Germany / Deutschland: Goodman says it has capacity for 3.7GW of data centers

Real estate group Goodman has over 3GW of potential data center capacity in its pipeline, according to a Q1 2024 operational update published yesterday. The company notes that this is an opportunity worth tens of billions of dollars as it outlines its ambitions for the data center space. 

The company said, “Approximately 1.9 GW of this power is secured, with a further 1.8 GW in advanced stages of procurement. In addition, there are several sites owned by the Group and Partnerships currently under review for potential data center use.”

CEO Gregory Goodman noted, “While global markets remain uncertain, the structural trends of the digital economy remain intact. As the cost of doing business in an inflationary environment increases, our customers continue to focus on maximizing productivity from their space.”

He added, “The continued and significant growth in data requirements, driven primarily by AI and cloud computing, is creating strong demand for our powered sites. Goodman has created a significant opportunity over the past decade to participate in this growing and essential segment of the market. We are actively engaged with our data center customers to facilitate their requirements and believe this will provide positive opportunities for our customers and security holders alike.”