Etude de marché EMEA des data center - S1 2026.pdf

Etude de marché EMEA des data center - S1 2026.pdf

Etude de marché EMEA des data center - S1 2026.pdf

Growth is broadening, not relocating

EMEA

Mid-year 2026

EMEA Data Centre Report

Research

jll.com

2 © 2026 Jones Lang LaSalle IP, Inc. All rights reserved.

Key highlights

FLAP-D on track for a record year, with

growth broadening across markets

Live capacity has reached 3.8 GW, with ~453

MW of full-year deliveries forecast, almost

tripling 2020 volumes. Paris led H1 2026

with 72.5 MW, already ahead of its full-year

forecast, while Frankfurt’s delivery is paced

by connection lead times, and capital is

broadening into Milan, Iberia and the

Nordics rather than leaving the core.

Middle East pipeline is paused, not

cancelled with 2.6 GW in development

Live capacity has reached 1.6 GW and 13.8

GW sits in the planning pipeline, still

pointing to a quadrupling by 2030. Regional

conflict has stalled major completions over

the past six months, but schemes are being

deferred rather than dropped.

The next capacity cycle adds greenfield

sites without displacing the core hubs

Greenfield rises from 8% to 39% of the 2026

to 2028 pipeline, and hyperscale sites within

it average 175 km from a hub city, up from

46 km. AI-scale power and land needs are

pushing operators onto secondary sites;

those with power there capture the growth.

EMEA Mid-Year Data Centre Report 2026

Leasing Dynamics

01

© 2026 Jones Lang LaSalle IP, Inc. All rights reserved.

EMEA Mid-Year Data Centre Report 2026

Hyperscaler capex surges to $725bn

Cloud growth has re-accelerated sharply, with

combined Q1 2026 revenue up roughly 39% year-on-

year as cloud providers all posted meaningful

acceleration on the back of enterprise AI adoption.

The top four hyperscalers now guide to

approximately $725 billion in 2026 capex (up 77%

from $410 billion in 2025) with the overwhelming

majority directed at AI compute and data centre

infrastructure.

For EMEA, that investment is arriving at scale. AWS

opened its European Sovereign Cloud in

Brandenburg in January 2026, backed by €7.8 billion

in Germany, and Microsoft’s $30 billion UK

programme is now in delivery.

The Middle East has emerged as a strategic

infrastructure destination, backed by low energy

costs, sovereign wealth capital and national AI

strategies even as recent regional volatility has

tempered the near-term deployment pace.

EMEA Mid-Year Data Centre Report 2026

© 2026 Jones Lang LaSalle IP, Inc. All rights reserved.4

Combined hyperscaler cloud revenue jumps 39% YoY in Q1 2026

Source: JLL Research, company reports

Combined cloud revenue ($bn) and YoY growth (%)

0%

10%

20%

30%

40%

50%

$0

$20

$40

$60

$80

$100

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

2020 2021 2022 2023 2024 2025 2026

C o

m b

in ed

C lo

u d

R ev

en u

e Yo

Y G

ro w

th %

C o

m b

in ed

C lo

u d

R ev

en u

e $b

n

Combined cloud revenue Combined cloud revenue YoY growth

Mid-year 2026 FLAP-D colocation statistics

Total live capacity 3.8 GW

Vacancy 5.4%

2026 H1 absorption 171 MW

Under construction (U/C) 1.4 GW

% of U/C pre-let 74%

Planned pipeline 2 GW

Average rents (€/kW/mo)

500 kW €177

1-5 MW €147

Hyperscale (5+ MW) €123

Existing MW

900

600

300

European colocation markets

EMEA Mid-Year Data Centre Report 2026

© 2026 Jones Lang LaSalle IP, Inc. All rights reserved.5

London

1,277 MW

Warsaw

150 MW

Stockholm

91 MW

Amsterdam

611 MW

Copenhagen

142 MW

Milan

230 MW

Oslo

165 MW

Paris

614 MW Frankfurt

970 MW

Madrid

165 MW

Dublin

320 MW

Berlin

140 MW

FLAP-D combined live capacity has grown from 1.8

GW in 2019 to around 3.8 GW by H1 2026, more than

doubling in seven years. A further 1.4 GW is under

construction and 2 GW planned, putting the core

markets on track to almost double again.

