Damac to build data centres in Europe, scales up ambitions in technology sector

DUBAI. The Damac Group has struck a deal with Dublin-based Dataplex Group for data centre projects in Europe. The partnership will focus on brownfield projects, involving the retrofit of existing structures, and larger greenfield projects, with specific focus on hyper scale and wholesale colocation customers.

Damac has also invested in Dataplex, which will result in a shareholding of up to 45 per cent of the company over time. Damac and another Dataplex shareholder Chirisa have acquired land in Abbotstown for a greenfield 70 MW+ data centre and industrial campus development in Dublin, Ireland. Earlier this year, Damac made its foray into the data centre industry.