Insights into Data Centre Investment & Market Growth

EUDCA publishes its new 2026 report

The European Data Centre Association (EUDCA), the representative body of the European data centre community, has announced the publication of its 2026 State of European Data Centres report. Building upon regional benchmarks established in last year’s report, the new data reveals a European market that has moved beyond the era of hub-centric development and is evolving into a distributed, energy-integrated, and AI-driven digital ecosystem. Europe’s data centre sector is shown to be entering a period of exceptional expansion, structural diversification, and rapid technological transformation, driven by AI hyper-expansion. However, its ability to fully exploit potential growth is threatened by energy availability and access. The new EUDCA report finds European market growth not only within traditional centres - such as the Frankfurt, London, Amsterdam, Paris, and Dublin (FLAP-D) - but also rapidly decentralising across Southern Europe, the Nordics, Central and Eastern Europe (CEE), and selected Tier2 metros. Moving from cloud-led growth to AI demand, data centres are now recognised as critical infrastructure underpinning Europe’s competitiveness and security. Growth and investment in Europe’s data centres Europe’s IT power capacity grew from 10,539 MW (2023) to 14,784 MW (2025), exceeding forecasts. Furthermore, €176 billion (£151.6 billion) in cumulative investment is expected from 2026–2031. Within this growth and investment, scale colocation campuses and AI-optimised facilities dominate new builds. A CAGR exceeding 25% through to 2031 is expected for scale colocation, reflecting rising demand for high-density cloud and AI clusters. Traditional retail and wholesale sites continue to expand, but their relative share of new capacity is declining as customers increasingly require multi-building, AI-ready environments with long-term scalability. Hyperscale data centre expansion is accelerating into regions with improving access to renewable energy and favourable operating conditions, as training workloads tend to favour regions with abundant power availability such as the Nordics and parts of Southern Europe. A notable driver of growth is the rise of neocloud, namely providers of ultra-high-density compute with rapid deployment capability and large power tranches aligned with the needs of AI developers, global model providers, and emerging cloud-adjacent platforms. Constraints and socioeconomic impact A significant factor affecting the industry is energy availability and access. Power availability is reported as the top challenge for more than two thirds (67%) of operators. Grid congestion and long connection timelines in many geographies are slowing deployment. Within these developments, AI clusters are pushing extreme rack densities beyond 100kW, calling for changes in data centre design, deployment, and operation, as well as driving a rapid shift towards liquid and hybrid cooling architectures. The European data centre industry continues to make a significant contribution to the economy and society. The report finds a €53 billion (£45.6 billion) GDP contribution in 2025, rising to an expected €137.5 billion (£118.4 billion) by 2031, with more than 300,000 direct, high-skilled jobs supported across the ecosystem. The facilities and campuses also bring local benefits, such as supporting district heating, providing energy grid flexibility services, renewable power purchase agreements (PPA) that support renewable energy development, and community infrastructure. Sustainability progress and regulatory alignment The industry’s rapid growth is firmly aligned with climate and regulatory expectations. The continued application of the Energy Efficiency Directive (EED) marks a new era of harmonised reporting and transparency for the industry. The vast majority (90%) of energy consumed by European data centres is now generated from renewable energy sources. At the same time, there has been strong progress on water usage effectiveness (WUE), renewable procurement, and heat reuse integration, addressing many of the concerns of the citizenry with regard to data centre facilities. There are outstanding examples of biodiversity, heat reuse, and community benefit projects across Europe. Global leadership and the next phase EUDCA Secretary General Michael Winterson comments, “The exceptional growth of Europe’s data centre market is welcome news at a time when international volatility has focused many geographies on digital sovereignty and security. “Once the issues of power availability and access are addressed, Europe has the opportunity to lead globally in AI-ready infrastructure, while maintaining the highest standards of sustainability and responsible stewardship.” The 2026 State of European Data Centres report clearly demonstrates the need for industry, policymakers, and partners to come together on bold steps to accelerate grid investment and permitting reform. This will require deeper and improved cross-border coordination to achieve greater collaboration on energy system integration. The report states that if these challenges are met, Europe will be positioned not only to accommodate growth in cloud and AI infrastructure, but to lead in the development of a secure, sustainable, and strategically independent digital economy. For more from the EUDCA, click here.