H1 2026 deliveries totalled 194 MW across the five

metros. Paris led with 72.5 MW, already ahead of its

full-year forecast, as France’s nuclear capacity and

EDF’s grid-ready pipeline continue to attract new

demand. London added 49 MW off the region’s largest

base, followed by Frankfurt at 45 MW, Amsterdam at

16.3 MW and Dublin at 11.4 MW.

Frankfurt retains 311 MW in development and 687 MW

planned, though lead times of 24 months or more

pace delivery. Ireland’s new framework, live since 31

March, is redirecting capital rather than releasing it:

proximate generation and renewables matching

requirements are pushing developers to regional sites

rather than the Greater Dublin Area. Source: JLL Research

EMEA Mid-Year Data Centre Report 2026

© 2026 Jones Lang LaSalle IP, Inc. All rights reserved.6

FLAP-D has grown consistently despite

regulatory and grid headwinds Paris leads H1 2026 delivery as combined FLAP-D capacity reaches 3.8 GW

H 1

ac tu

al

FLAP-D colocation market growth (GW)

0.0

1.0

2.0

3.0

4.0

2019 2020 2021 2022 2023 2024 2025 H1 2026

Frankfurt London Amsterdam Paris Dublin

1.9

2.2

2.5

3.0

3.2

3.8

1.8

3.6

Annual FLAP-D deliveries have risen from 170 MW in

2020 to a forecast 453 MW in 2026, almost tripling in

six years. H1 2026 delivered 194 MW across the five

metros.

Paris was the delivery standout of H1 2026: 72.5 MW

came online, already ahead of the full-year forecast.

Digital Realty broke ground on a new Paris campus in

H1, and Mistral AI signed to deploy at an existing Paris

facility signals of a market converting sovereign-

cloud and AI demand into physical delivery.

Beyond FLAP-D, capital is rotating into secondary

markets faster than delivery can scale inside them.

HSCALE committed €2bn to 250 MW across Milan in

May 2026, while Microsoft’s Sines AI Superfactory and

AWS’s €15.7bn Aragon programme are underpinning

Iberian growth. Southern Europe and the Nordics are

now central to how hyperscalers plan capacity

outside the constrained hubs. Source: JLL Research

EMEA Mid-Year Data Centre Report 2026

© 2026 Jones Lang LaSalle IP, Inc. All rights reserved.7

Record deliveries: power and policy

dictate where capacity lands Paris quietly races ahead: record delivery in H1, already past its full-year forecast

FLAP-D new supply added (MW)

0

100

200

300

400

500

2020 2021 2022 2023 2024 2025 2026 H1 Forecast

2026

Frankfurt London Amsterdam Paris Dublin

Vacancy holds near record lows,

with market divergence widening

Colocation vacancy across FLAP-D stood at 6.4% in

Q2 2026, down from a 16.9% peak in 2021 but

broadly unchanged over the past two quarters.

Rates edged up modestly in London (7.4%), Paris

(8.0%) and Dublin (7.2%) as small tranches of new

supply reached the market, while absorption

continued to outpace deliveries overall.

Divergence between the markets is widening.

Frankfurt remains the tightest at 3.1%, less than half

the FLAP-D average, while Amsterdam has settled

around 6.5% after its steep multi-year decline.

Availability of contiguous, high-density space is

scarce across every FLAP-D market.

Pre-leasing now defines occupier strategy.

Committing well ahead of requirement is a

necessity rather than a choice, and with speculative

development limited, partial pre-lets have become

the norm across major markets. Source: JLL Research

EMEA Mid-Year Data Centre Report 2026

© 2026 Jones Lang LaSalle IP, Inc. All rights reserved.8

Vacancy rates have dropped from 16.9% to 6.4% in just four years

FLAP-D colocation vacancy (%)

0%

5%

10%

15%

20%

25%

30%

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2

2021 2022 2023 2024 2025 2026

London Frankfurt Paris Amsterdam Dublin

Demand is absorbing new supply

faster than it can be delivered

FLAP-D take-up reached 171.7 MW in H1 2026, two-

thirds of the 260 MW absorbed across the whole of

2025 and close to the pace set at the 2023 peak of

352 MW.

The binding constraint is supply rather than

demand. Around 453 MW of deliveries are forecast

across FLAP-D for the full year, yet colocation

vacancy has fallen from a 16.9% peak in 2021 to

6.4% in Q2 2026, indicating that new phases are

being absorbed as they complete.

Conditions are tightest in the core markets.

