Style Drift, Systemic Risk, and Data Sovereignty

Audience members raise questions about style drift and systemic risk as data centres are financed across multiple structures including CMBS, project finance, and infrastructure CLOs. Jonathan Jay explains how financing type depends on where an asset sits on the development-to-stabilisation continuum. The panel then discusses data sovereignty, with Jim Perrie and Tom Johnson examining the realistic limits of European data independence and how data localisation trends are supporting secondary market growth.