Israeli real estate developer Azrieli Group will acquire Norway’s Green Mountain for about $850 million, and sees its expansion into the global data center market as a “significant growth engine.”
The data center business has gone global. For developers, this means extending their operations across borders and oceans. On the DCF Show, Rich talks with AJ Byers, of Compass Datacenters about their new campus in Israel, opportunities in Europe, and the quest for more clean electricity in Montreal, where crypto and cannabis firms are also seeking power to expand their operations.
Digital Realty has created data center campuses from a former helicopter plant (Paris) and submarine base (Marseille) as it boosts its data center capacity and connectivity in France.
Iron Mountain has signed a 27-megawatt lease for a new data center in Frankfurt, serving notice that it has joined the top tier of developers that can provide capacity to the largest clients.
In the European data center business, the focus is on FLAP – short for Frankfurt, London, Amsterdam and Paris. DCF talks with Iron Mountain’s Eric Boonstra about hyperscale trends in these markets.
KKR is the latest marquee investing firm to enter the data center industry, forming Global Technical Realty (GTR) to develop more than $2.5 billion in data centers across Europe in the coming years.
Vantage Data Centers is continuing its expansion into European markets with a definitive agreement to acquire Next Generation Data (NGD), a massive data center facility in Cardiff, Wales.
Vantage Data Centers is going global with a $2 billion push into Europe, acquiring service provider Etix Everywhere along with land parcels in five markets.
European data centers are preparing contingencies for a potential “no deal” Brexit, which could impact everything from energy pricing to delivery of generators. But the runup to Brexit has been a period of surprisingly strong investment in digital infrastructure.
The growth of the CyrusOne Phoenix campus demonstrates why the company has been a pioneer in the rapid growth of the data center industry, advancing new ways of building at speed and scale. Its next phase of growth will target European markets.