Prodea enters digital infrastructure market

Prodea Investments is entering the integer infrastructure market, and much specifically the information halfway sector, done its information successful the improvement of an interconnection information halfway successful Chania, Crete.

According to sources, the archetypal concern amounts to 70 cardinal euros and concerns the improvement of a 7 MW information halfway with imaginable for aboriginal expansion, successful concern with Quadrivium Digital Hellas.

Although the task is still astatine an aboriginal stage, it is peculiarly noteworthy that Prodea intends to get a 30% stake successful Quadrivium Digital Hellas, while besides providing the institution with a enslaved indebtedness of up to 15 cardinal euros carrying a 12% involvement rate.

Digital infrastructure represents the third strategic assemblage of involvement for Prodea. According to marketplace estimates, it is expected to stay a chiseled concern category, arsenic the REIC is present chiefly focused connected hospitality assets and logistics, seeking to signifier its portfolio astir two main pillars.

Financing for the task is expected to travel done a operation of Prodea’s ain funds, slope lending and resources from Greece’s Recovery and Resilience Fund.

The enactment of Crete is linked to the information that respective planetary fiber-optic cables terminate connected the island, with further ones expected successful the coming years. At the aforesaid time, the project’s designation arsenic an interconnection information halfway indicates that it will relation arsenic a web and telecommunications interconnection hub alternatively than a accepted firm information center.