EMEA Data Centres Report for Q2 2024

Knight Frank and Croisette, today released the “EMEA Data Centres Report for Q2 2024” revealing a rapidly expanding data centre market across Europe. Despite facing economic headwinds, including high inflation, and sticky interest rates, the European data centre sector has demonstrated resilience, bolstered by substantial investments, cutting-edge technology, and strategic policy developments.

Investment Surge Across Europe
The European data centre market attracted around £1.8 billion in investment in the first half of 2024, marking a 168% increase compared to the same period in 2023. This growth underscores the sector’s appeal to global investors, particularly in major hubs like London, Frankfurt, and Paris.

Stockholm: Europe’s Leading Nordic Market
Stockholm is the largest market in the Nordic region, registering significant growth in recent years with hyper-scalers’ utilising the markets highly resilient energy network, political stability, and cooler climate. The market has attracted investment and deployment from the major global cloud service providers – Amazon Web Services, Google Cloud, Microsoft Azure – as well as from smaller provider Oracle. US tech giant Meta has one of its largest non-US-based facilities here, servicing 97MW of compute capacity.