Compass Datacenters and have marked their entry into the European data centre market with a plan to develop one of the largest data centre campus projects in Italy.
The two firms said they have acquired a 2.3m sqft Noviglio site in Milan to build the data centre campus to support 48MW-plus of IT load. Construction of the campus is expected to begin in next year.
AJ Byers, president and chief development officer at Compass Datacenters, said: 鈥淏uilding our first European campus in Milan is a major step in Compass鈥� global expansion strategy. Its geographic location, undersea cable connectivity, robust fibre availability and affordable power make it an ideal location for hyperscalers.鈥�
Mario Abbadessa, senior managing director and country head, Italy, at Hines, said this first investment into the Italian and European data centre market establishes a new area of development for Hines, representing significant opportunities in a high-growth sector.
鈥淭he Italian data centre market is becoming a leading destination for cloud providers with growing capacity requirements commonly referred to as hyperscalers, with $2.6bn projected to be invested by 2026,鈥� said Abbadessa.
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