There has been relatively limited impact on the London market from Brexit.
The latest Colocation Market Quarterly (CMQ) from BroadGroup Consulting shows strong demand for data centre space in the four Tier 1 European cities (Amsterdam, Frankfurt, London and Paris) during Q4 in 2016. More than 25 leading industry players contributed to the survey.
The UK remains the largest data centre market in Europe. According to the report, the UK is increasingly seen as a location focused on UK data centre requirements. UK commitment from the hyperscale providers, not only in data centres but in broader UK investments in offices and logistics capabilities continues.
“While demand is strongly driven by cloud – both hyperscale cloud players and smaller cloud player – some decisions have been delayed due to uncertainties, particularly Brexit and the impact of GDPR,” said Steve Wallage, managing director of BroadGroup Consulting.
There are many options and investment agencies for those investors looking at European alternatives outside of the UK such as Dublin, Amsterdam, the Nordics, Luxembourg and Frankfurt. Brexit and the implantation of GDPR could strongly influence the decisions of investors.