Record start for 2021
- Q2 was a quieter quarter for the market after a record Q1. Data centre supply across FLAP, however, did surpass 2,000MW for the first time, having grown by 51MW.
- Activity is expected to regain pace in Q3. CBRE expects the market to see significantly more supply come online during H2 (256MW) than the 186MW that came online in H1. Supply-constrained Frankfurt will see the largest amount of new projects with more than 120MW yet to come online.
- A high number of pre-lets means FLAP is also likely to see more take-up during H2 (229MW) than in H1 (141MW).
- Providers are overall expecting a busier Q3, with many saying supply-chain challenges for IT equipment and mechanical and electrical equipment have continued to push out deals and deployments.
Market Highlights
- Equinix announced 32 xScale data centres with GIC, 19 of which are in Europe. They are five in Frankfurt, four in Madrid, three in Dublin, two each in London and Madrid, and one each in Helsinki, Milan and Warsaw.
- In the London market Global Technical Realty announced a 40.5MW campus in Slough due online in Q4 2022 and Iron Mountain announced a second data centre LON 2 (27MW) also in Slough. Pure Data Centres announced a 50MW campus at Borehamwood.
- DATA4 Group secured €620m in debt financing to pursue growth across Europe including entry into Warsaw with a 50MW campus.
- Interxion, a Digital Realty Company, broke ground on its fourth facility in Marseille and connected its portfolio of data centres in London with fibre creating a virtual campus.
- NTT announced new data centres at its campuses in Frankfurt, Bonn and Berlin.
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