Data center real estate investment trust CyrusOne is to build a new data center in Madrid, Spain.

In its most recent earnings report, the company noted how it had acquired five acres of land in Madrid. The company announced this week it purchased the freehold of a five-acre site in Alcobendas, Madrid, and plans to build a new data center.

– CyrusOne

Madrid I will be a single two-story building with 21 MW of power capacity providing a total area of 6,000 square meters (64,584 sq ft) of technical space.

“There has been a major acceleration of data center capacity in Spain over the last few years, and in 2020 Madrid was one of the fastest-growing European markets,” said Matt Pullen, EVP and MD of Europe at CyrusOne. “Our investment in the region is another milestone on our European roadmap as we continue to expand our footprint across the continent to provide coverage, capacity, and connectivity requirements to support our customers’ ambitions.”

This is the company’s first European facility outside the traditional FLAP-D markets of Amsterdam, Dublin, Frankfurt, London, and Paris.

As well as a BREEAM accreditation of ‘very good,' the facility will utilize 100 percent renewable energy, and generate 100kW onsite through roof-mounted solar PV panels.

Despite announcing the sudden departure of CEO Bruce Duncan last week, CyrusOne announced quarterly revenues of $284.6 million in its most recent results, up 11 percent year on year.

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