nLighten expands footprint through Paris site acquisition

nLighten, a European data centre operator, has announced the acquisition of a data centre in Émerainville, Paris from oXya, a provider of SAP cloud services and managed IT infrastructure. The facility becomes nLighten's eighth site in France and adds to its portfolio of over 30 data centres in seven markets. Strategically located in Paris's eastern data centre cluster, approximately one kilometre from nLighten's existing PAR1 facility, the site will continue serving anchor customer oXya under a long-term master services agreement, while additional capacity will be made available to enterprise customers via channel partners. The facility is designed to support high-density and AI-ready configurations, providing scalable infrastructure that evolves with customer requirements. nLighten says its approach emphasises delivering sustainable, interconnected infrastructure tailored to enterprise needs, with "seamless connectivity between [its] sites." Expanding digital infrastructure Harro Beusker, CEO and co-founder of nLighten, comments, "The acquisition of this Paris data centre represents a significant expansion of our French footprint and strengthens our position in one of Europe's most dynamic digital infrastructure markets. "Paris is a critical hub for regional connectivity and this facility enables us to deliver enhanced capacity and resilience to our enterprise customers. The proximity to our existing Paris sites creates operational synergies while also allowing us to support dual-site deployments. "This acquisition exemplifies our strategy of building smart, sustainable infrastructure that scales with customer needs and contributes to the digital transformation of European businesses." Anwar Saliba, Managing Director at nLighten France, adds, “This acquisition fully aligns with our ambition to build a distributed, locally operated digital infrastructure across France. "By adding capacity in the Paris region through three interconnected sites, we provide our customers with the conditions needed to deploy more resilient architectures, better secure their data, and meet growing requirements in terms of performance, service continuity, and digital sovereignty." Christophe Bronner, Group Chief Financial Officer at oXya, states, "We are pleased to see this data centre continue its evolution thanks to the partnership with nLighten. "This transition allows oXya to focus on its core business of delivering managed cloud services and consulting to our customers, while ensuring continuity and enhanced capabilities for our infrastructure needs. "We believe nLighten's expertise and commitment to sustainable operations will benefit both our organisation and the broader customer community.” For more from nLighten, click here.

DataVita's North Lanarkshire site named AI Growth Zone

Data centre and cloud services provider DataVita's North Lanarkshire site has been named a UK AI Growth Zone, unlocking £8.2 billion of private investment for the region - one of the largest technology commitments in Scottish history. The project brings together three integrated components: 500MW of AI-ready data centre capacity, over 1GW of private wire renewable energy infrastructure, and 'innovation parks' designed to attract next-generation industries. Over 3,400 jobs will reportedly be created in the coming years, from immediate construction roles through to permanent positions in data centre operations, renewable energy, and AI-related fields. Site details DataVita is building 500MW of hyperscale data centre capacity optimised for AI workloads. The facilities use closed-loop cooling systems with near-zero water consumption and will operate at a power usage effectiveness (PUE) of 1.15. Over 1GW of renewable energy - wind, solar, and battery storage - will be developed on private wire connections directly to the data centres. The system will be grid positive, exporting surplus clean energy to the national grid. Power costs will be sub-10p per kWh, with carbon intensity under 5 gCO₂e/kWh - 97% lower than the London grid average. Purpose-built 'innovation parks' will provide the physical infrastructure for next-generation industries. The development includes laboratory space, robotics research facilities, and advanced manufacturing units, aiming to attract companies and researchers who need proximity to AI compute at scale. The goal is to create a thriving ecosystem where the anchor investment draws new businesses and hundreds of additional jobs to the region. A community fund will also deliver over £543 million to North Lanarkshire over the next 15 years, supporting skills and training programmes, local charities, and community initiatives. The fund will be governed by an independent board with local representation, ensuring the community decides how the money is spent. Additional commitments include 50 apprenticeships and an AI Venture Fund backing Scottish startups. Eco-conscious development DataVita claims the AI Growth Zone will be one of the most sustainable AI infrastructure developments in the world. The system is grid positive, with renewable sources to generate more energy than the data centres consume. Carbon intensity will be 97% lower than other major UK data centre hubs and with almost zero water waste. Technology Secretary Liz Kendall comments, "Today’s announcement is about creating good jobs, backing innovation, and making sure the benefits AI will bring can be felt across the community. “From thousands of new jobs and billions in investment through to support for local people and their families, AI Growth Zones are bringing generation-defining opportunity to all corners of the country.” Danny Quinn, Managing Director of DataVita, adds, "Scotland has everything AI needs: the talent, the green energy, and now the infrastructure. But this goes beyond the physical build. "We're creating innovation parks, new energy infrastructure, and attracting inward investment from some of the world's leading technology companies. This is a real opportunity for North Lanarkshire, and we want to make sure local people share in it. "The £543 million community fund means the benefits stay here: good jobs, new skills, and investment that actually reaches the people who live and work in this area." For more from DataVita, click here.