Frankfurt delivered a record 135 MW of new supply

in 2025 and still saw demand outstrip it, while

Amsterdam has settled at 6.5% as planning controls

limit new large-scale development. Occupiers with

near-term requirements have little option but to

commit early or look beyond the core.

Source: JLL Research

EMEA Mid-Year Data Centre Report 2026

© 2026 Jones Lang LaSalle IP, Inc. All rights reserved.9

H1 2026 take-up has already reached two-thirds of the 2025 total

FLAP-D colocation take-up (MW)

0

50

100

150

200

250

300

350

400

2020 2021 2022 2023 2024 2025 H1 2026

Rental growth in the core European markets tells a

story of two distinct eras. From 2017 through 2022

headline rents were broadly flat; that era ended

abruptly in 2023, with rents accelerating sharply as

demand outstripped supply.

The picture in 2026 is beginning to split. Wholesale

rents have eased 2% to 3% from 2025 peaks as H2

2025 and H1 2026 supply reached the market. The

move is small enough to sit within normal year-on-

year variability, and the softening is concentrated

where new supply landed, and Frankfurt (3.1%

vacancy) remains firm. Sub-MW colocation continues

to grind higher (€177/kW/mo), with availability still

scarce.

Renewal pricing remains demanding: EMEA market

rents are up 25% to 40% depending on deal size, and

US rents up 60% since 2020. But landlord pricing

power has clearly narrowed in the segments where

new supply has arrived. Source: JLL Research

EMEA Mid-Year Data Centre Report 2026

© 2026 Jones Lang LaSalle IP, Inc. All rights reserved.10

Rent momentum splits: sub-MW

deals firm, wholesale eases in 2026 Sub-MW rents push through €177 while wholesale eases from 2025 peaks

€123

€177

€147

FLAP-D colocation asking rents (€/kW/mo)

€ 50

€ 70

€ 90

€ 110

€ 130

€ 150

€ 170

€ 190

2017 2018 2019 2020 2021 2022 2023 2024 2025 2026

500kW 1-5MW Hyperscaler (5MW+)

The next wave of European data centre supply is landing markedly further from

established hub cities. Across the pipeline delivering between 2026 and 2028,

capacity-weighted distance from the nearest hub city rises sharply for both

wholesale colocation and self-build hyperscale developments.

Wholesale colocation, which averaged 52 km from a national hub city between

2022 and 2025, is set to sit an average of 136 km away over the next three years

an increase of more than 2.5 times. The shift is more pronounced for self-build

and hyperscale campuses, where the average distance rises from 46 km to 175

km, close to a fourfold increase.

Power availability is the principal driver. Grid constraints, planning restrictions

and rising land costs in FLAP-D metros are pushing operators toward secondary

locations where large power allocations remain accessible. Hyperscale

campuses, less sensitive to latency, can pursue sites at greater distance;

colocation providers are moving in the same direction but more cautiously,

balancing proximity to enterprise demand with the practical limits of hub-city

capacity. Investors and developers with access to power in secondary locations

are positioned to capture the majority of new capacity growth.

Source: JLL Research

EMEA Mid-Year Data Centre Report 2026

© 2026 Jones Lang LaSalle IP, Inc. All rights reserved.11

The next wave of capacity is landing

further from the established hubs

Pipeline sites sit up to 4× further from hub cities

0

50

100

150

200

Wholesale Colocation Self build / Hyperscale

C ap

ac it

y w

ei gh

te d

d is

ta n

ce fr

o m

n at

io n

al h

u b

c it

y (k

m )

Delivered 2022-25 Pipeline 2026-28

The composition of European data centre supply is

shifting from industrial estates to greenfield land.

Between 2022 and 2025, nearly 80% of new capacity was

delivered on established industrial estates or metro-fringe

sites.

The 2026 to 2028 pipeline reverses this pattern. Greenfield

sites now account for 39% of forthcoming supply, close to

a fivefold increase in share. Operators are turning to

greenfield locations where they can secure large land

parcels and negotiate direct grid connections, often

supported by on-site generation.

It’s important to note that it’s workload not just power

that is redrawing the map. The deeper driver is that AI

training and large hyperscale campuses need power and

land that industrial estates physically cannot

accommodate. Colocation serving enterprise and

inference workloads still wants metro proximity, but AI-

shaped capacity now dominates the pipeline mix in terms

of MW capacity.

