Echelon to invest €150m in London Data Centre
By Maurice Garvey
ECHELON Data Centres, which is developing large-scale data centres in Clondalkin and Arklow, is to invest €150m in a facility close to central London.
The company is to purchase The Point at Greenwich Village, a 150,000 sq ft property, which it will fit out as a 115MW data centre.
An artist’s impression of the site in Clondalkin
Greenwich Village is a campus of data centres located close to London.
The Point is what is known as a powered shell: a grid-connected structure that is ready for fit out.
The development is being funded as a joint venture with a large international investment fund.
Echelon plans to assemble a portfolio of data centres in a number of European cities.
Earlier this year, Echelon announced plans to create 1,100 jobs with the €1bn development of data centres in Clondalkin and Arklow.
Work began at a state-of-the-art 44,000 sq m 100MW data centre in Clondalkin Industrial Estate.
The company said up to 910 jobs will be created during the construction phase at the two sites, and, once operational, they will employ 100 people in Clondalkin and 90 in Arklow.
The 35-acre site is located at the former Eir depot, beside the M50 and the Grand Canal, and less than five minutes from Grange Castle, Profile Park and Parkwest.
Echelon also have planning in place for an 84MW power station on the Clondalkin site (if required) and expect the centre to be occupied from the third quarter of 2020.
Founded by Niall Molloy, Echelon is owned by Aldgate Developments, a UK and Ireland-based property development company. Molloy is managing director of Aldgate development, a successful UK and Ireland commercial property developer.
The company is in the process of acquiring sites in England, Germany and the Netherlands.