GridAI names new CEO

GridAI Technologies, a US provider of AI-driven software platforms for managing utility load and distributed energy resources, has appointed Marshall Chapin as CEO of its AI and energy infrastructure subsidiary, GridAI, following its acquisition of the company. GridAI Technologies says the appointment is intended to support its expansion at the intersection of artificial intelligence and energy infrastructure, as demand increases from hyperscale AI data centre developments. GridAI is developing grid and power-management software for large-scale AI data centre campuses. The platform is designed to coordinate distributed energy resources and manage power across multiple scales, with the aim of supporting more efficient and reliable operation as energy demand from AI workloads grows. The company says its software supports functions such as market-based dispatch, peak-load reduction, and dynamic pricing in utility and commercial environments. It also monitors real-time inputs, including energy prices and weather, to support operational decision-making. Platform focus and leadership background New hyperscale campuses can consume hundreds of megawatts of power, requiring advanced systems to manage and optimise energy resources. GridAI says that its platform incorporates forecasting, bidding, and dynamic load-balancing to support reliability and efficiency across large installations. The company also says the platform can be used in residential and small business environments to manage behind-the-meter assets such as HVAC systems, appliances, and batteries. Chapin brings experience across grid optimisation, energy transition, and distributed energy. Since March 2025, he has served as interim CEO of Amp X, an AI-driven grid-edge platform that is also a GridAI subsidiary. Jason Sawyer, CEO of GridAI Technologies, comments, “Marshall’s proven ability to commercialise complex energy-software platforms and scale global go-to-market operations makes him the ideal leader for GridAI at this pivotal moment. "With hyperscale AI campuses emerging as the defining infrastructure challenge of this decade, our power orchestration capabilities will be critical in helping hyperscalers deploy energy assets rapidly, profitably, and with enhanced reliability and resilience.” Marshall says, “GridAI is uniquely positioned to help hyperscalers, utilities, and energy-asset owners orchestrate the massive amount of flexible power required for this transformation. I’m excited to build on this vision and lead GridAI through this extraordinary phase of growth.”

