ACS It is entering the data center business in Spain. Infrastructure and construction giant closes acquisition of fund manager Arcano Partners, One Land in the municipality of Alcalá de Henaresin the Community of Madrid data centerBecause such assets are known in real estate jargon.
The operation, advised by Colliers and Eversheads Shuterland, is run through a subsidiary of ACS. Iridium and real estate agent on behalf of Arcano Arcano Spanish Opportunity Real Estate (AVA III) requires different resources.
The total area of the land is 6.7 hectares, equivalent to 67,000 square meters. Guaranteed energy supply of 50 megawatts (MW)required for commissioning. Construction of the data center will take place within the next five years, the company led by Juan Santamaría reported. It will start operating in 2025.
Arcano improved the entire urban management and cultivation of land until you reach the stage ready to build (ready to build). The note sent by the seller states, “All necessary permits have been obtained and construction can begin.”
“This is a very important step in our investment strategy and our development of undervalued or underperforming real estate assets into assets.” sunflower seed Meeting the highest sustainability standards. The data center market in Spain offers the highest long-term profitability scenario in the last decade and Arcano is strongly committed to this area. We will continue to evaluate the opportunities offered by the market in this field.added Eduardo Fernández-Cuesta, Arcano’s Real Estate partner, while promoting Spain as one of Europe’s main hubs for data centres.
ACS stated in a statement: “The entity places prize for data centersin what is known as Henares Corridor. “This area has become a target for operators and hyperscalers alike, thanks to the unrivaled connectivity it offers via the main fiber axis of the peninsula along the A-2 connecting Madrid to Barcelona.”
Although this is its first project in Spain, the construction and infrastructure company operates data centers around the world: through its subsidiary Turner in the United States and its CIMIC group in Australia and the Asia-Pacific.
“This milestone represents an additional step in consolidating the ACS Group’s global position in digital infrastructures, recognizing the potential of the Spanish market and supporting ACS’ strategy to capitalize on expansion opportunities in growing markets for next-generation infrastructures.”
Data center industry in Spain
The acquisition of Iridium and Arcano was perfectly chosen because, as they noted, this is land with a guaranteed electricity supply. It is this problem that is disrupting the data center sector in Spain. They see that their expansion is limited. In a report prepared by real estate consultancy firm Colliers a few months ago, it was stated that “There has been a slowdown in the growth trend of the data center market in the Iberian Peninsula compared to the previous year.”
Specifically, Colliers found that: projects are suspended or put on hold their sum equals one Total power up to 50 MWWhile Madrid and the metropolitan area have construction data centers It has a cumulative capacity of 551 MW.