Madrid consolidates itself as a digital hub in southern Europe
- Madrid leads the European south market with 31 operational data centers and a pipeline with 505 MW under development in 14 announced projects
- Sines, in the south of Portugal, registers the largest project announced in the Iberian Peninsula with more than 450 MW
The Iberian Peninsula is positioned as one of the strategic European markets for the Data Centers according to Colliers (NASDAQ, TSX: CIGI), a global leader in advisory services and management of real estate investments. According to the data collected in the Colliers report, Data Centers Snapshot, there are more than 700 MW under development in data center projects in the 3 main locations of the Iberian peninsula: Madrid, Barcelona and Lisbon.
Madrid is the reference market in southern Europe with 31 operational data centers and 100 MW installed. The Spanish city accumulates a pipeline of 505 MW in 14 announced projects, equivalent to 70% of the total under development in the Iberia region.
The new projects are mainly located in the northern zone, around the A-1 and A-2 axes. However, some locations on the A4 axis concentrates very relevant projects such as the announced in Fuenlabrada by Thor Equities, which foresees a 100 MW Data Center.
The city of Barcelona, and its metropolitan area, add a dozen operational data centers and a pipeline of 110 MW under development, which fivefold the current operating capacity.
Portugal concentrates the interest of international investors and operators and is expected to lead, together with Madrid, this market in the medium term. Lisbon as other locations in the south of Portugal accumulate important projects under development. Specifically, Sines has been chosen as the location for the largest Data Center project announced to date in the Iberian Peninsula. This is the Star Campus, one of the largest in Europe, developed by Pioneer Point and Davidson Kempner with a capacity of more than 450 MW.
"The pipeline of projects announced during the last 6 months indicates an unbridled activity in both investment and data center development markets, spotlighting the relevant position of Spain and Portugal as a digital hub in southern Europe. Once the supply of Data Centers is consolidated, the next step will be the assurance of demand in which the Colliers Data Center team has been working for weeks, advising from the point of view of hyperscalar demand and the future edge computing" says Jose María Guilleuma, Director of Data Centers at Colliers.