CyrusOne has officially broken ground on its latest data center project, FRA7, situated on a 63,000 square meter plot at the Frankfurt Westside regeneration project in Germany, managed by BEOS AG and Swiss Life Asset Managers. This data center aims to be one of Europe's largest waste heat utilisation projects, with the first 9 MW phase set for completion by Q2 2026, the company said in a statement on Friday.
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Focus on Sustainability and Waste Heat Utilisation
Plans for the data center were first shared in September 2023, TelecomTalk reported. The development is set to consist of two three-story buildings offering 81 MW across nine data halls. The data center will focus on sustainability, including up to 40 MW of waste heat utilisation to support the campus heating network, and aims to achieve DGNB Platinum and BREEAM ‘Very Good’ certifications.
CyrusOne noted that the process is designed to enable heat from the servers in the data halls to be absorbed into a water system that will be connected via heat exchangers to pipe network infrastructure built and enabled by BEOS, which will in turn connect to the buildings on the development.
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"Germany is currently a critical growth market for CyrusOne in Europe," said CyrusOne. "We are investing significantly in the State of Hessen, and this groundbreaking further solidifies our commitment to making a positive impact and contribution to this state and to the German economy more widely."
"We look forward to continuing our valued partnership with BEOS AG as we work toward our shared objective to build the most sustainable and community-focused development."
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Investment and Job Creation
The development, with an investment exceeding EUR 1 billion, is expected to generate more than 500 full-time jobs and includes plans for extensive green space, biodiversity initiatives, and energy-efficient infrastructure. The project also features a 150 MVA power supply and photovoltaic cells to enhance energy efficiency, the official release said.
Recent Financial and Capital Investments
Earlier in July, CyrusOne announced the closing of a USD 7.9 billion Warehouse Credit Facility to fund data center growth. This transaction is incremental to the USD 1.8 billion Revolving Credit Facility financing completed in May, leading to approximately USD 9.7 billion of additional debt capital raised with broad-based support from lenders.
The company also announced securing a USD 687.1 million Single Asset Single Borrower (SASB) CMBS loan for CyrusOne's DFW1 data center, the company's first CMBS issuance. This transaction brings CyrusOne's total capital raised this year to nearly USD 12 billion.
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Headquartered in Dallas, Texas, CyrusOne operates over 55 data centers across the United States and Europe. CyrusOne currently has over five facilities in Frankfurt in operation or development.
