May 30, 2025 | Posted by Abdul-Rahman Oladimeji
UK-based investment firm Greykite is converting a former logistics site in Warsaw, Poland, into a data center. The firm alongside White Star Real Estate announced the signing of a long-term lease with a “global leader in data center solutions” at its Digital Ursus site in the Polish capital.
Greykite and White Star launched a new €300m ($339m) Polish logistics and data center joint venture last year. The JV took over three sites in Warsaw, Gliwice, and Stryków that White Star had developed under its Diamond Business Park brand. The Ursus site was built by White Star between 2013 and 2019.
Michael Abel, founder and CEO of Grekite, said: “We are very pleased with the fast value creation that we have been able to showcase in our Digital Ursus data center project – having signed a long-term lease with a top data center operator, relocated multiple existing tenants, and increased the power to 65MW, all within a period of six months.
"From the outset, we envisioned the Digital Ursus data center conversion project with White Star as a platform for long-term, strategic investment in a sector benefiting from very compelling tailwinds. The early success of converting the Ursus property into a modern data centre hub represents a validation of that vision and a clear signal of our long-term commitment to digital infrastructure in Europe.”
Dariusz Domański, managing partner at White Star, added: “Digital Ursus is currently undergoing a dynamic transformation – from a traditional logistics park originally developed by White Star into an infrastructure-ready facility serving modern digital services. This success is the result of close cooperation between all parties and the project’s flexibility, allowing it to respond effectively to evolving market needs.”
