The bottom Thor Equities has decided to enter the data center sector, according to DataCentre Magazine, with the launch of a new division, ThorDigitaland the announcement of the construction of what will be its first data center in Spainand also the largest in the country, till the date: Madrid One.
It will have 600,000 square meters, and will be built in phases, of which the first will have 200,000 square meters and will have a capacity of up to 20 MW, increasing to 10 MW. This first phase will be built on an industrial plot of 225,000 square meters, and is the one previously occupied by the Casbega de Coca Cola complex, in the Niño del Remedio industrial estate in the Madrid town, according to Cadena Ser.
For the erection and commissioning of the data center, which is currently in an advanced phase of its design and whose first phase could already be operational throughout 2023, Thor has partnered with the Arnáiz real estate company, as well as with Spanish data center engineering company Quark and Frank Hassett, a global data center designer.
If Thor Digital’s plans go according to plan, the construction of Madrid One, to which it will allocate an investment of 600 million euros, will begin at the end of this year. In this first phase, it will have 40 MW contracted by Iberdrola.
Thor Equities was founded in 1986, and until now its activity has focused mainly on commercial, residential and industrial buildings. It has assets in the United States, Europe and Latin America and, according to the Chairman of the group, Joseph Sitt, your decision to enter the data center industry is in line with your “approach and strategy to acquire and develop high-quality assets globally, starting with Madrid One. As Thor’s first project in the sector, this development represents our commitment to building a wide-range portfolio in Europe, and will allow us to improve our capabilities as a developer and manager«.
Leading Thor Digital will be the former Director of Sales and Marketing of Ark Data Centres, Ray Gibbens, and his primary responsibility for this will be in the EMEA region. Meanwhile, the Head of Thor Equities Europe, David Hunt-Cuadradohas highlighted that Spain «has one of the most reliable power networks in Europe, as well as benefiting from strong network and fiber optic connectivity to both Africa and South America«.