Knight Frank – Data Centres: The EMEA Report, Q2 2024

Knight Frank's "Data Centres: The EMEA Report, Q2 2024" provides a comprehensive analysis of the data centre market across Europe, the Middle East, and Africa, highlighting significant growth and emerging trends. The report reveals that the European data centre market attracted approximately £1.8 billion in investment during the first half of 2024, marking a 168% increase compared to the same period in 2023. London remains Europe's largest data centre market, with a 9.9% increase in live IT capacity in H1 2024, driven by new hyperscale facilities. Frankfurt saw a 7.4MW increase in live IT capacity during Q2 2024, maintaining its status as a key hub for wholesale colocation. Paris is emerging as a major hub, with 314.5MW of new projects announced in Q2 2024, largely driven by investments from global cloud providers. Dublin added 50MW of live IT capacity in H1 2024, fueled by ongoing demand from hyperscale providers. The report also notes that Milan is quickly catching up to become a powerhouse market, with 984MW in live and pipeline capacity. Overall, the EMEA data centre market demonstrates resilience amid economic challenges, bolstered by substantial investments, technological advancements, and strategic policy developments.