Azora and Core Capital launch a platform to invest 500 million in data centers in the Peninsula

MADRID, 7 Feb.

Azora and Core Capital launch a platform to invest 500 million in data centers in the Peninsula


Azora, in collaboration with Core Capital, has launched Quetta Data Centers, a platform that will invest more than 500 million euros in the construction of a network of 6 'Edge' data centers in Spain and Portugal, as reported by the company in a release.

The asset manager will be in charge of managing Quetta and Core Capital for advising these centers, which will be located near large urban centers and close to the end consumer, with the aim of reducing data traffic compared to large data centers. ' hyperscalar, which are usually located at a greater distance from end users.

Specifically, Quetta Data Centers seeks to contribute to completing the current market offering, taking advantage of the opportunity presented by the geolocation of the Peninsula, access to renewable energy and communication infrastructure, including the intercontinental submarine cables it has.

Quetta's target clients are companies with high data traffic, such as content providers, IoT or gaming, that require low latency, that is, very short delay times in the transmission of information packets.

The company has already begun the construction of the first data center in Madrid, located in Tres Cantos, and is in the advanced phase of negotiation to complete the acquisition of the land and the contracting of the construction of the centers.

"The launch of Quetta is part of our investment strategy in sustainable infrastructure. The digitalization of the economy offers very attractive investment opportunities in data centers, especially those aimed at companies that offer streaming content, gaming, augmented reality, internet of things and other technologies such as artificial intelligence that will experience strong growth," said the partner responsible for investments in energy, infrastructure and sustainability at Azora, Santiago Olivares.

For his part, the founding partner of Core Capital and CEO of Quetta, Paco González, commented that this platform "perfectly complements the current offer in the data center market, meeting a demand for proximity with interconnected geographical coverage." , low latency and 100% green that generates synergies with current operators, both retail and hyperscale, taking advantage of the excellent conditions of the Iberian Peninsula."