Data center developer Yondr Group has secured $532 million in asset-backed securities to refinance part of its more than 100MW data center campus in Slough, England.

The campus consists of three data centers, the first and second of which are fully operational, delivering more than 60MW of capacity. The transaction covers the first two buildings.

The developer has broken ground on the third facility, which it aims to bring online in mid-2026.

Yondr said the funding was its first bond under its Green Finance Framework, a set of guidelines the company operates under when seeking funding for its projects to support its sustainability efforts.

The transaction received a green bond designation via a second-party opinion from Morningstar Sustainalytics.

Yondr said it is committed to achieving net-zero Scope 1 and Scope 2 emissions by 2030, as well as reducing water intensity, improving cooling efficiency, delivering community impact initiatives at all of its sites, and maintaining transparent allocation and impact reporting under the green financing program.

Sandip Mahajan, CFO at Yondr, said: “Securing our first ABS financing marks a major milestone in diversifying Yondr’s capital strategy and reflects the strength of our asset base and capability of our team.”

“This transaction not only diversifies our capital structure but also reinforces our commitment to supporting the continued build‑out of Europe’s digital infrastructure. As we scale our portfolio, it is essential that our approach to financing continues to evolve in both its structuring and its alignment with our environmental ambitions.”