Europea data center firm Data4 is expanding into Greece with a campus outside the capital, Athens.
The Brookfield-owned company this week announced a €300 million ($331m) data center campus in Paiania, Athens Region.
ATH1 will be built on a 7.5-hectare plot and offer up to 90MW of power capacity.
"We are delighted to expand our footprint in Greece, a country that offers strategic advantages in terms of location, connectivity, and economic potential," said Olivier Micheli, President and CEO of Data4. "This investment will not only support our growth ambitions but will also make a significant contribution to the local economy and digital ecosystem in Greece."
Established in 2006 by Colony Capital (now DigitalBridge) and owned by Brookfield since April 2023, Data4 currently operates around 30 data centers in France, Italy, Spain, Poland, and Luxembourg. The company is also developing a former army barracks in Hanau, Germany, that could reach 200,000 sqm (2.1 million sq ft) and 180MW, and is planning a new campus in Milan, Italy.
This latest investment is part of the group's €7 billion ($7.7bn) European expansion plan by 2030.
Local law firm Zepos & Yannopoulos, along with engineering firms Cap Ingelec and Blue Sun, assisted with legal and technical aspects of the construction of the new data center campus.
Knight Frank advised on securing the transaction; Hill International helped Data4 with consulting and permitting procedures.
Brookfield acquired Data4 from Axa IM – the deal was said to be valued at around $3.8 billion. Brookfield Infrastructure Partners is reportedly weighing a minority stake sale in some of the assets of French Data4.
Colo firms Sparkle and Digital Realty operate data centers around Athens.