Source: JLL Research

EMEA Mid-Year Data Centre Report 2026

© 2026 Jones Lang LaSalle IP, Inc. All rights reserved.12

The pipeline is shifting from

primarily industrial estates

Greenfield’s share of new supply jumps almost fivefold

13% 5%

79%

56%

8%

39%

0%

20%

40%

60%

80%

100%

Delivered 2022-25 Pipeline 2026-28

Urban (Inner city) Industrial (estates and metro fringe)

Greenfield (remote and regional)

United Kingdom

National ambition and local resistance are pulling data centre delivery in opposite directions

EMEA Mid-Year Data Centre Report 2026

13

Germany IrelandFrance

AI Growth Zones initiative, Nationally Significant Infrastructure Projects status with proposed

energy cost discounts from April 2027.

New national data centre strategy to attract AI

capacity. Government has agreed to ease

requirements on waste heat use.

National AI strategy with €109bn earmarked. EDF has

identified grid-connected land to accelerate high-

voltage access.

From restriction to conditional reopening. In 2025 the Commission for

Regulation of Utilities ended 4 years of ambiguity

with a new framework.

Buckinghamshire council twice refused a greenbelt

scheme. Local action groups initiated a judicial review against Havering

council’s proposed campus.

A proposed 700MW data centre near in Brandenburg sparked a citizens' initiative

citing loss of local character, water

consumption and traffic.

Backlash spilled into the March 2026 municipal

elections. Candidates in 10 towns, including Marseille

and Bordeaux, campaigned against new data centres.

Not Here Not Anywhere (NHNA) led efforts to halt

new Dublin-area connections and is

credited with influencing the moratorium

National Policy - Tailwind

Local Acceptance Friction

© 2026 Jones Lang LaSalle IP, Inc. All rights reserved.

Spain

Supportive at national and regional level, positioning

Spain as a growth hub. Strong government backing

for digitalisation.

In Aragón, planned data centres have created

tension between local farmers and environmental

groups.

The Middle East

02

© 2026 Jones Lang LaSalle IP, Inc. All rights reserved.

EMEA Mid-Year Data Centre Report 2026

Mid-Year 2026 Middle East data centre statistics

Total IT capacity (9 metros) 1.1 GW

Total IT capacity (Middle East) 1.6 GW

Colocation retail split 13.6%

Colocation wholesale split 67.7%

Hyperscale self build split 18.7%

Under construction (Middle East) 2.6 GW

Planned pipeline (Middle East) 13.8 GW

Total IT MW

100

50

25

Spotlight on The Middle East

EMEA Mid-Year Data Centre Report 2026

© 2026 Jones Lang LaSalle IP, Inc. All rights reserved.15

Jeddah

51 MW

Riyadh 177 MW

Muscat

22 MW

Doha

54 MW

Damman

89 MW

Dubai

228 MW

Abu Dhabi

374 MW

Manama (Bahrain)

50 MW

Source: JLL Research

Note: Total IT power has been used rather than the current live capacity to reflect designed capacity

not their current utilisation. This supports a more relevant figure for a real estate and investment

audience. Volumes include both hyperscale self build and colocation.

Neom

36 MW

The Middle East data centre market has reached 1.6

GW of live IT capacity, with 1.1 GW concentrated across

the region’s nine principal metros. A further 2.6 GW is

under construction and 13.8 GW sits in the planning

pipeline, pointing to sustained growth well beyond the

current cycle.

Momentum has moderated over the past six months,

with heightened regional risk leading several operators

to defer investment decisions and extend delivery

timelines. Underlying demand from AI, cloud and

sovereign-backed programmes remains intact, and

long-term planning has continued across the Gulf’s

major markets.

The UAE remains the region’s most established

market, with Abu Dhabi and Dubai accounting for 602

MW of live capacity. Saudi Arabia is closing the gap:

Riyadh alone has 1.4 GW under construction and 5.3

GW planned, led by sovereign programmes including

HUMAIN. Source: JLL Research

EMEA Mid-Year Data Centre Report 2026

© 2026 Jones Lang LaSalle IP, Inc. All rights reserved.16

Middle East momentum has paused

while the pipeline holds firm Sovereign-backed investment is reshaping capacity across the Gulf

Middle East selected markets pipeline capacity (GW)

Note: Figures represent total IT power rather than current live capacity, to

reflect designed capacity rather than current utilisation. Volumes include both

hyperscale self-build and colocation.

