LONDON, Dec 15 : Oaktree Capital‑backed Pure Data Centres stated on Monday it plans to take a position as much as 1 billion euros ($1.17 billion) in a brand new Amsterdam campus, one among Europe’s largest hyperscale knowledge‑centre commitments this yr.
The firm stated the positioning will probably be leased to a single hyperscale cloud supplier. Such firms are racing to broaden AI infrastructure, with Amazon, Meta, Google and Microsoft anticipated to spend lots of of billions of {dollars} in 2025, based on filings.
“Having a hyperscale lease makes any deal noteworthy, but I think just the scale of this deal and the location, it’s in quite a constrained location in the market,” Dawn Childs, CEO of Pure Data Centres instructed Reuters, flagging an ongoing moratorium in Amsterdam that limits new knowledge centre tasks.
NEW LIFE FOR AMSTERDAM MARKET
Construction will start in January 2026, with phased supply anticipated from 2028. The campus will help AI or cloud workloads and be powered by a non-public substation, addressing Europe‑huge grid constraints.
“Pure DC’s deal to let the announced 78 megawatts of capacity to a single hyperscaler tenant is remarkable as it breathes new life into what has been a staid Amsterdam data centre market over the past two years,” stated Kevin Restivo, head of information centre analysis, Europe, at business actual property providers and funding agency CBRE.
He stated solely 32 megawatts of latest provide has been added in Amsterdam over the previous two years, far lower than in Frankfurt, Paris, London or Milan.
Pure DC’s campus will probably be Amsterdam’s largest by energy capability, stated Stijn Grove, head of the Dutch Data Center Association. The 78 MW deliberate represents about 7 per cent of the 1,162 MW of latest reside capability added in continental Europe in 2025, based on Savills, utilizing DC Byte knowledge.
Power capability, measured in megawatts, is the important thing sizing metric for knowledge centres.
“Hyperscaler demand is still strong for capacity in Europe,” stated Restivo. “That’s what this deal signifies and that’s also why it is remarkable.”
FEW DEALS WITH HYPERSCALER LEASES
Many giant European knowledge‑centre tasks have been introduced this yr, however Restivo stated few hyperscaler leases have been signed just like the Pure DC one.
Deals are sometimes touted earlier than energy entry, planning permission or buyer commitments are finalised – a development Childs stated has led to the trade time period “braggawatts”.
“If anybody’s looking into the market, I would strongly advise them to dig a bit deeper and understand whether it is just an announcement for the sake of an announcement or whether actually there is some gravity and reality behind those announcements,” stated Pure DC’s Childs.
Pure DC is backed by U.S.-based asset supervisor Oaktree Capital Management, which had $218 billion in property below administration as of September 30, 2025, based on its web site. Oaktree is owned by New York-based Brookfield Asset Management, a unit of Brookfield.
($1 = 0.8516 euros)