Access) Upgrade of CyberArk from V9 and V10 (Vault, DR Vault, Central Policy Manager and Password Vault Web Access) Installation and Upgrade of Privilege Session Manager and Privilege Session Manager Proxy As some of your client will be government site, all individual will need to be put through SC clearance, therefore you must be eligible to receive this and happy to be put through(With a British Citizen or to have lived in the UK for the past 5 years) We are unable to provide work visa sponsorship for this opportunity
-
- Senior Business Analyst - Outside IR35 Contract, SC Clearance Required, London
- London
- £400 per day outside IR35
-
Senior Business Analyst - Outside IR35 Contract, SC Clearance Required, Based in London Project- to engage with colleagues and stakeholders to investigate and model business functions, processes, information flows and data structures, using a range of business analysis techniques. • You will translate the solution to the business problem into detailed requirements by creating user stories and well-defined acceptance criteria. • Elicit end-to-end business requirements for a live cross-government service • Working across the Government departments to bring together varied business and operational outcomes to form a holistic overall set of service requirements Current SC clearance is required. As is the ability to travel to London.
-
- DV cleared CCP Senior IA Architect Contract. 12 month Outside IR35
- N/A
- 600 per day Outside IR35
-
DV cleared CCP Senior IA Architect Contract. 12 month Outside IR35. £600 MOD experience (Secure by Design, Accreditation, management) / CADMID project life cycle. Working within and across programmes across Land, Air and Fleet. Meng / Ceng. Ability to travel where as and where needed across the M3 / M4 corridor
-
- Illumio Engineer - CONTRACT. EUROPE
- Sweden
- N/A
-
Engineer with hands on Illumio needed for 6 month contract. Ideally based in Sweden, but would consider the right individual to deliver a hybrid role (Occasional travel to Sweden will be required). Connecting services in Illumio, rollout of the agents (VEN). Experience with Illumio Core, endpoint, cloudsecure Looking to start ASAP