Friday, 22nd October 2021
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2019 European colocation take-up surpasses 200MW

A strong Q4 ensured that the four largest colocation FLAP markets of Frankfurt, London, Amsterdam and Paris reached a combined 201MW in take-up for 2019 – a new European record, according to the Q4 European Data Centres Report from CBRE, the world's leading data centre real estate advisor.

CBRE analysis shows that Frankfurt was the star performer during 2019, responsible for 45% of the 201MW. This is both the first time Frankfurt has topped the annual rankings and the first time any European market has seen 90MW of take-up in a single year. Furthermore, half of the pre-let capacity in facilities under construction also took place in Frankfurt.

CBRE expects that take-up in the core FLAP markets will remain high at 200MW for the next two years as the hyperscale companies continue to utilise wholesale colocation services in these markets.

The developer-operators, confident of prolonged strong demand, are now building at a larger scale than ever before to secure these requirements. To this end, there was 314MW of new capacity brought online in the FLAP markets during 2019, equating to a 24% market growth This new capacity would require EUR 2.2bn of capital to deliver.

Mitul Patel, Head of EMEA Data Centre Research at CBRE, commented:

“The data centre market in Europe continues to grow like no other and represents one of the most exciting asset classes anywhere. The 201MW procured in 2019, as well as pre-lets and optioned capacity, is a remarkable achievement. Our expectation is that this level of activity will continue as the hyperscalers continue their accelerated procurement of data centre services.”

“As the hyperscale companies roll out their services more widely across Europe, the rate of hyperscale procurement of data centre capacity in other European cities will increase rapidly. As a result, markets such as Madrid, Milan, Warsaw and Zurich, will witness a substantial increase in colocation activity.”

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