The Canadian asset management giant agreed to sign a deal for about 3.77 million square feet of land in Strängnäs, near Stockholm, where the facility—which would be one of the largest of its kind in Europe—will be built. Brookfield’s investment will more than double the centre’s capacity, from 300 to 750 megawatts. Construction is expected to take 10 to 15 years. (The Logic)
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The Canadian asset management giant agreed to sign a deal for about 3.77 million square feet of land in Strängnäs, near Stockholm, where the facility—which would be one of the largest of its kind in Europe—will be built. Brookfield’s investment will more than double the centre’s capacity, from 300 to 750 megawatts. Construction is expected to take 10 to 15 years. (The Logic)
Talking point: “To compete in the development of AI and realize its economic productivity, it is important to invest at scale in the infrastructure underpinning this technology,” Brookfield’s head of Europe Sikander Rashid said in a press release. The pledge follows plans the asset manager announced in February to invest €20 billion ($31 billion) in AI infrastructure in France. Many of the world’s largest companies are spending aggressively to build the infrastructure needed to power the surging demand for AI. Some of those efforts involve big investments in Europe, where companies like Microsoft and Amazon are betting on the region to help fuel its growth in the sector.
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