BCS Consultancy appoints new COO

BCS Consultancy, a global data centre consultancy, has appointed Chris Coward as its new Chief Operating Officer following the departure of co-founder Scott Shearer after ten years with the business. Chris steps into the role as BCS says it continues to grow internationally and expand its work with customers across the data centre lifecycle. Chris joined BCS in 2017 as one of its earliest employees. Over the past eight years he has worked with founders James Hart and Scott Shearer as the company expanded from a small UK-based consultancy to a global business with more than 165 specialists across five international offices. During that period, BCS has supported more than 300 projects, advised on over £20 billion of investment, and generated annual revenue in excess of £22 million. Chris has led the development of the company’s project management capability and helped build its talent pipeline, including launching an apprenticeship programme designed to address skills shortages within the data centre sector. BCS says Chris will help guide the company through its current phase of overseas expansion, focusing on strengthening internal operations, supporting digital adoption, and maintaining a customer-first culture. New leadership during a global growth phase Commenting on his appointment, Chris says, “I’ve had the privilege of working closely with James and Scott for much of my career, and want to thank them both for their leadership and trust, which have shaped both my journey and the culture of BCS. "As BCS becomes an increasingly global business, my primary focus is to ensure we have the right operational structure, technology, and support in place to deliver consistently for our clients while staying true to the ethos that makes BCS different.” BCS reports that demand for data centre expertise remains strong. According to the company's Q4 Data Centre Commercial Report, 92% of surveyed professionals expect continued sector growth through 2026. However, the report also highlights challenges such as increased AI-driven workloads, skills shortages, power and supply chain constraints, and the need for more resilient infrastructure. BCS states that Chris’s appointment reflects its commitment to supporting customers entering the AI era and strengthening operational capability as the company continues to expand internationally.

Schneider Electric names new VP

Global energy technology company Schneider Electric has appointed Matthew Baynes as Vice President of its Secure Power and Data Centre division for the UK and Ireland. Matthew takes up the role as both countries see rapid growth in digital infrastructure investment, driven by rising demand from artificial intelligence workloads, accelerated data centre construction, and government-backed initiatives. Experience across data centre leadership Matthew has worked in Schneider Electric’s data centre business for nearly 20 years. His most recent position was Global Vice President for Strategic Partners and Cloud and Service Providers, where he led a global team supporting colocation, cloud, and hyperscale customers. Earlier roles included Global Colocation Segment Director, where he launched the company’s first multi-country account programme, now established as a core element of its global approach. Matthew has also held senior leadership positions in the UK and Ireland since Schneider Electric acquired APC in 2007 and worked for several years in the Netherlands supporting European operations. Alongside his corporate responsibilities, Matthew has contributed to industry bodies including techUK and the European Data Centre Association, supporting policy engagement and sustainability initiatives. Commenting on his appointment, Matthew says, “The UK is one of Europe’s most important and vibrant digital infrastructure hubs and, with AI accelerating demand, the next few years present a major opportunity to strengthen its global leadership position. "At the same time, Ireland continues to play a critical role in the region’s digital ecosystem, with its data centre market serving key customers globally. “Data centres are engines for jobs and competitiveness, supporting growth that benefits the digital economy, local communities, and empowering innovation. This is a pivotal moment to shape their role in the UK and Ireland’s digital future, and I’m delighted to accept this new role at such a crucial time.” Pablo Ruiz-Escribano, Senior Vice President for the Secure Power and Data Centre division in Europe, adds, “Matthew’s deep experience in global strategy and both local and regional execution makes him uniquely positioned to lead our Secure Power business in the UK and Ireland during this critical period of growth.” Matthew assumes the role with immediate effect. For more from Schneider Electric, click here.

