CyrusOne News and Blog

Rendering of Madrid data center.

CyrusOne Expands European Footprint Beyond FLAP-D Markets with 21 MW Madrid I Site


MADRID, 03 AUGUST 2021: CyrusOne Inc. (NASDAQ: CONE), a leading global real estate investment trust (REIT), today announced the freehold purchase of a 5-acre site at a prime location in Alcobendas, Madrid, to build a new data center facility. This is the company’s first planned European facility beyond the FLAP-D markets and will enable customers to rapidly scale digital transformation strategies by deploying critical infrastructure at the heart of this enterprise and emerging hyperscale market.

The brand-new data center, Madrid I, is designed to be a single two-story building with 21 MW of power capacity providing a total area of 6,000 square meters of state-of-the-art technical space. The facility will achieve BREEAM accreditation of ‘very good’, utilize 100% renewable energy, and generate 100 kW onsite through roof mounted solar PV panels. The design purposefully utilizes air-cooled closed loop chiller technology to limit water usage and employs water retention technologies such as rainwater recovery and low water requirement planting. Electric car charging points and bicycle storage will be provided on site, which is strategically located close to local public transport hubs.

“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 Managing Director, 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.”

CyrusOne operates more than 50 high-performance data centers worldwide to provide customers with the flexibility and scale to match their specific IT growth needs. The company’s European portfolio accounts for approximately 200 MW of power capacity across Frankfurt, London, Amsterdam, Paris and Dublin.

 

About CyrusOne

CyrusOne (NASDAQ: CONE) is a premier global REIT specializing in design, construction and operation of more than 50 high-performance data centers worldwide. The Company provides mission-critical facilities that ensure the continued operation of IT infrastructure for approximately 1,000 customers, including approximately 200 Fortune 1000 companies.

A leader in hybrid-cloud and multi-cloud deployments, CyrusOne offers colocation, hyperscale, and build-to-suit environments that help customers enhance the strategic connection of their essential data infrastructure and support achievement of sustainability goals. CyrusOne data centers offer world-class flexibility, enabling clients to modernize, simplify, and rapidly respond to changing demand. Combining exceptional financial strength with a broad global footprint, CyrusOne provides customers with long-term stability and strategic advantage at scale.

 

Safe Harbor 

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, are statements that could be deemed forward-looking statements. These statements are based on current expectations, estimates, forecasts, and projections about the industries in which we operate and the beliefs and assumptions of our management as of the date of this press release. Words such as “expects,” “anticipates,” “predicts,” “projects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “continues,” “endeavors,” “strives,” “may,” variations of such words and similar expressions are intended to identify such forward-looking statements. In addition, any statements that refer to projections of our future financial performance or operations, our anticipated growth and trends in our and our customers’ respective businesses and industries, and other characterizations of future events or circumstances, such as the development, completion, operation and leasing of Frankfurt IV and other sites under development in the European market, are forward-looking statements. Readers are cautioned these forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties, which could cause our actual results to differ materially and adversely from those reflected in the forward-looking statements. More information on these risks and uncertainties and other potential factors that could affect the Company’s business and financial results is included in the Company’s filings with the U.S. Securities and Exchange Commission, including in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the Company’s most recently filed periodic reports on Form 10-K and Form 10-Q and subsequent filings. The Company disclaims any obligation other than as required by law to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors or for new information, data or methods, future events or other changes.