(Bloomberg) — Brookfield-backed Data4 will make investments round €300 million ($331 million) to construct and develop a brand new hub in Greece amid rising demand for information facilities pushed by synthetic intelligence providers.
The Paris-based firm is in talks with present lenders and Greek banks to fund the vast majority of the venture with new debt, chief govt officer Olivier Micheli mentioned in an interview with Bloomberg. The brand new campus will likely be in Paiania, close to Athens.
Greece is a strategic hyperlink connecting Europe to the Center East and Africa and is the touchdown level of a number of main submarine cables, Micheli mentioned. The brand new web site is a “vital contribution to the native financial system and digital ecosystem.”
The corporate specializes within the design, building, and administration of information facilities in Europe and has a plan to increase with €7 billion of investments by 2030. Together with Greece, it operates in six international locations and is contemplating one or two extra markets throughout the continent, Micheli mentioned.
Proprietor Brookfield Infrastructure Companions, which purchased Data4 from Axa IM in 2023, is weighing a minority stake sale for a number of the agency’s belongings, Bloomberg beforehand reported. Citigroup helps to faucet traders for the so-called stabilized belongings, totally constructed information facilities with excessive and secure tenancy charges. Preliminary bids are anticipated this month.
Knowledge facilities, cell phone towers, and fiber networks have turn out to be widespread targets for traders, given their secure returns and robust progress prospects as reliance upon expertise grows. Blackstone lately agreed to purchase Australian information heart operator AirTrunk in a deal valuing it at A$24 billion ($16.1 billion).
