The partners’ initial investment will pay for four new facilities across Amsterdam, Frankfurt and Paris. The joint venture has already secured permits and 435 MW of power for the data centres, and plans to begin construction by the second half of 2026. (The Logic)

Talking point: Major asset managers are flocking to digital infrastructure as tech firms commit to buy trillions of dollars worth of compute to train and run AI models and tools. The tie-up with Goodman, a Sydney-based infrastructure firm, is CPP Investments’ first foray into European data centres. It’s already bought into or backed firms building compute facilities in the Asia Pacific and North American regions. Closer to home, in July CPP Investments made a $225-million construction loan for a 54-MW expansion of a data centre in Cambridge, Ont. The pension manager is also backing firms developing the electrical capacity to power digital infrastructure.