Commercial Real Estate: Property Developments, Trends & Infrastructure

Digital Realty breaks ground in Rome

Digital Realty, a provider of carrier-neutral data centre, colocation, and interconnection systems, today announced it has broken ground on its first data centre in Rome, aiming to strengthen its position in delivering PlatformDIGITAL, a connected data centre platform, across the Mediterranean region. The new facility, ROM1, is intended to be a highly connected, carrier-neutral data centre, designed to support the latest AI technologies and provide access to a broad ecosystem of global and regional connectivity providers. ROM1 will also be equipped with the capacity to support and interconnect with multiple subsea cable systems, promising to position the site as a strategic hub and gateway linking Europe, Africa, the Middle East, and Asia. Strategically located within 15 kilometres of the coast, ROM1 will offer over 3MW of installed IT capacity upon completion, with future expansion under consideration across the 22-hectare site – equivalent to approximately 2.3 million ft² or around 213,677 m² – making it one of the largest data centre campuses in the country when fully built out. "Rome is not only a key economic hub in Southern Europe, but also a critical entry point to the broader Mediterranean – a region that is fast emerging as a vital gateway for global connectivity," sats Alessandro Talotta, Managing Director, Digital Realty in Italy. "ROM1 represents a major milestone in our strategy to build out a dense network of highly connected, sustainable data centre hubs across key growth markets, enabling our customers to scale their digital infrastructure and reach across Europe, the Middle East, and beyond.” ROM1 will complement Digital Realty’s existing presence in other Mediterranean locations including Athens, Marseille, Zagreb, and the recently launched HER1 facility in Crete. It also precedes the forthcoming planned development of a new interconnection hub in Barcelona as part of the company’s expansion across Europe’s southern edge. According to Digital Realty, ROM1 is expected to contribute to faster, more resilient connectivity across Southern Europe and could significantly reduce latency between northern and southern Italy, bolstering the country’s competitiveness on the global stage. In line with the company's global sustainability strategy, ROM1 will be matched with 100% renewable energy, supporting the data centre provider's goal to minimise environmental impact while meeting growing demand for digital infrastructure. The ROM1 data centre is currently on schedule to be completed in 2027 and marks the first phase of a larger campus. For more from Digital Realty, click here.

Frankfurt becomes 1GW DC market, closing in on London

The colocation data centre market in Frankfurt grew past the 1GW mark in Q2 2025 and narrowed the gap with London, Europe’s largest market, in the process. According to new research from US commercial real estate company CBRE, the Frankfurt market closed at 1.02GW in the second quarter, including 26MW of new capacity. Frankfurt, Europe’s second-largest market, is now just 114MW smaller than London, the largest market since CBRE initiated coverage of colocation data centres in 1999. Over the past decade, the supply of Frankfurt has grown 20% per annum, on a compounded basis. The growth of Germany’s financial capital has largely been driven by hyperscalers and digital service providers whose investment has led to new developments in the metro area and expansion efforts in submarkets such as Offenbach. “Frankfurt’s growth is remarkable given the difficulties providers are having securing the necessary power, appropriate land, and the regulation that providers must consider within the city,” comments Andrew Jay, Head of Data Centre Solutions, Europe at CBRE. “Nevertheless, interest in Frankfurt remains particularly high, driven by the need to deliver digital services, as well as keeping sought-after supply away from competitors.” Dirk Turek, Associate Director, European Data Centre Research at CBRE, adds, “Frankfurt’s high growth period began in 2019, when hyperscalers expanded their presence in the market. "Frankfurt’s growth potential is still relatively high, though additional demand is unlikely to be met by providers in the city’s largest data centre clusters, given electricity grid constraints. Established submarkets in Frankfurt will grow, albeit slowly, while new submarkets are formed.” For more from CBRE, click here.

