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Data4 investing €620 million in new data centres in Europe

Data4’s campus in Cornaredo, near Milan

Data4, the European data centre operator with a presence in France, Italy, Spain and Luxembourg, is investing €620 million in new facilities to make the most of the ongoing boom in demand.

The group is planning to double revenue by 2024 and by that date it plans to have ten operational data centres in Italy. Five facilities are already let to tenants, one will be ready to let in July and another four are in the pipeline. The value of the Italian portfolio, currently €250 million, is expected to increase to €350 million.

Italy as seen a 30% increase in data traffic in the last year, as digital transformation was accelerated by the pandemic.

“We are buying land to expand our campus in Cornaredo near Milan”, said Davide Suppia, country manager Data4 Services Italy. “We are also looking at other areas in Italy, keeping in mind the importance of data storage, which has become a competitive issue for companies”.

The centres offer a range of logistics and operational services, such as connectivity to more than 220 Cloud destinations and telecom operators. “Our aim is to guarantee safe and secure storage to our customers, whether they need a single bay or a dedicated building, with state of the art security processes and secure data hosting solutions”, he said.

The other goal is sustainability, which is important in centres that use over 60MW of energy.  “We want to contribute to the transition to a green economy and since 2017 we have made sure that 100% of the energy we use in our data centres is produced by renewable energy sources”, Suppia said.

Customers can monitor in real time the performance and environmental indicators of their hosting space and equipment.

Data4, which was founded in 2006, finances, designs, builds and operates its own data centres in Europe. It currently has 21 facilities in France, Italy, Spain and Luxembourg.  The new €620 million credit line, from Deutsche Bank, Société Générale and SMBC, will allow the group to expand its presence in those countries and to enter new markets.