22 Feb

European colocation data centres hit new record

Posted by Alexandra Hayward

Industry proves it is here to stay and remains as one of the few that continues to grow on a yearly basis.

The European data centre colocation market has across the continent’s four major hubs hit a new record in terms of power.

Frankfurt, London, Amsterdam and Paris has together registered a power uptake of 155MW in 2016, according to real estate advisor, CBRE.

Amsterdam (54WM) became the first market in history to see more than 50MW of take-up in a single year, whilst London (49MW) and Frankfurt (34MW) recorded more take-up than any individual market had done in any year before 2016; the previous high was London with 29MW in 2010.

The Paris market saw 17.6MW of take-up in the year, which is over seven times that of a particularly poor performance in 2015 (2.5MW).

CBRE said this was, in percentage terms, the largest increase from any market on the previous year.

Andrew Jay, Executive Director, Data Centre Solutions, at CBRE, said: “The record level of take-up in 2016 was totally unprecedented. Q4 alone saw almost as much activity as any other full year. Over the course of 2016 all four markets saw more take-up than they each did in the previous two years combined. The numbers are quite astounding.

“Cloud continues to dominate the landscape, with 70% of deals coming from this sector. These hyperscale cloud deals that once would have been unusual became the norm.

“We predict that cloud take-up will continue to increase in size as more hyperscale providers turn to large-scale build-to-suit facilities as an effective speed to-market option.”

Sourced by: Data Economy