Global data centre build-out projected to require $3tn

The global data centre sector is poised for continued unprecedented expansion, with capacity expected to nearly double from 103 GW to 200 GW by 2030, according to real estate and investment management company JLL’s newly released 2026 Global Data Center Outlook report. Artificial intelligence is rapidly reshaping the data centre landscape, and JLL anticipates AI workloads will represent half of all data centre capacity by 2030. Despite rapid growth, the fundamentals for the sector remain healthy and property metrics do not point to a bubble. The explosive growth will require up to $3 trillion (£2.2 trillion) in total investment over the next five years, including $1.2 trillion (£887 billion) in real estate asset value creation and approximately $870 billion (£643 billion) in new debt financing, marking an infrastructure investment supercycle. “We’re witnessing the most significant transformation in data centre infrastructure since the original cloud migration,” notes Matt Landek, Global Division President, Data Centers and Critical Environments at JLL. “The sheer scale of demand is extraordinary. Hyperscalers are allocating $1 trillion (£739 billion) for data centre spend between 2024 and 2026 alone, while supply constraints and four-year grid connection delays are creating a perfect storm that’s fundamentally reshaping how we approach development, energy sourcing, and market strategy.” AI drives transformation AI workloads could represent 50% of all data centre capacity by 2030, compared to approximately 25% in 2025. JLL anticipates a critical inflection point in 2027 when AI inference workloads will overtake training as the dominant requirement. “We’re witnessing the emergence of an entirely new infrastructure paradigm where AI training facilities demand 10x the power density and command 60% lease rate premiums over traditional data centres,” explains Andrew Batson, Global Head of Data Center Research at JLL. “Beyond the economics, AI has become a matter of national strategic importance, driving countries to develop domestic capabilities through sovereign infrastructure investments that represent an $8 billion (£6 billion) CapEx opportunity by 2030.” AI chips are projected to grow their total revenue share from 20% to 50% of the semiconductor market by 2030, with custom silicon expected to capture 15% market share as hyperscalers develop their own processors. The future could include emerging technologies like neuromorphic computing for ultra-efficient inference tasks that could reduce infrastructure demands and enable data centres to be more power-efficient. Regional growth patterns The Americas will maintain its position as the largest data centre region, representing about 50% of global capacity and achieving the fastest growth rate through 2030. The Asia-Pacific (APAC) region is projected to expand from 32 GW to 57 GW, while Europe, the Middle East, and Africa (EMEA) will add 13 GW of new supply. Each region faces distinct market dynamics that will shape development strategies. In APAC, colocation is leading growth, while on-premise capacity is projected to decline 6% as enterprises continue cloud migration. EMEA’s growth forecast is fuelled by strong demand from hyperscalers, with growth concentrated in established European hubs like London, Frankfurt, and Paris, alongside emerging Middle Eastern markets pursuing digital transformation strategies. The US continues to drive most activity in the Americas, accounting for about 90% of regional capacity. Market fundamentals remain strong Property metrics do not indicate a bubble, as JLL’s analysis indicates the sector maintains healthy fundamentals with 97% global occupancy and 77% of the construction pipeline pre-committed to tenants. Global lease rates are forecast to increase at a 5% CAGR through 2030, with the Americas leading at 7% annual growth due to severe supply constraints. Despite developers preordering materials up to 24 months in advance, more than half of projects in 2025 experienced construction delays of three months or more. The average equipment lead time globally is now 33 weeks, a 50% increase from pre-2020 levels. The industry is responding through modular construction solutions, with annual sales of modular systems and micro data centres projected to reach $48 billion (£35 billion) by 2030. “The increase in equipment lead times is affecting APAC just as it is globally, but strong pre-commitment levels demonstrate continued confidence in the market,” says Glen Duncan, JLL Data Center Research Director, Asia Pacific. Energy and sustainability challenges Energy sourcing remains a critical challenge, with average grid connection lead times exceeding four years in primary markets. Due to utility interconnection delays and mounting pressure from rising grid electricity costs, some operators are moving to directly fund their own energy generation, and several markets have implemented de facto 'bring your own power' mandates, including Dublin and Texas. Data centres are also adopting diverse regional energy strategies to address grid constraints. Natural gas is projected to play a major role in alleviating grid constraints in the US, both for temporary bridge power and increasingly for permanent on-site power generation. The four primary hyperscalers are already fully matching their US data centre portfolios with renewable energy. In EMEA, projects combining renewables and private wire transmission can reduce the cost of power for tenants by 40% compared to the grid. Battery energy storage systems (BESS) are gaining momentum, enabling cost-effective handling of short-duration outages and positioning the technology as a dynamic grid asset to speed up interconnection timelines. Additionally, solar-plus-storage will become a key component of global data centre energy strategies by 2030, with renewable energy costs projected to outcompete fossil fuels across all major regions. “As regulatory and stakeholder expectations around renewable energy sourcing increase globally, data centre operators will face heightened scrutiny over their energy procurement,” suggests Martin Jensen, EMEA Division President, Data Centers at JLL. “While renewables like solar and wind remain the dominant focus of clean energy strategies, power sources such as nuclear are gaining attention for their ability to provide reliable electricity and help balance sustainability requirements with operational continuity; however, significant new nuclear capacity is unlikely to be widely deployed before the 2030s.” Capital markets evolution The sector is experiencing significant capital markets maturation, with core investment strategies now representing 24% of fundraising activity, up from less than 10% previously. More than $300 billion (£221 billion) in global M&A activity has occurred since 2020, though future investment is expected to shift towards recapitalisations and joint ventures as the market matures. Global data centre core fund capital formation could top $50 billion (£37 billion) in 2026, with strategies targeting returns of 10% or more. ABS and CMBS securities are quickly becoming a solution for financing rapid sector expansion, with issuance volumes roughly doubling every year since 2020 and projected to reach $50 billion (£37 billion) in 2026. For more from JLL, click here.