Cresa launches DC capital markets platform

Cresa, a US-based commercial real estate advisory firm, has launched a new Data Center Capital Markets and Advisory platform following the appointment of Michael Morris, Sumner Putnam, and Matt Deutsch, previously of Newmark. The team, which has led data centre transactions across more than 50 global markets, will expand Cresa’s service offering to include advisory, transaction structuring, and capital markets services focused on major data centre projects. Michael Morris, who will lead the new platform as President, has been involved in more than 1,000 data centre real estate transactions and brings decades of experience to the role. He will be based in Cresa’s New York City office and supported by colleagues across the United States. “The data centre infrastructure expansion underway is one of the most important technological challenges of our time,” says Tod Lickerman, CEO of Cresa. “Michael and his team are true data centre leaders and provide significant, unique advantages to our clients with strong insight, advocacy, and the ability to get deals done.” Michael previously served as Vice Chairman at Newmark and established the firm’s data centre practice almost two decades ago. His past client list includes Digital Realty Trust, Verizon, CyrusOne, Memorial Sloan Kettering, CoreSite, New York University, Landmark Dividend, Chevron, and multiple hyperscale providers. He holds data centre design qualifications including Certified Power Quality Professional (CPQ) and Data Center Dynamics Cooling Professional, and an MBA in Finance from the Zicklin School of Business at Baruch College. “I am pleased to be joining Cresa to build a global practice,” comments Michael. “I was drawn to the firm’s shared vision, and I’m looking forward to serving as a board advisor to help shape its future.” Sumner Putnam joins as Managing Principal. He was also part of Newmark’s data centre team and previously worked at JLL. His expertise includes site selection, lease negotiation, and colocation agreements, with experience supporting clients such as CyrusOne, NYU, HSBC, Bank of America, Tumi, and Mapletree. The team also includes Cresa Senior Analyst Mackensey Gawne, and will collaborate with global data centre specialists from Cresa’s international partner, Knight Frank, with whom Morris has worked for nearly 25 years. The group will support a range of client types, including landlords, tenants, buyers, and sellers. In addition to its focus on data centre and mission-critical environments, the team will continue to support office sector clients with broader real estate requirements.

Echelon announces €2bn for Spanish data centre construction

Echelon Data Centres, an Irish-owned developer and operator of large-scale data centre infrastructure, has announced the signing of a joint venture (JV) agreement with Iberdrola, a global renewable power producer, to build and operate data centres in Spain. Echelon’s major shareholder is Starwood Capital Group, a global private investment firm with approximately $115 billion (£85.72 billion) in assets under management in North America, Europe, and Asia. Driven by the growing demand for cloud and AI services, the agreement is intended to expand Echelon’s international data centre portfolio with 100% of its Spanish power infrastructure and energy supply needs provided by Iberdrola. Echelon will be responsible for the planning, design, commercialisation, and day-to-day management of the JV, while Iberdrola will source and secure suitable land plots with grid connectivity for data centre development, as well as ensuring a continuous 24/7 supply of clean energy. Echelon will own 80% of the JV, with Iberdrola owning the remaining 20% through its dedicated digital infrastructure subsidiary, CPD4Green. Echelon Data Centres has more than 600 MW of capacity either operational or in planning in Ireland and the UK. CPD4Green has already secured more than 700MW of power connections, including Tier-1 locations close to Madrid and in Aragon. The first of the JV projects to be constructed will be Madrid South, a 160,000m² campus, expected to reach ready for service by 2030. The site has already secured a power connection of nearly 230 MW. An on-site solar PV facility will supply the DC with renewable energy, complemented by additional clean energy capacity from Iberdrola. The alliance between Echelon and Iberdrola aims to enable renewable energy generation and infrastructure to realise a sustainable future for data centre development across Spain. The collaboration is underpinned by guarantees to generate and consume renewable energy to support the operation of the data centres on a long-term basis. These data centres will align with the sustainability targets of both Echelon Data Centres and Iberdrola while also aligning with the objectives of the EU’s Climate Neutral Data Centre Pact. Commenting on the new partnership, David Smith, Chief Investment Officer at Echelon Data Centres, says, “Entering the Spanish data centre market has been a strategic goal for Echelon for several years. "Spain has material benefits as a market for our customers: a supportive regulatory and policy environment, high-quality talent from both a construction and operational perspective, and access to some of Europe’s lowest price renewable energy, in scale. "Our partner, Iberdrola, is a world leader in building and operating generation assets and we are delighted to have this opportunity to partner together to deliver critical infrastructure for our customers.” David Mesonero Molina, Corporate Development Director of Iberdrola, adds, "This agreement reinforces Iberdrola's strategy of facilitating the development of data centres, which have already become a key vector for the growth in electricity demand. "The alliance signed with Echelon will allow us to value our portfolio of sites with access to electricity connection and our ability to offer these infrastructures safe, clean, and competitive energy 24 hours a day, 365 days a year." For more from Echelon Data Centres, click here.

