Eastern Europe is in the data centre news again, thanks to a new deal planned for Poland and potential investment by a recently established fund in even more data centres across the region.
According to French press reports, French data centre firm Data4 has announced plans to invest more than €100 million ($118.6 million) within three years, and up to €200 million by 2025 in its first campus in Poland.
The campus will be situated on four hectares of land and will have 50MW of capacity when fully built out.
Data 4 is owned by AXA Investment Managers. It already owns 21 data centres in France, Italy, Luxembourg and Spain.
Slightly more tentative is the news, revealed on the Data Centre Dynamics website, that the Three Seas Initiative Investment Fund (3SIIF), which is backed by a number of state-owned banks and focused on eastern Europe, may spend some of the more than €1 billion ($1.186 billion) it has at its disposal on digital infrastructure.
Among the investments it has made to date (it was was established in 2019) are a December 2020 investment in Estonian data centre firm Greenergy Data Centres. Around the same time it also acquired MCF Group Estonia, which is developing a large data centre outside Tallinn, which is due to come online this year. MCF Group is reported to be planning more such developments across the CEE region in the future.
While transport and energy are also target investment areas, 3SIIF’s website says: “There is a significant requirement for investment in digital infrastructure in order to service growing demand for digital services.”
We shall see. The company specifically targets the so-called Three Seas Region and the 12 countries which border the Baltic, Adriatic, and Black Seas, namely Austria, Bulgaria, Estonia, Croatia, Lithuania, Latvia, Poland, Romania, Slovakia, Slovenia, the Czech Republic, and Hungary.