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22MW of customer IT power was sold in Amsterdam during 2014, marking a 97% increase on 2013 for the market. Significantly, this figure also represents a third (33%) of the European total for the year, the highest across the major markets and the first time any market has outperformed London since 2004.
Mitul Patel, Associate Director, Research - EMEA Data Centre Solutions, at CBRE explained: “Amsterdam experienced a record year for colocation take-up in 2014 underpinned by a number of larger transactions. New occupiers, namely from the Technology, Media, Telecoms (TMT) sector, have been responsible for bringing the majority of new requirements to the market. Amsterdam has benefitted from this given its status as a major IT connectivity hub in Europe.”
Across Europe, overall take-up of colocation data centre power remained similar to the levels seen in 2013, with 66MW of IT power sold during the year. Unprecedented growth in cloud technology continues to impact the market with 80% of transactions deriving from the Technology, Media, Telecoms industries alone. This, alongside improving corporate confidence, is driving new interest for data centre services from the sector as dedicated cloud providers require more capacity.
Andrew Jay, EMEA Head of Data Centre Solutions, at CBRE commented: “2014 ended with a record 153 MW of availability across the major European markets. This growth can be attributed in part to new facilities opening, most notably in London and Frankfurt. London remains the most sustainable market in Europe with its position as a global financial hub and Frankfurt remains the Eurozone’s financial powerhouse providing high levels of connectivity and is leading the way in data protection across the EU. We expect this growth trend to continue in 2015 with a number of new data centres in the pipeline, including Infinity’s proposed scheme at London Stratford and Gyron’s campus at Hemel Hempstead.
“At a time of increased competition in the market the recently announced acquisition of Interxion by Telecity is a timely consolidation of two major players in the industry.”
