• InfraRed-EDF consortium among bidders for 60 MW+ data centre sale involving two sites
• TD Securities, PMP on buyside
• Binding offers due next month

InfraRed Capital Partners and EDF Group are understood to have teamed up to submit a non-binding bid for two sites at Yondr’s100 MW+ campus in Slough, NPM can reveal.

Binding offers for the RBC-led sale process of Slough A (30 MW) and Slough B (30 MW) are expected in mid-July.

Previously, all three sites, including Slough C (40 MW) were thought to be included in the sale, however, sources have since confirmed that the sale regards just the A and B sites for which expansion is possible.

TD Securities has been mandated by the consortium as the buyside bank, while PMP Strategy is providing consultancy services, according to sources.

EY-Parthenon is understood to be supporting Yondr on the sellside.

GLIL Infrastructure, a Local Pensions Partnership Investments vehicle, is also believed to be circling the deal.

Non-binding offers, which NPM previously reported on, were submitted in May.

Valuations for the assets have been estimated between GBP 300m-800m (EUR 346m-923m).

Microsoft is understood to be the main tenant at the facility.

EDF, EY, InfraRed, PMP, and TD Securities did not respond to a request for comment while GLIL (LPPI) declined to comment.