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Data Center News > Blog > Investments > Data4 Plans €1 Billion Italian Investments Including Data Center
Investments

Data4 Plans €1 Billion Italian Investments Including Data Center

Last updated: April 27, 2024 10:45 pm
Published April 27, 2024
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Data4 Plans €1 Billion Italian Investments Including Data Center
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Knowledge middle operator <-bsp-bb-link state=”{“bbHref”:”bbg://securities/1245609Dpercent20FPpercent20Equity”,”_id”:”0000018f-1fe0-d583-afbf-dffcaf460000″,”_type”:”0000016b-944a-dc2b-ab6b-d57ba1cc0000″}”>Data4-bsp-bb-link> plans to create a brand new campus in Milan known as “Mil02” in an effort to broaden its Italian attain.

The corporate bought a 77,000-square-meter (829,000 sq. toes) parcel of land the place it can construct eight knowledge facilities, in response to a press launch on Saturday. The power shall be its second funding in Italy, after establishing one other middle that’s additionally near Milan.

A digital impression of the brand new campus in Milan known as Mil02.

Supply: Data4

The brand new campus – in Vittuone, west of town – is anticipated to be accomplished by 2027 and represents an actual property funding of €500 million ($535 million).

“For the event of …

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See also  Meta to build $800 million next-generation data center in Alabama
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