European Edge firm AtlasEdge is planning to develop data centers in Portugal.
The company this week announced its entry into the Portuguese market with the acquisition of two adjacent sites in Lisbon that will deliver more than 20MW of IT load.
The sites are located in Carnaxide, within the Lisbon Metropolitan Area, a highly strategic destination in close proximity to Carcavelos, the landing point for multiple subsea cables.
The company has broken ground on at least one of the sites, but timelines for launch weren't shared.
AtlasEdge said it plans to invest more than €500 million ($534m) in the projects.
“Our entry into the Portuguese market provides us with a key foothold in one of Europe’s emerging tech hubs and a market where demand for capacity is rapidly outstripping supply,” said Giuliano Di Vitantonio, CEO at AtlasEdge. “The progress we have made to date has been remarkable, and our push into the Lisbon market represents a continuation of our bold and agile approach.”
Both sites will be delivered by AgileEdge, a newly-announced proprietary design AtlasEdge has developed that uses a mix of modular construction, traditional onsite build, and smart supply chain management. The company said AgileEdge facilities are designed to flexibly support high-density deployments – in any room, and any rack.
The sites will be able to recover and reuse waste heat.
AtlasEdge was formed as a joint venture between telecoms company Liberty Global and digital infrastructure fund DigitalBridge in 2021, using facilities from Liberty’s telecoms companies and DigitalBridge’s European Edge assets. Digital Realty has since invested in the company.
In November 2021, Atlas acquired twelve data centers across Europe from Colt Data Centre Services (DCS). The company is also building two data centers in Manchester and recently launched a new facility in Hamburg, Germany, and acquired a facility in Vienna, Austria.
“This is a hugely encouraging development for our municipality and one which is a testament to our growing reputation as a trusted partner to international technology businesses,” said Isaltino Morais, Mayor of Oeiras.
“During our early conversations with the AtlasEdge team, we were impressed by their clear commitment towards being a good neighbour, and we look forward to collaborating with them on delivering an outstanding facility that benefits the wider community.”