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

A b

u D

h ab

i

D u

b ai

R iy

ad h

D am

m am

Je d

d ah

N eo

m

B ah

ra in

D o

h a

M u

sc at

UAE Saudi Arabia Bahrain Qatar Oman

Planned

U/C

Total

The first sovereign AI campuses are close to delivery:

HUMAIN’s Dammam facility launches at 100 MW in 2027

and Stargate UAE’s first 200 MW by the end of 2026.

Gulf sovereign wealth lets projects proceed without the

fundraising cycles seen elsewhere, so funding is rarely

the constraint. Heightened regional risk has pushed

timelines out over the past six months, making delivery a

question of sequencing rather than viability.

Low (27% CAGR) Committed capacity completes, but

supply-chain bottlenecks slow delivery. Even so, the

region more than triples in size.

Mid (32% CAGR) Base case. All under construction

capacity delivers and roughly a third of planned pipeline

completes on time. A continuation of the region's 27%

CAGR over the past five years.

Full delivery (51% CAGR) assumes the full pipeline

completes on time alongside favourable tailwinds and

further GCC commitments.

Source: JLL Research

EMEA Mid-Year Data Centre Report 2026

© 2026 Jones Lang LaSalle IP, Inc. All rights reserved.17

Middle East capacity is set to quadruple

by 2030 Capacity in the Middle East is forecast to grow at 32% CAGR to 2030

Capacity forecast 2025-2030 (GW)

5.2 GW

6.5 GW

12.7 GW

0.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0

2020 2021 2022 2023 2024 2025 2026 H1 2027 F 2028 F 2029 F 2030 F

Historical Low (27% CAGR) Mid (32% CAGR) Full delivery (51% CAGR)

Note: Figures represent total IT power rather than current live capacity, to reflect

designed capacity rather than current utilisation. Volumes include both hyperscale

self-build and colocation.

Capital Markets

03

© 2026 Jones Lang LaSalle IP, Inc. All rights reserved.

EMEA Mid-Year Data Centre Report 2026

A handful of platform deals set the

EMEA data centre investment cycle

The shape of EMEA data centre investment is set by a

small number of large deals. Around 79% of change-

of-control volume across 2020 to 2025 came from

portfolio and entity-level transactions.

That dynamic explains the apparent volatility in

annual volumes. Volumes moved from around €5.7bn

in 2023 (Brookfield/Data4) to €1.0bn in 2024 and back

to about €2.8bn in 2025 (DigitalBridge/Yondr), with

the 2024 dip reflecting the absence of a completed

marquee deal, not weakened demand.

Behind those deals sits an increasingly consistent

pool of capital. Roughly 86% of recent acquisition

volume came from cross-border buyers, and private

equity and investment managers together drove

around 58%. Institutions and operators were the

dominant sellers, steadily consolidating the asset

class into specialist hands.

EMEA Mid-Year Data Centre Report 2026

© 2026 Jones Lang LaSalle IP, Inc. All rights reserved.19

Portfolio deals drive the headline; single-asset trades set the floor

Source: JLL Research, RCA/MSCI

EMEA data centre change-of-control volumes by deal type (€bn)

0

1

2

3

4

5

6

7

2020 2021 2022 2023 2024 2025

Single asset Portfolio

The cost gap is redirecting AI-scale

demand, not emptying the hubs

FLAP-D prime powered land costs have risen 82% since

2021, from €1.24 million to €2.26 million per MW.

Primary markets now command a 2.3x premium over

secondary locations and 4x over tertiary, with the

spread averaging 2.9x within individual countries.

Cost is only one dimension, and demand is splitting in

two. Latency-bound workloads remain anchored to

primary markets, where lead times of up to 10 years

limit new supply. Even so, FLAP-D holds 1.4 GW under

construction and 2 GW planned.

AI training requirements of 100 MW and above are not

latency-sensitive and follow available power instead.

Over half of Europe’s AI growth is now expected in the

Nordics and Tier 2 markets, and Middle East capacity is

set to quadruple by 2030.

The pipeline’s shift away from the hubs is what makes

the discount accessible, so distance has become the

route to lower land costs. That route is open only where

power can be secured, which is why the premium

persists for workloads that must stay close.

