Merlin Properties has announced a strategic alliance with Edged Energy, a subsidiary of the US technology specialist Endeavour, to build a network of data centres in Madrid, Bilbao, Barcelona and Lisbon, on the socimi’s existing landholdings.
The first phase will include approximately 80 MW of capacity spread over the four locations. Data centres are a highly sophisticated real estate investment alternative, with an elevated need for capital, paired with striking returns, due to the conjunction of soaring demand and limited supply.
“Yields are higher than those of the real estate market, at around 18%,” Humberto Carbajal, Senior Advisor at Colliers International, recently explained to brainsre.news.
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