Quantica launches to accelerate data centre site development

Quantica Infrastructure, a US-based company that develops integrated systems for clean energy infrastructure projects, has officially launched with the aim of streamlining data centre deployment across North America. The company says it focuses on delivering "shovel-ready" sites that combine access to renewable energy, traditional grid power, and robust network connectivity. By offering an integrated, pre-prepared model for data centre development, Quantica aims to reduce project risk, speed up delivery, and simplify logistics. The company also emphasises a holistic approach that accounts for both environmental and community benefits. Quantica is backed by the Energy Transition arm of EnCap Investments, a US-based private equity firm that has raised approximately $47 billion (£35 billion) in capital since its founding in 1988. Together, the two companies aim to address infrastructure constraints in a market where demand for data centre capacity is rapidly increasing. “Hyperscale and AI growth are demanding better solutions for power, land, and network connectivity,” says John Chesser, CEO and founder of Quantica Infrastructure. “Quantica unlocks new opportunities by delivering shovel-ready, network-ready sites with dedicated renewable energy and resilient power supplies, so our customers can focus on innovation, not infrastructure logistics.” Quantica’s leadership team includes professionals with experience across the energy, network, and data centre sectors. Collectively, they have delivered more than 15GW of energy projects, constructed large-scale data centre campuses in 22 US states, and developed regional and international networks for global technology clients. “Quantica’s platform is the solution needed to break through current barriers to AI and digital infrastructure expansion,” claims Jim Hughes, Managing Partner at EnCap. “It gives us the opportunity to invest across the full spectrum of digital infrastructure – from renewable power generation to real estate and network connectivity. We’re excited by Quantica’s project pipeline and the momentum behind digital infrastructure growth.”

Ryze develops brand for data centre newcomer, Latos

UK creative agency Ryze has delivered a full brand identity for Latos, a fast-growing data centre developer building a UK-wide network of AI-ready facilities to support the country’s digital infrastructure. From strategic positioning through to messaging, identity, and digital design, Ryze has developed the Latos brand from the ground up. With a focus on fast-scaling technology and SaaS firms, the agency says it aimed to deliver a brand that communicates Latos’ ambition to build smarter, more sustainable infrastructure without the use of technical jargon. The project arrives at a time of rising demand for UK data centres, driven by increased AI adoption and government infrastructure investment. Chipmaker NVIDIA recently identified the UK as a “critical node” in its global expansion strategy. David Smith, Founder of Ryze, comments, “The Latos brand evokes ambition, energy, and a sense of clarity. "Visually, we avoided the conventional clichés of the sector and instead built a brand that moves – a timeless, modern foundation with a dynamic, confident colour palette and a distinctive icon set that adapts to different platforms and partners. "It’s a future-facing brand for a future-building company.” Peter Wilcock, Board Member at Latos, adds, “We’re not interested in doing what everyone else does. The market’s already full of that. "Our vision is about scale and creating smarter, more agile builds that fit the needs of today’s digital infrastructure. "Having a brand that reflects that disruption isn’t just useful, it’s essential. It’s how we connect with the right partners and show the market who we are.” Latos is currently developing 11 UK sites, with plans to establish 40 facilities by 2030. The company’s standardised designs are intended to enable faster rollout and regional deployment, with all sites built for high-performance computing and real-time AI. “This wasn’t just about giving Latos a logo but about shaping a brand that could open doors, attract capital, and be bold in a sector where most look and sound the same,” David concludes. “That thinking runs through all of our work, whether it’s for a SaaS platform or data centre developer, because strong branding isn't defined by sector or subject matter, but by ethos and purpose.”