Jabil acquires Hanley Energy Group

Jabil, a US provider of electronics manufacturing and supply chain services, has completed the acquisition of Hanley Energy Group, a provider of energy management and critical power systems for the data centre infrastructure market. The transaction was completed on 2 January 2026 and was valued at approximately $725 million (£536 million), with contingent consideration of up to $58 million (£42.8 million) linked to future revenue targets. The acquisition was completed as an all-cash transaction. TM Capital acted as exclusive financial adviser to Hanley Energy Group, while UBS Investment Bank advised Jabil. A focus on data centre power management Jabil says the acquisition is intended to strengthen its capabilities in data centre power management, particularly as demand increases from artificial intelligence workloads. Hanley Energy Group operates across 13 locations globally - with headquarters in Stamullen, Ireland, and in Ashburn, Virginia, USA - employing around 850 staff. Founded in 2009, Hanley Energy Group works across the design, supply, installation, and commissioning of power and energy management systems, supporting infrastructure from the grid through to the data centre rack. The company also provides lifecycle services, including maintenance and operational support. Matt Crowley, Executive Vice President of Global Business Units, Intelligent Infrastructure at Jabil, comments, “We're excited to welcome Hanley Energy Group and their extensive expertise in power systems and energy optimisation to the Jabil team. "Their know-how and capabilities complement Jabil’s existing power management solutions for data centres and will help us deploy and service them down to the rack level.” Ed Bailey, Senior Vice President and Chief Technology Officer, Intelligent Infrastructure at Jabil, adds, “Data centre power management will only become more critical as hyperscalers ramp the availability of their AI technologies. "This acquisition of Hanley Energy Group, coupled with our growing thermal management capabilities, aligns well with Jabil’s strategy to deliver custom solutions for the world’s AI leaders across the data centre lifecycle.” Clive Gilmore, CEO of Hanley Energy Group, notes, “Joining forces with Jabil will supercharge our ability to deliver end-to-end, scalable, and energy-efficient solutions for the world’s most demanding data centre environments. "Our customers will benefit from the expanded reach of Jabil’s global manufacturing footprint and supply chain, access to broader capabilities across the data centre lifecycle, and opportunities for sustainable growth to meet the evolving needs of AI hyperscalers.” Dennis Nordon, Managing Director at Hanley Energy Group, concludes, “This is more than an acquisition; it’s a catalyst for the future of data centre power management. By joining with Jabil, we are positioned to lead the charge in delivering intelligent, sustainable solutions that empower hyperscalers to unlock the full potential of AI.”

