Data centres have become a highly sought-after real estate asset for investors. The technological boom accelerated by the pandemic and the arrival of the submarine cable to the peninsula in 2021 are turning the data storage sector into one of the sectors with the greatest potential for development on the Iberian Peninsula.
In the next four years, direct investment in physical data centre infrastructures in Spain alone could reach 6,000 million euros and the data centre market as a whole will receive more than 10,000 million euros in investment, according to the Data Centers Snapshot report by the consultancy firm Colliers. Many of the world’s largest technology multinationals, such as Amazon, Microsoft, IBM, Google and Meta, have already opened, have begun construction or have made public plans to create this type of facility in Spain.
In this context, Madrid stands out as the benchmark market both on the Spanish mainland and in southern Europe. With 31 operational centres housing 100MW, our region accounts for 91% of the total installed energy capacity. Furthermore, according to the INE, 33% of all jobs related to digitalisation at national level are concentrated in the region.
Madrid has identified the technology sector as key to investment and development in the region. For this reason, it has announced a new plan to attract datacentres with 14 identified projects and the tendering of several industrial plots through Madrid Region’s 4.0 land portal. The regional government has identified around 20 plots of land with more than 2,000 square metres on which to install this type of infrastructure. The value of this land, mostly located in the technology parks of Getafe and Fuenlabrada, is estimated at around 15 million euros. Its location also favours access to important connections and communication with the main roads, favouring synergies with the rest of the region’s productive fabric. The Community also offers plots in the town of Meco and another in Madrid Capital.
According to the Regional Government, Madrid could reach an installed capacity growth rate of 43% by 2026, which would place the region on a par with the major European technology hubs such as London, Amsterdam, Frankfurt and Paris.