L&G backs data centre for tech businesses

Legal & General has taken a 50% stake in the £230m Kao Data Campus development in the London-Cambridge corridor in an investment that “combines digital tech with a traditional infrastructure asset”. The data centre, which will serve data and life sciences businesses along the innovation corridor, was named in honour of Nobel Prize-winning physicist Sir Charles Kao, who pioneered the use of fibre optics at the site of Kao’s first data campus development. Legal & General has partnered with Goldacre Noé Group to expand the data centre in a deal that follows hot on the heels of Legal & General