Investment firm Avaio is in talks to potentially sell four plots of land earmarked for data centers.

React reports that Avaio Digital is offloading three development sites in the US and one in Madrid, Spain, in a deal that could be worth up to $400 million.

However, the company told DCD it is yet to sell off any sites and is currently exploring its options.

“We are currently exploring with Newmark a sale of a small number of our sites," an Avaio spokesperson told us.

They continued: “We remain very committed to the data center space and have a large portfolio of powered data center sites under development in the US and Europe.”

The company did confirm, however, that the three sites in the US and one site in Spain were the sites being considered for sale.

Founded in 2016, Avaio Capital is a US infrastructure investment firm focused on the digital, water, energy transition, and transportation sectors. The company launched Avaio Digital Partners in early 2021 to focus on build-to-suit development and construction of sustainable hyperscale data centers in the Americas and Europe.

With $375 million in funding, Avaio said at the time that it had a pipeline of hyperscale projects already under development in the US, Canada, and Western Europe representing more than 400MW of capacity.

The company has since acquired two plots of land earmarked for data centers in Killala, Ireland; announced plans for a 50MW project outside Ottawa, Canada; and acquired a defunct golf course in Pittsburg, California, on which it plans to develop a technology park and data center.

According to Avaio’s website, the company has data center sites under development in Gatineau, Canada; Ruther Glen in Virginia’s Caroline County; Pittsburg, California; Algete, Spain; and Killala, Ireland.

Further sites listed as under negotiation include ‘Western Ireland’; Barcelona, Spain; Berlin, Germany; Appomattox, Virginia; Jackson, Mississippi; Little Rock, Arkansas; and ‘Central Texas.’