Investment into data centres across Europe has boomed over H1 this year, rocketing to £23.5bn as Covid-19 sparks a rise in demand for remote working and companies continue to operate digitally.
According to research conducted by Knight Frank and DC Byte, investment into data centres during the first half of the year hit £23.5bn, compared with the annual average investment figure of £3.85bn.
It also marked a boom compared with last year’s total investment volume, which stood at £1.5bn.
Take-up across the market increased by 50% since last year.
Madrid, Copenhagen and Warsaw were the fastest-growing European data centre markets.
Knight Frank head of EMEA and APAC data centres Stephen Beard said: “There are often a lot of assumptions made in the market, typically based on how countries have delivered in the data centre sector in the past. A number of these new findings will challenge that thinking.
“We predict that the sector will only continue to grow in importance, particularly given the increased remote working and digitisation of companies as a result of the Covid-19 pandemic.”
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