Dec 22, 2025 | Posted by Abdul-Rahman Oladimeji
Infrastructure asset manager InfraRed this week announced its majority investment in NxN Data Centers. InfraRed, alongside minority investor Adequita, will support the development of NxN’s first data center, a 5MW facility located in Valencia, as well as ongoing expansion opportunities across the Iberian Peninsula.
Pilar Banegas, partner at InfraRed, said: “NxN represents an exceptional opportunity to establish a data center platform within Spain’s fast-growing digital landscape. We are pleased to be working with Adequita, whose experience and relationships across Spain will be valuable for scaling the company. We will also draw on our experience developing Nexspace, our DACH data center business, as we support the impressive NxN leadership in building this investment.”
Javier Salas, founder and executive chairman of both Nethits and NxN, said: “We are delighted to partner with InfraRed to deliver high-quality, energy-efficient data centers in Spain. By leveraging InfraRed’s experience in growing data center businesses, we are well-positioned to execute our vision for NxN: to deliver best-in-class data center infrastructure supporting Spain’s digital transformation. This initiative is underpinned by the extensive track record that Nethits has built over more than 20 years in the telecommunications sector.”
