An investment firm linked to the Nordic data center developer Hyperco (owned by Dubai's Damac) has signed a preliminary agreement to purchase 20 hectares of industrial land in Kouvola, Finland, for €48 million ($55 million).
Located in the Voikkaa industrial park, a 60 hectare site owned by Redeve Oy that formerly housed a UPM paper mill until 2006, the land is being targeted for data center development. While specific project details have not been disclosed, the acquisition highlights growing data center momentum in the region, where Hyperco is already developing another facility to serve TikTok, alongside projects by operators like AtNorth.
| Distance | Site | About |
|---|---|---|
| 6.55 miles | Hyperco: Kouvola |
Finnish data center development and operation specialist Hyperco Oy is currently building a major data center in Koria, Kouvola, in partnership with the main contractor YIT.
|
| 6.69 miles | Hyperco: Kouvola Koria DC2 |
Hyperco plans to build a second data center beside its existing Koria development in Kouvola. The two-story facility received a building permit in June 2026 and will include supporting substations, water storage, backup generation, and service buildings.
|
| 12.56 miles | atNorth: Myllykoski Mega Site FIN04 |
The FIN04 site in Kouvala, 140km northeast of Helsinki, has an immediate power supply available and could expand to "several hundred megawatts" when fully built.
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NovaGen Data Centre Oy is a Finnish infrastructure developer making headlines for a major €48 million preliminary agreement to purchase a 20-hectare former paper mill site in Kouvola, Finland, which is currently undergoing conversion into a massive regional data