Global real estate investment trust CyrusOne (NASDAQ: CONE) has broken ground on the first phase of its newest data center location in Frankfurt, Germany. The facility is CyrusOne’s third in the Sossenheim district of the city, offering cloud service providers (CSPs), systems integrators (SIs) and multinational corporations “customized, secured and resilient” data center solutions within a key business hub.
Upon completion, expected in Q2 2020, this greenfield data center development will comprise two adjoining, four-story buildings delivering 22 MW of IT power to 11,500 sq. m of technical space. Indirect adiabatic air cooling in each data hall in the new CyrusOne Frankfurt III data center would ensure an extremely low Power Usage Efficiency (PUE) value.
US Hyperscalers in Europe
“Frankfurt is one of the fastest growing and most strategically important locations for CyrusOne due to its economic strength and proximity to one of the most important European financial centers,” said Tesh Durvasula, President Europe, CyrusOne. “This will mark our third expansion facility in Frankfurt and I expect it will effectively be pre-leased by the time we complete construction next year.”
According to the company, the rapid construction timeline for the CyrusOne Frankfurt III data center is made possible by CyrusOne’s extensive experience building more than 45 data centers worldwide. CyrusOne is using a modular construction method and will work closely with partners including Mercury and Klein Architekten.
“The demand we are seeing from US hyperscalers in Europe has been tremendous and we are seeing it accelerate considerably,” added Durvasula. “This development, alongside our other expansion efforts in Dublin, Amsterdam and London underscores our ambition to be the only hyperscale data center provider in Europe. I expect our European business will grow to become about 20 percent of CyrusOne’s total revenues in two years.”