Ampervia CapitalBy Razvan Toma · Founder & CEO, Ampervia · Last checked 2026-10-12 · Sources linked below
Quick answer
Through four main routes, from most to least liquid: listed shares (REITs and operators), private funds, co-investment or club deals in a single project through an SPV, and direct ownership of land or buildings. Earlier stages, such as securing land and power, carry more risk and need specialist diligence. Sources (2)
Data Center CapitalData Center Capital — investment↗
Storm GroupStorm Group — Power at the fence↗
Key facts
- Germany’s Data Center Capital offers co-investment tickets of €25 million to €104 million in its projects (company website).
- Storm Group has pre-marketed a Luxembourg fund for buy-and-permit-ready European data center sites, with a regulated Luxembourg AIFM (Storm Group).
| Route | Typical access | Liquidity | Main risk |
|---|---|---|---|
| Listed REITs and operators | Any investor | Daily | Market prices |
| Private infrastructure funds | Professional investors, high minimums | Low (fund life) | Manager, leverage |
| Co-investment / club deal (SPV) | Professional or eligible investors | Low (project life) | Single-project concentration |
| Direct land or buildings | Owners and developers | Very low | Power, permits, leasing |
Questions to ask before investing in a site
- Is the power secured (permit or offer), or only published?
- Can the permit transfer to the end use?
- What is the fallback value if permits fail?
- Who operates the finished data center, and who are the tenants?
Questions
Is this investment advice?
No. This page explains how the market is structured. Investing in early-stage real estate and infrastructure can lose money.
Sources
Terms on this page: SPV · Club deal · Co-investment · AIFM