The US company’s land deal is seen as a first in the industry, and it means that it doesn’t have to lay out millions of dollars before it has signed up the tenants to fill the hyperscale facilities it intends to build.
CyrusOne has struck a deal with Agriport A7 for the development of hyperscale data centres in Middenmeer, the Netherlands. Under the terms of the agreement, CyrusOne will have the option to purchase up to 33 hectares of land, in parcels as demand dictates, to build a 270MW master-planned multi-data centre campus.
The land is located on Agriport A7’s 1,000 hectare business park campus around 40km north of central Amsterdam, and boasts access to the significant future power necessary to support the planned data centre campus. It is already home to two major hyperscale data centre developments.
Gary Wojtaszek, president and chief executive officer of CyrusOne, said: “We are announcing this strategic partnership with the Agriport team to develop the largest master-planned data centre campus in Europe for our hyperscale customers.
“The unique, first-of-its-kind in the data centre space, option agreement aligns the parties’ best interests. It allows CyrusOne to aggressively pursue build-to-suit development projects on ready-to-develop property, without deploying significant capital in advance of winning these deals.
“We will be replicating this development model around the globe and are already speaking to other potential land partners.”
Anton Hiemstra, CEO of Agriport A7, said: “Our campus, with low latency to the AMS-IX, has access to significant dark fibre and more than 600MW of primarily green power. We expect our partnership with CyrusOne to attract a number of additional players, ultimately establishing Agriport A7 as the premier location for large scale data centre deployments in The Netherlands.”
Industry: Telecoms new