Azrieli Group Signs €1 Billion Data Center Agreement in Norway, Shares Rise 8.9%
DATA AND AI INFRASTRUCTURE
Azrieli Group's shares rose 8.9% after announcing a €1 billion agreement to provide 80 megawatts of data center services in Norway for a major tech company. The project, managed by its subsidiary Green Mountain Global, is expected to generate an annual net operating income of €117 million, a 17% increase from its current NOI. The first 20 megawatts are set to be delivered by March 2027, contributing to Azrieli's expanding presence in the data center sector.
Dec 31, 2025, 2:09 PM
