Summary:
- GREYKITE European Real Estate Fund I and White Star Real Estate have achieved significant milestones in the Digital Ursus data centre conversion project in Warsaw, including a long-term lease with a data centre solutions leader.
- The project has increased power capacity at the site from 18 MW to 65 MW, with strategic location near downtown Warsaw and Chopin Airport driving tenant demand.
- The transformation of the Ursus property into a data centre hub reflects a strategic response to the growing demand for digital infrastructure in Poland.
Rewritten Article:
GREYKITE European Real Estate Fund I and White Star Real Estate have recently reached major milestones in their Digital Ursus data centre conversion project in Warsaw. The project has seen the signing of a long-term lease with a global leader in data centre solutions, marking a significant advancement in the site’s transformation from a logistics asset into a premier data centre hub. This strategic move underscores GREYKITE and White Star’s commitment to supporting Poland’s digital infrastructure expansion.
As part of the project, Digital Ursus has successfully secured increased power capacity at the 20,000 sqm site, boosting it from 18 MW to 65 MW over the next year. The tenant has committed to a long-term lease and plans to make substantial investments to scale up existing operations on-site. Located just 8 km from downtown Warsaw and 6 km from Chopin Airport, the site’s prime location has been a key driver in attracting tenant demand, with several other occupiers extending and expanding their leases.
The Polish data centre market is poised to triple by 2029, fueled by the rising demand for digital services, cloud computing, and colocation solutions. Warsaw remains a central hub, accounting for nearly 70% of the country’s commercial colocation and hosting capacity. The growing need for robust digital infrastructure has led to the transformation of the Ursus property into a leading data centre hub, aligning with market demands and showcasing GREYKITE’s and White Star’s dedication to digital infrastructure development in Europe.
In conclusion, the Digital Ursus data centre conversion project represents a strategic investment in a sector experiencing significant growth trends. The successful transformation of the property, in collaboration with White Star, highlights GREYKITE’s commitment to driving value creation and supporting digital infrastructure development in the region. The project’s flexibility and ability to adapt to market needs have been crucial in its dynamic transformation into a modern facility catering to the demands of the digital age.
