- The new data center will be installed in a pre-existingbuilding, hitherto owned by Interfam, located at Albasanz, 65 St
- The property will also house the offices of Grupo Aire in Madrid
- Colliers has provided comprehensive advice including investment, leasing and technical advice
Colliers (NASDAQ: CIGI; TSX: CIGI), a leading global consultancy in advisory services and management of investments in real estate, has advised Grupo Aire, a national telecommunications operator, in the implementation of its data center and offices in the Madbit District, an urban space in the Capital that already concentrates numerous companies with a technological profile.
Aire is the wholesale telecommunications operator in Spain with the most presence and capillarity in rural and metropolitan areas. It owns a telecommunications network with an extension of more than 27,000 km, which covers 90% of the Spanish territory through fiber optics and radio links
With this transaction, Grupo Aire implements a new operations center in Madrid of more than 2,000 sq m. which houses its Data Center, offices and 30 parking spaces.
Madrid, main objective of investors in Data Centers
"This operation is a further confirmation of the moment of boiling in which the Spanish data center market is located, and particularly in Madrid. Currently, we have evidence of projects with around 150MW of power in different phases of construction only in Madrid - says Gonzalo Martín, Director of Capital Markets de Colliers and head of its Data Centers division - and we are already beginning to structure Land Banking operations and we are even beginning to see operators that demand transactions on land undermanagement, with available power, and payments conditioned to milestones of development of that land and power".
Barcelona and other markets
From Colliers they point out that "The rest of Spain has a remarkable decalage with respect to the maturity of the Madrid market, however, the projects in Barcelona are, today, very similar to those seen in Madrid about 3 years ago". Regarding other markets, Colliers highlights that specific transactions of Data Centers in Valencia, Seville or Bilbao begin to take place where, in addition to demand, the request for NextGen funds for future developments takes on special relevance.
Real estate sector, the great ally in the development of the Data Center market
Existing real estate assets can make a significant contribute to alleviating the demand problems of the data center market in the interim of the development of complex new plant projects, which are usually developed in phases and take an average of 2 years to be fully completed.
"Thistransaction is a good example of how real estate market players can provide solutions and boost the generation of an offer that copes with the current demand for data centers. This demand has grown exponentially in recent months in Madrid and this type of operation on existing assets represents an optimal solution,specifically for technology companies, such as Grupo Aire, with needs different from those of large Hyperscalers." – concludes Gonzalo Martín.