Real estate investment and development firm Aurea Finvest has announced plans for an 800MW data center project in Sumaré in the state of São Paulo, Brazil.

Sao Paulo
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The project, which will see R$5 billion (US$830.3m) of investment, is set to span 500,000 sqm with 300,000 sqm of built area.

Aurea Finvest told DCD that construction is expected to begin in around 18 months. Further specifications and details have not been shared.

The company is in talks with regulatory bodies concerning energy capacity.

The announcement is part of Aurea Finvest’s strategy to focus on data center investments. In December last year, the company sold the land that is now set to house Tecto’s 200MW data center, also in São Paulo.

“Brazil has stood out on the international stage as one of the most promising markets for data center infrastructure. The combination of renewable energy sources, low incidence of natural disasters, and favorable geography positions the country as a strategic hub for global operations,” said Marcelo Hannud, CEO of Aurea Finvest.

He added the company chose Sumaré because of its robust infrastructure and proximity to important power transmission networks.

Aurea Finvest has more than 35 years of experience in the real estate sector. The company says it manages all asset development phases, from conception to sale.

The likes of Ascenty, Digital Realty, and Microsoft operate data centers in Sumaré. Microsoft launched a São Paulo Azure cloud region – known as Brazil South – in Campinas in 2014. It was expanded to three availability zones in 2021.

A version of this story is also available on our Brazil site.