CAPRE’s Data Center Industry Round Up for July 23, 2019
Check out the latest in deals, development and disruptive technology in the data center space for July 23, 2019:
- Compass Data Centers Announces $3 Billion Expansion Plan: Compass Datacenters has announced new growth initiatives to develop up to $3 billion in new data center campuses over the near term. This follows additional capital from existing investors, RedBird Capital Partners and Ontario Teachers’ Pension Plan, as well as new investment partner the Azrieli Group, a leading Israeli real estate development company. Azrieli Group, an Israeli real estate developer is acquiring 20% of Compass Holdco (the holding company for Compass Data Centers) for $135 million USD. This will be Azrieli’s first investment in the North American data centers market, and they will now have the option to increase their holdings in Compass to 33% by December 2020. Azrieli said that it studied the data center market for two years before making the plunge.
- Amsterdam to Halt Data Center Development Until 2020: After years of luring tech companies from the world over with generous tax breaks and cheap power, Amsterdam has announced via a press release that the city can’t handle anymore supply, at least until 2020, citing too much strain on the Dutch capital’s property market and power networks. “The number and size of data centers in the Amsterdam Metropolitan Area (MRA) have increased sharply in recent years: the MRA now belongs to the region with the most data centers in the world. Data centers have become indispensable facilities for almost all residents, businesses and institutions, but they also take up a lot of space and, due to the high energy consumption, take a big load on the electricity grid,” reads the press release (translated from Dutch into English).
- Echelon Data Centres Given Green Light for 100 MW Ireland Data Center: Echelon Data Centres has been granted long-sought permission by An Bord Pleanála to begin work on a 100 megawatt, 484,000 square foot data center on the Avoca River Business Park in Arklow, Co Wicklow, Ireland. The $561.1 Million USD / €500 Million Euro project is expected to create 540 jobs, which will include 450 temporary construction positions as well as 90 full-time data center staff roles. Echelon is also committed to powering the facility with 100% renewable energy. Echelon previously received permission from the Wiclow County council in February 2019, but was forced to delay its plans thanks to an appeal. However, that appeal has now been dismissed. Now that they’re back on track,Echelon hopes to start leasing by the third quarter of 2021.
- $2 Billion USD “Loudoun West” Data Center Project Approved: The Loudoun Times Mirror is first reporting that the Loudoun County Board of Supervisors approved Loudoun West, a proposed $2 Million USD, 95-acre industrial center that will house a cluster of data centers in Leesburg, VA. The development is set to break ground on the east side of Sycolin Road (Route 625), north of the Dulles Greenway (Route 267) and south of Cochran Mill Road (Route 653). The proposal by NuVu Real Estate passed on a 7-0-1-1 vote. Vice Chairman Ralph Buona (R-Ashburn) voted absent, while Chairwoman Phyllis Randall (D-At Large) abstained.