Post by asadul7172 on Feb 15, 2024 6:53:12 GMT -5
When we talk about foreign investors in the real estate market we imagine companies or people who acquire properties to build offices or rent homes . But what would happen if we told you that the next real estate revolution in Spain aims to acquire properties to install data centers? The future is already here and we have evidence: Amazon Web Services is building a tower of three data centers in Aragon. The coronavirus pandemic and the urgent digitalization of all sectors have benefited the growth of data centers, since they increased the need for companies to have a large volume of information housed in specialized spaces. And the good news is that Spain constitutes an attractive investment focus for this type of assets. Currently, the most important development in our country is in Aragón, where Amazon Web Service is building a new campus with three data centers. Each of them will have more than one hundred megawatts of power and their works have already begun. This project makes Spain the fastest growing market in Europe. Google and Microsoft have also confirmed their intentions to open new cloud regions in our country. The history of data centers in Spain The precursors of data centers in Spain made their first landing in 2001, motivated by the demand exerted by the banking sector at that time.
And although the 2008 financial crisis slowed its growth, the coronavirus pandemic has managed to resume the digitalization of the market and, with it, the need to have data centers where user information can be stored. In this regard, a study recently carried out by PwC and the Urban Land Institute shows how data centers and telecommunications towers are beginning to attract the attention of real estate agents. Investments in this type of asset are expected to skyrocket in 2021, as it “will benefit from the Belize Email List increasing pace of digitalization across Europe, a positive trend reinforced by the coronavirus,” the report explains. “Both data centers and communication towers, two very specific niches within the real estate sector, will be the big beneficiaries in a world in which we buy, communicate and work online .” data centers Data centers are the most profitable real estate assets in the United States Knowing the profitability of these assets in the United States allows us to anticipate the potential profitability they will have in Spain. And during 2020, data centers presented a profitability of approximately 19%. As expected, demand for this type of real estate skyrocketed in the North American country during 2020, when the coronavirus pandemic imposed the need to digitalize and modify our consumer habits.
Currently, in the state of Virginia, works are being developed to add 365 thousand square meters of data centers . However, American actors are also analyzing building platforms outside North American borders. It is then that Spain becomes an investment focus along with other countries in Europe, Asia and South America. Madrid, the preferred destination for data centers The data center market continues to grow in Spain in general and in Madrid in particular. The main reason that attracts investors is the excellent fiber optic connectivity that we have. In this regard, the real estate consultancy Knight Frank maintains that: “Over the last 12 months, Madrid has become a key target market in Europe for data center operators and institutional investors, a fact that is supported by the low supply of Tier 3 or higher data centers and by “the excellent fiber optic connectivity that the city has.” “Currently, the Madrid market has a significant amount of new data supply in the construction or, at least, planning phase. Global Switch also added 4MW of power […], intensifying its data rooms in Madrid in the third quarter and increasing total supply.
And although the 2008 financial crisis slowed its growth, the coronavirus pandemic has managed to resume the digitalization of the market and, with it, the need to have data centers where user information can be stored. In this regard, a study recently carried out by PwC and the Urban Land Institute shows how data centers and telecommunications towers are beginning to attract the attention of real estate agents. Investments in this type of asset are expected to skyrocket in 2021, as it “will benefit from the Belize Email List increasing pace of digitalization across Europe, a positive trend reinforced by the coronavirus,” the report explains. “Both data centers and communication towers, two very specific niches within the real estate sector, will be the big beneficiaries in a world in which we buy, communicate and work online .” data centers Data centers are the most profitable real estate assets in the United States Knowing the profitability of these assets in the United States allows us to anticipate the potential profitability they will have in Spain. And during 2020, data centers presented a profitability of approximately 19%. As expected, demand for this type of real estate skyrocketed in the North American country during 2020, when the coronavirus pandemic imposed the need to digitalize and modify our consumer habits.
Currently, in the state of Virginia, works are being developed to add 365 thousand square meters of data centers . However, American actors are also analyzing building platforms outside North American borders. It is then that Spain becomes an investment focus along with other countries in Europe, Asia and South America. Madrid, the preferred destination for data centers The data center market continues to grow in Spain in general and in Madrid in particular. The main reason that attracts investors is the excellent fiber optic connectivity that we have. In this regard, the real estate consultancy Knight Frank maintains that: “Over the last 12 months, Madrid has become a key target market in Europe for data center operators and institutional investors, a fact that is supported by the low supply of Tier 3 or higher data centers and by “the excellent fiber optic connectivity that the city has.” “Currently, the Madrid market has a significant amount of new data supply in the construction or, at least, planning phase. Global Switch also added 4MW of power […], intensifying its data rooms in Madrid in the third quarter and increasing total supply.