DATA CENTRES looking to capitalise on success from key markets to maintain sustainable annual growth , such as London , Frankfurt and Paris ,” he explains .
However , he adds that “ we are also reviewing new market entries when those markets demonstrate the following characteristics - strong GDP ; recently established hyperscale region ; epicentre of initial availability zones ; limited supply and competition .”
The holy grail of this second aspect of CyrusOne ’ s strategy would appear to be Spain .
“ The increase of construction costs is also a big trend that we are seeing hit Europe right now , which is in contrast to the monopolistic customers seeking to drive headline leasing rates down ,” says Pullen . As rising costs continue to make life harder for new data centre developments in mature markets , CyrusOne is also expanding its footprint with a new data centre in Madrid . “ This is our first planned European facility outside of the traditional data centre market hubs ,” Pullen explains , adding that the 21 MW facility will allow CyrusOne ’ s customers “ to rapidly scale digital transformation strategies by deploying critical infrastructure at the heart of this enterprise and emerging hyperscale market .”
Spain is a particularly attractive market for new developments , according to Pullen . “ There has been a major acceleration of data centre capacity in Spain over the last few years , and in 2020 Madrid was one of the fastestgrowing European markets ,” he explains . “ Our investment in the region is another milestone on our European roadmap as
CyrusOne - Hybrid Cloud
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