Exclusive. Private real estate fund to build 420,000 sqf data centre in Frankfurt
JLL acted as adviser during the land acquisition process. Building will count with a minimum power supply of 35 MVA.
A private real estate fund has acquired a 280,000 sqf piece-of-land in East Frankfurt with the intention to build one of the largest data centres within the Frankfurt metro area, Data Economy can exclusively reveal.
The data centre building will have a gross floor area of nearly 420,000 sqf with a minimum power supply of 35 MVA, diversely routed to site.
Technical space will account to 172,222 sqf utilising an average floor power density of 1.5 kW/sqm.
According to sources, the fund has started a number of discussions which are “well progressed”, with a view to the building being fully pre-committed prior to commencing construction.
The scheme will purposely be delivered to a powered shell specification, to enable any occupier to construct a bespoke M&E solution, to meet their or their clients’ requirements.
The fund have undertaken a detailed M&E concept design, advised by Deerns, which has been used for planning purposes.
As the building will be finished to a powered shell condition, the building can cater for higher power densities and further power is available from German energy supplier Mainova upon application.
The fund has been advised by Alex Tilley, Director of JLL’s European Data Center team.
Tilley said: “It has been fantastic to be able to advise on such a strategic acquisition for the fund. The timing and placement of the scheme is excellent, given the fact there are no provisioned data centre sites, which are not controlled but DC operators, available within the metro area, meaning this is a perfect entry point or expansion opportunity.
“The Frankfurt market is extremely buoyant, with JLL tracking over 25 MW of colocation demand, together with a number of large End User and Operator land/building requirements.
“The location of this site caters exceptionally well for these requirements, given its access to power, vast range of Tier I and Tier II carrier networks and a vendor that is not focussed on delivering M&E, only the powered shell.”
Tilley also said his team at JLL is currently working in a number of other acquisition and investment projects, including a big lease of a data centre shell to a global telco.