Antti-Jussi Partanen’s Post

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Partner at Roschier, Attorneys Ltd.

For quite some time, a sizeable share of our cross-border team's work has revolved around #datacenters and it's good to see that the industry is trending also more broadly. Some recent observations: ⚡ Strong appetite from both infra and real estate investors ⚡ For instance, DC and fibre assets were among hottest topics both in panels and other discussions at a high-profile infra investor seminar last week and plenty of interest for DC at EXPO REAL (Messe München), the European RE industry's main event. Also, the FDCA - Finnish Data Center Association's #FutureDataSummit yesterday was brimming with participants and needs to move to a bigger venue next year. Major part of the DC appeal lies in massive investment scale and growth-potential fueled by AI, digital transformation and synergies with other growth industries such as green power generation & energy storage. The investment volume is often measured in billions of € and, for instance, Google has so far invested over €4.5bn in their Hamina DC campus, as noted by Eduardo Albuquerque in his great keynote yesterday. The entry barrier is, however, high – DC development requires both large sums of capital and deep expertise. ⚡ Location, location, location ⚡ The #Nordics attract growing interest due to many major benefits we can offer. For #Finland, our Northern climate, availability & price of green power, great grid and telecoms infra and broad DH coverage to utilize excess heat are clear success factors. Also, as noted by minister Kai Mykkänen in his keynote yesterday, the Finnish government is striving to do their part by e.g. easening permitting processes and offering tax benefits. For #Sweden, most of the same benefits above apply, but challenges regarding the grid capacity makes the right location even more important. ⚡ Sector "ecosystem" is expanding ⚡ For instance, many developers and investment managers who have traditionally been involved at either energy or RE side are now ramping up their capabilities in the DC sphere. Some have already launched new business units and many more are preparing. Also traditional real estate brokers are busy expanding their services in this sector. Just recently in a major broker's large market outlook event, almost half of the airtime was allocated to data centers. Quite unhead of still a few years back. Many utilize cross-border teams, as global players often view the Nordics as a unified market, benefiting those who can operate as one-stop-shop across multiple jurisdictions. No exception for us here and very lucky to work on these topics requiring multidisciplinary approach with the brightest minds in Fin & Swe, incl. Lisa Hybbinette, Marcus Hedén, Miikka Konttinen, Toni Siimes, Matias Wallgren, Sanna-Mari Seppälä, Markus Olsson, Martti Ylinen, Chrissa Karambotis and many many more (LI max character limit not allowing to give kudos to the dozens of deserving colleagues). #datacenters #infra #realestate #greenai #energy #districtheating

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