EMEA Mid-Year Data Centre Report 2026

© 2026 Jones Lang LaSalle IP, Inc. All rights reserved.20

Primary European data centre markets cost on average 4x more per MW IT

than tertiary alternatives

Prime powered land comparables (€ per MW IT)

Source: JLL Research 0

3, 00

0, 00

0

2, 00

0, 00

0

1, 00

0, 00

0

50 0,

00 0

2, 50

0, 00

0

1, 50

0, 00

0

Switzerland

Sweden

Spain

Portugal

Poland

Norway

Italy

Finland

Denmark

Austria

UK

Netherlands

Ireland

Germany

France

C o

u n

tr y

PrimarySecondaryTertiary/regional

Zurich

Paris

Frankfurt

Amsterdam

London

Vienna

Copenhagen

Helsinki

Milan

Dublin

Oslo

Warsaw

Lisbon

Madrid

Stockholm

21 © 2026 Jones Lang LaSalle IP, Inc. All rights reserved.

Looking ahead

EMEA Mid-Year Data Centre Report 2026

Grid access and local consent will

separate the pipeline from delivery; both

must be secured early

Connection queues across FLAP-D stretch

beyond 2030, so capacity converts only

where power is locked in. Consent is the

second gate, with objections turning on

water, power and local character.

Developers that involve communities before

schemes reach planning will move fastest.

Milan, Iberia and the Nordics will re-rate

as tier-1 markets alongside a still-

growing FLAP-D

These markets are already absorbing

hyperscale deliveries and drawing specialist

capital and long-lease covenants once

reserved for FLAP-D. Expect them to be

underwritten as core within the next cycle,

widening the investable set rather than

replacing it.

AI training and enterprise colocation will

diverge into two asset classes; investors

will need to pick a lane

AI training campuses want 300+ MW blocks

on remote greenfield sites; enterprise

colocation still wants sub-50 MW footprints

close to metros. Underwriting, tenant

covenants and exit profiles differ sharply

between them.

Assad Noori

assad.noori@jll.com

EMEA Data Centre Capital Markets

Gareth Jones

gareth.jones@jll.com

About JLL

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500 company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 112,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.

EMEA Data Centre Research

Daniel Thorpe

daniel.thorpe@jll.com

Research at JLL

JLL’s research team delivers intelligence, analysis and insight through market leading reports and services that illuminate today’s commercial real estate dynamics and identify tomorrow’s challenges and opportunities. Our more than 550 global research professionals track and analyze economic and property trends and forecast future conditions in over 60 countries, producing unrivalled local and global perspectives. Our research and expertise, fueled by real- time information and innovative thinking around the world, creates a competitive advantage for our clients and drives successful strategies and optimal real estate decisions.

Executive Director, Head of Data centres, WD EMEA

© 2026 Jones Lang LaSalle IP, Inc. All rights reserved. This report has been prepared solely for information purposes and does not necessarily purport to be a complete analysis of the topics discussed, which are inherently unpredictable. It has been based on sources we believe to be reliable, but we have not independently verified those sources and we do not guarantee that the information in the report is accurate or complete. Any views expressed in the report reflect our judgment at this date and are subject to change without notice. Statements that are forward-looking involve known and unknown risks and uncertainties that may cause future realities to be materially different from those implied by such forward-looking statements. Advice we give to clients in particular situations may differ from the views expressed in this report. No investment or other business decisions should be made based solely on the views expressed in this report.

Data Centre Middle East Leadership

Gaurav Mathur

gaurav.mathur@jll.com

Jovita Januskeviciute

j.januskeviciute@jll.com

EMEA Data Centre Market Intelligence

mailto:andy.cvengros@jll.com mailto:andy.cvengros@jll.com mailto:andy.cvengros@jll.com mailto:carl.beardsley@jll.com mailto:carl.beardsley@jll.com mailto:carl.beardsley@jll.com mailto:carl.beardsley@jll.com mailto:andrew.batson@jll.com mailto:andrew.batson@jll.com mailto:andrew.batson@jll.com mailto:andrew.batson@jll.com mailto:gareth.jones@jll.com mailto:gareth.jones@jll.com mailto:gareth.jones@jll.com mailto:gareth.jones@jll.com mailto:j.januskeviciute@jll.com mailto:j.januskeviciute@jll.com

Slide 1: EMEA Data Centre Report Slide 2 Slide 3: Leasing Dynamics Slide 4 Slide 5: European colocation markets Slide 6 Slide 7 Slide 8 Slide 9 Slide 10 Slide 11 Slide 12 Slide 13: National ambition and local resistance are pulling data centre delivery in opposite directions Slide 14: The Middle East Slide 15: Spotlight on The Middle East Slide 16 Slide 17 Slide 18: Capital Markets Slide 19 Slide 20 Slide 21 Slide 22


Item Type: pdf