Milan is one of Europe’s fastest growing data centre markets, sitting at the crossroads of Europe and the Mediterranean. Today, DTRE has announced that, alongside its Italian partner RIBE and joint adviser Knight Frank, it has been instructed on the city’s latest data centre development land sale – Project Centro.
Located in Milan’s Southern Availability Zone, 15 kilometres south-east of the city centre, the site lies just 2 kilometres from an EU networks fibre route. It also benefits from close proximity to subsea cable landing stations in Genoa and Savona, promising supreme connectivity and low latency.
Two concept schemes from data centre design specialists TTSP estimate a 162MW total IT load, with scope for additional power densification and an expansion of the site. Project Centro also has an approved environmental permit (VIA) and is zoned for industrial use.
The live market in Milan is 90% leased, with no single site today equipped to meet new hyperscale demand and the majority of forecast supply already subject to pre-lets. In a market where a surge in demand has fast outstripped supply, and where access to power is extremely limited, Project Centro has secured a 150MVA power reservation.
David Turner, Managing Partner and Head of European Industrial & Logistics Capital Markets at DTRE, said: “Project Centro represents a fantastic opportunity, and one that – with such an impressive power reservation – is increasingly rare in today’s market. The instruction is also testament to the reach and expertise of the DTRE team, and we look forward to continuing to work closely with RIBE in Italy.”
Gianluca Begnini, Founder of RIBE, said: “The incredible growth of Milan’s data centre market in recent years has made the region a leading European connectivity hub. Project Centro is a clear demonstration of just how this growth can be maintained, even in the face of an increasingly competitive battle for power and space.”
The instruction of DTRE and RIBE on Project Centro represents one of the first since the two signed an exclusive partnership in Italy. Together, they will deliver DTRE’s trusted dealmaking and occupational expertise to one of Europe’s largest and fastest growing markets.
About DTRE
DTRE is a sector-specialist independent commercial property adviser covering industrials, logistics, office, science and technology, and alternative capital markets. Through its data-driven platform, DTRE delivers specialised investment, development and leasing advice to clients throughout the UK and Europe.
Leveraging its proprietary data platform and leading research, DTRE provides clients with unparalleled insights and analysis for informed decision-making tailored to their unique needs and challenges. Since inception in 2010, DTRE has provided expert counsel on sales and acquisitions valued in excess of £30bn and advised on circa 100 million sq.ft. of leasing mandates.
About RIBE
RIBE is a boutique real estate advisory company, located in Italy, specialising in leasing and capital market solutions for clients across industrial and logistics, and alternative markets. Its team of real estate professionals bring over 100 years of combined real estate expertise.
RIBE offers its clients best-in-class, data-driven advice that ensures they can generate attractive risk-adjusted returns across their portfolio.
Media Contact
For more information, please contact: Luke Roberts (lroberts@nepean.co.uk / +44 740 329 7251)
