With data centers mostly related to real estate, it is realized why Dromeus Capital, who first invested in the Greek real estate market in 2018, is the new arrival in the ever-growing field of digital infrastructure. In a joint venture with Apto, Dromeus Capital launches a new large investment of EUR 1 billion to create a data centres complex in the . Please note that Apto was founded in 2023, with the aim of developing data centres in Europe on behalf of the investment company Pimco. Dromeus Capital and Apto had started a series of work precursors before announcing their investment in Spata, to an extent located near Microsoft’s (materializes a data center complex). Through this project, Greece further strengthens its position on the European map of data centres. Dromeus Dromeus had made her Greek market debut in the spring of 2018. At that time the Greek real estate tried to regain its pace, after a long-term economic crisis that had led to a price collapse. In the spring of 2018, when Dromeus felt its presence in the Greek market, only a few quarters of anaemic price increase had been preceded. The first acquisitions of Dromeus in 2018 were an office complex on Kifisia Avenue belonging to Babis Vovos International Technique, as was another property. Specifically, the fund, with Achilles Rishva as CEO, had acquired, through a tendering procedure, for 23.6m euros the band of Vovos with an area of 8.334 sq.m. and 812 parking spaces. The second asset he bought for 2.35m euros, as part of a National Leasing tender, is a property (921 sq.m. with 19 parking spaces), located at the confluence of Alexandra Avenue with Kifisia Avenue. Today Dromeus has created a portfolio of 26 commercial properties in Athens, North Attica and Aspropyrgo worth half a billion euros. Digital infrastructure Dromeus has since 2020 expanded its investments in the field of data centres, taking into account the growing demand for cloud services (digital cloud) and more widely for data. This is understood if it is taken into account that data centres store the information that is transmitted via the Internet, the volume of which is continuously reinforced due to further digitisation of the private and public sectors. Dromeus focuses on the markets that it characterizes as Tier II and Tier III, where Athens belongs. Tier I includes Frankfurt, London, Amsterdam, Paris and Dublin that have been almost saturated with investment in data centres. As a result investment costs (e.g. land acquisition, energy costs) on these markets are increased. Thus, Athens, where investments in state-of-the-art data centers are in the first phase of implementation, presents significant growth prospects. This was supported by the decision of Dromeus in collaboration with Pimco to invest that could reach 1 billion in the creation of data center on Greek soil. The consortium, as usual in such complex projects, will develop the project in different phases, with the value of the first placed at EUR 300 million. Construction work may begin in the spring of 2025 with the aim of putting the facility into operation in the autumn of 2026.
Why Dromeus Capital invests in data centers
—
in Undertakings