VIRTUS Data Centres names new CEO

VIRTUS Data Centres, a UK data centre owner-operator and part of ST Telemedia Global Data Centres (STT GDC), today announced the appointment of Adam Eaton as Chief Executive Officer, effective immediately. Under Adam’s leadership, VIRTUS says it will continue to "expand [its] portfolio of high-efficiency, sustainable data centres, building on a decade of rapid growth across the UK and Europe." The company adds that it "remains committed to [its] vision to deliver world-class, energy-efficient infrastructure that supports the growth of the digital economy." Bruno Lopez, President and Group CEO at STT GDC and Chairman at VIRTUS Data Centres, comments, “We are delighted to welcome Adam to VIRTUS at an exciting time. "His insight and proven ability to scale complex operations make him the ideal leader for the business as VIRTUS continues to grow its footprint and strengthen its position as one of Europe’s leading data centre operators. "We look forward to this new chapter of leveraging Adam’s knowledge, expertise, and stakeholder management skills for further growth across the business.” Adam says, “I first met the VIRTUS team over 15 years ago. Since then, I’ve watched the company evolve into one of Europe’s leading data centre operators. "Helping VIRTUS scale and support its next phase of growth is an exciting opportunity. I’m privileged to build on the foundations laid by the existing team, embracing one of the most exciting leadership roles in the industry today.” Decades of experience Adam brings a combination of commercial and operational expertise to VIRTUS. With over 20 years of experience spanning the data centre, cloud, and managed services sectors, he brings a track record of strategic leadership, business transformation, and operational performance. Most recently, Adam served as Executive Group Director for Europe at Global Switch, where he led the business across the FLAPM (Frankfurt, London, Amsterdam, Paris and Madrid) markets and drove transformation plans to strengthen the business’ performance and scale. Adam steps into the CEO role previously held by Thomas Ee, Group Chief Operating Officer of STT GDC, in an interim capacity for the past nine months. For more from VIRTUS, click here.

CapitaLand India Trust divests data centre stakes

CapitaLand India Trust (CLINT), a Singapore-listed business trust investing in data centres, IT parks, industrial facilities, and logistics across India, has entered into definitive agreements to divest 20.2% stakes in three data centre assets under development to CapitaLand India Data Centre Fund (CIDCF). The transaction has an estimated total purchase consideration of ₹7.02 billion (S$99.73 million; £57.8 million). The consideration is based on 20.2% of the combined enterprise value of the three assets, amounting to ₹51.97 billion (S$738.2 million; £428.3 million) as of 31 December 2025. This valuation will be adjusted for liabilities, working capital, and capital expenditure, and remains subject to post-completion adjustments. According to the Trust, the agreed enterprise value was negotiated on a willing-buyer and willing-seller basis and represents a premium to the independent valuation of ₹45.70 billion (S$649 million; £376.6 million) as at 31 December 2025. Details of the data centre assets The three data centres included in the transaction are located in Mumbai, Chennai, and Hyderabad. In Navi Mumbai, CapitaLand DC Mumbai consists of two towers in Airoli. Tower one is completed with an IT power capacity of 34MW and a gross capacity of 50MW, while tower two remains under development with planned capacities of 37MW IT and 55MW gross. CapitaLand DC Chennai, located in Ambattur, is under development and is expected to provide 34MW of IT capacity and 53MW of gross capacity. CapitaLand DC Hyderabad, situated in Madhapur, is also under development, with planned capacities of 27MW IT and 42MW gross. In September 2025, CLINT divested CyberVale in Chennai and CyberPearl in Hyderabad, marking the Trust’s first divestment since its listing in 2007. The partial divestment of its data centre portfolio follows this earlier transaction and forms part of what CLINT describes as its broader approach to managing and realising the value of its development assets. Commenting on the transaction, Gauri Shankar Nagabhushanam, Chief Executive Officer of CapitaLand India Trust Management, the trustee-manager of CLINT, says, “The partial divestment reflects continued execution of our portfolio reconstitution strategy. "By unlocking value earlier in the development cycle while retaining a significant stake in the assets, we are able to support our development pipeline and enhance financial flexibility. “We are pleased to be partnering with CIDCF and remain invested in the future growth of India’s data centre sector through our remaining stake in the portfolio. "The partnership with CIDCF also provides CLINT the right to participate in a partial stake in future data centre developments by our sponsor and potentially buy back the assets or explore exit options such as an initial public offering of the assets. "Post-transaction, CLINT remains well-positioned to pursue accretive and higher yielding investment growth opportunities in key Indian cities to create value for our Unitholders.”