Global real estate investment trust (REIT) company CyrusOne Inc. has started the construction works of its third data center in Frankfurt, Germany.
The facility is located in the Sossenheim district of the city, offering cloud providers, systems integrators and multinational corporations customized, secure and resilient data center solutions within a key business hub. It is expected to complate in 2020.
“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.”
“The demand we are seeing from US hyperscalers in Europe has been tremendous and we are seeing it accelerate considerably. 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.”