W Denis launches insurance offering for data centres

W Denis, a UK-based, independent insurance broker, has launched a new specialist division focused exclusively on insuring data centres and their integrated power generation infrastructure. W Denis’ new division is unique in the insurance market by offering dedicated cover not only for the data centre buildings, plant, and technology, but also for the electricity generation assets, such as traditional CHP through to modern clean/green tech power, solar, wind, and hybrid systems, which provide resilience and independence from grid failures. Capacity in the billions (£/€/$) is available through either direct insurance or facultative reinsurance structures, arranged with global insurers and reinsurers. This enables support for single-site, multi-site, and portfolio programmes across diverse geographies. The offering includes a range of risk and insurance solutions for all phases of a data centre’s lifecycle: • Construction all risks (CAR), including delay in start-up• Operational property damage and machinery breakdown• Business interruption, including utility failure triggers• On-site power generation asset insurance• Third-party legal liabilities• Legal indemnities (e.g. planning, easements)• Cyber, data breach, and E&O exposures• Specialist claims support and advocacy In addition to insurance placement, W Denis says it provides clients with risk management consultation during pre-design, construction, and operational stages. This includes engineering risk reviews, loss prevention advice, and support with resilience planning. Mark Dutton, Chief Commercial Officer at W Denis, comments, “Data centres are among the most critical and energy-intensive assets in the modern economy. Our new division recognises that effective insurance must cover both the data and the power that keeps it alive. Our clients benefit from deep technical expertise, strong capacity, and joined-up coverage from build to operation.”

Panattoni launches into data centres with senior hires

Panattoni, a logistics real estate developer in Europe, has launched a new initiative to develop data centres across Europe, the UK, India, and the Middle East with the appointment of four senior specialists. Panattoni’s new dedicated data centres team will be led by Richard Wellbrock, who joins as Managing Director, Data Centres. He brings more than 25 years of real estate experience, including almost 20 years focused on the development of data centres - most recently, as Chief Commercial Officer at Colt Data Centre Services (DCS), a global data centre operator. Richard played a role in delivering large-scale data centre campuses across Europe and Asia, driving growth from 100MW to 1GW, including supporting a $1.5 billion (£1.1 billion) joint venture with Mitsui. Joining Richard Wellbrock at Panattoni are Nick Parker, Head of Capital Deployment; John Belton, Head of Development; and Paul Terry, Infrastructure Director. Nick Parker, who was previously Global Senior Director of Asset Management at Colt DCS, where he led more than €5 billion (£3.67 billion) in capital deployment strategies, supported transactions of around 250MW with hyperscale customers and played a role in structuring international joint ventures and investment strategy across India, Japan, and Europe. John Belton, who served as Global Senior Director of Development at Colt DCS, has around 40 years’ experience in engineering and data centre development. He managed Colt DCS’s global development portfolio, creating a pipeline capable of delivering more than 1GW of IT load across multiple countries. Paul Terry, who was Colt DCS’s Global Director of Development Infrastructure, led infrastructure design and delivery from land acquisition through to handover, managing major utility and technology programmes. All four will be based in London and report to Robert Dobrzycki, CEO and Co-owner of Panattoni Europe, UK, Middle East, and India. Robert Dobrzycki, CEO, comments, “This is a significant new chapter for Panattoni. Data centres are essential infrastructure for the modern economy and we are now building a world-class platform to deliver them. Richard and his team bring exceptional experience and insight.” Richard Wellbrock, Managing Director, Data Centres, adds, “Panattoni has an outstanding track record of development at scale and pace. With our team now in place, we’re looking forward to growing the business across Europe, the UK, India, and the Middle East, supporting hyperscalers, cloud providers, and enterprise customers with high-quality data centre solutions.” Panattoni’s expansion into data centres builds on its existing experience in large-scale industrial and logistics development, which has seen it deliver more than 23 million m² across Europe.

