Thor Equities Group to Acquire and Develop USD 600m Data Centre in Spain.

MANews-(C)2009-2022

US-based real estate company Thor Equities Group has signed a contract to acquire and develop a EUR 600m data center facility in Madrid, 'Madrid One', the company said.

The project represents the first asset in the firm's new specialized data center division, Thor Digital.

The sustainability led 200,000 square meter campus, offers phase one committed power of up to 20mw IT load growing to over 100mw.

Accordign to Thor Equities, project is at an advanced stage of design and permitting with intent to commence construction later this year.

As part of the project Thor have selected a local team of partners Arnaiz, a local operating partner and specialists in land promotion and development Quark, Madrid's data center engineering company, and Frank Hassett (Global Data Center Design), to develop the campus and ensure best-in-class solutions aligned to the requirements of our customers.

Thor has appointed...

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