The data centre boom will continue to accelerate

The data centre market, which has been expanding for a long time, has continued to gather pace over the past five years and has become a veritable boom. Cloud providers such as AWS (Amazon Web Services), Microsoft, Google and Oracle are the main drivers of the ever-increasing demand. As a result, data centres have now become an attractive and high-performance investment alternative to traditional commercial real estate. Against the backdrop of advancing digitalisation in all areas of life and the economy, not least in what is perhaps the most important growth market of artificial intelligence (AI), the demand for data centres will continue to increase in the coming years. At the same time, investor interest will also grow noticeably, so there is much to suggest that data centres will have the greatest growth potential of all asset classes in terms of capital values over the next one to two years. As early as 2000, BNP Paribas Real Estate recognised the long-term opportunities and prospects of this market and established a separate division that focuses exclusively on the data centre asset class, as well as operators, end users and investors. Even during the dotcom boom up to 2005, BNP Paribas Real Estate brokered numerous transactions through the sale of properties in Europe. Over the past 10 years, the Data Center Solutions team has not only confirmed the market leadership it has built up over many years in Germany but has also significantly expanded it. Since 2018, the division, which is led by Arno Petzold in Germany and comprises seven consultants across the country, has advised on a total of 26 sales of green and brownfield sites to data centre developers and operators in Frankfurt and Berlin with a total area of around 875,000m² and a transaction volume of over €860 million. In the two most important German markets for data centres, Frankfurt and Berlin, BNP Paribas Real Estate has been involved in almost all brokered transactions in this market segment. In the Frankfurt market area alone, the property consultant has advised on and brokered 21 transactions in the past five years. These transactions played a key role in Frankfurt-Sossenheim becoming the new hotspot of the data centre market; All the data centre project sites developed there for CyrusOne (formerly Zenium), Digital Realty Trust and Colt were brokered by the Data Center Solutions team. Other landmark transactions included the two mandates of BEOS AG for the sale of the Osthafen IT and business park on Frankfurt's Ratswegkreisel and the implementation of a structured bidding process for the partial sale of a data centre project site in the FRANKFURT WESTSIDE development area for a project company of BEOS and Swiss Life Asset Managers in FrankfurtGriesheim. BNP Paribas Real Estate also brokered the site of the former Coca-Cola bottling plant in Liederbach am Taunus near Frankfurt (which Coca-Cola closed last summer after more than 50 years) to Stack Infrastructure. Four data centre construction phases with a planned capacity of 80 MVA are being built on an area of around 70,000m². The Data Center Solutions team is currently working on over a dozen other projects throughout Germany. The challenge is to find suitable plots of land for the customers, among other things, with the ability to obtain planning permission, the availability of electricity or the utilisation of waste heat. The specialists at BNP Paribas Real Estate can draw on many years of experience and their corresponding, highly complex knowledge of the market.

DCI Data Centres appoints group CEO

DCI Data Centres (DCI) has announced the appointment of Nicholas Toh as the group Chief Executive Officer. Nicholas is an industry veteran with more than 20 years’ experience across data centres, finance and real estate investments. He joins DCI from STT Global Data Centres, where he was one of the key founding team members, having been instrumental in the growth and development of the business, most recently as CEO, North-East Asia. During his time with STT GDC, he led market entry into the mature markets of UK and Japan as well as strategic investments and partnerships into India, South Korea, Indonesia, and the Philippines. Prior to joining STT, he was Senior Vice President at Securus Data Property Fund. An Australian national, Nicholas has also worked for Macquarie Group within the Banking and Financial Services group, as well as within Macquarie’s Real Estate group. DCI Chair and Brookfield Global CEO Data Centres, Udhay Mathialagan says Nicholas brings an impressive track record in building data centre businesses across multiple geographies, marking a strategic milestone as DCI enters an accelerated growth phase. “Nicholas’s appointment strengthens DCI’s growth trajectory as we look to build on our rapid growth in Australia and New Zealand by deepening our geographic and product strength in these markets in addition to targeted expansion across Asia. I am delighted to welcome Nicholas to the team,” adds Udhay. “DCI’s growth and commitment to scale makes it an exciting time to join the company. DCI’s customer centric approach and ability to provide innovative solutions has enabled them to be a trusted partner, and I look forward to continuing to build the business and usher in new successes for our hyperscale customers,” Nicholas says.