Market context. In Germany, Colliers data reported in February 2026 put data center land at up to €3,000/m², against roughly €350/m² for logistics land around Frankfurt; JLL puts prime powered land in core hubs at about €2.26 million per MW (2026). The cases below show how that premium is created, and one where value fell.
Land and power assembled, then sold to an operator 4
Meco, Madrid: industrial plot to 25 MW powered land, sold for €11 million
Spain · Completed sale; operator building. A private equity manager (ActivumSG) bought a 17,650 m² plot in Meco, on the Madrid–Barcelona corridor, from two local manufacturers in July 2021, secured a 25 MW power agreement in 2022 and a dual feed in 2023…
Vicálvaro, Madrid: 40 MW of power rights, then a sale to DAMAC’s Edgnex
Spain · Completed sale; operator developing. The same manager repeated the play in Vicálvaro, 15 km from central Madrid: it secured a site of about 22,000 m² in 2022, obtained 40 MW of power rights (10 MW immediately, 30 MW by Q1 2026), and sold it in Oct…
Siemensstadt, Berlin: a 1927 OSRAM glassworks with a power contract, sold to a fund
Germany · Completed sale. German developer Aventos bought the former OSRAM glassworks in Berlin-Siemensstadt in 2021 in a sale-leaseback, secured the power supply contract for a data center with an on-site substation planned, and in Dec…
Maintal, Frankfurt-Hanau: a business park sold to a data center developer for €40.1 million
Germany · Completed sale. Listed landlord Sirius Real Estate acquired the Maintal technology park, between Frankfurt and Hanau, in 2006; DCD reports the purchase at about €17 million. After its anchor tenant left, Sirius pursued a chang…
Partner enters before ready-to-build 2
Malpica, Toledo: leased land priced at €1 million per ready-to-build MW
Spain · Non-binding offer; not completed. EdgeMode controls about 105 ha near Mora (Toledo) through a 35-year lease at €2,000 per hectare per year (SEC filing) for a 300 MW project. In June 2026 Spark AI Foundry signed a non-binding offer to buy the pr…
Alcover, Tarragona: a bankrupt paper mill, power first, partner second
Spain · In progress. After the Iberboard paper mill in Alcover entered insolvency in 2024, its majority shareholder, Scranton Enterprises, launched Iberdata: phase 1 secures more than 20 MW so the project qualifies as strategic in …
Brownfield redevelopment, then build and operate 3
Corsico, Milan: a steelmaker’s warehouses turned into a 13.6 MW data center
Italy · Under construction. Steel group Marcegaglia sold an industrial complex in Corsico, on Milan’s western ring road, to telecom operator Retelit (announced September 2025). The site had two warehouses of about 11,500 m², offices and a…
Montereau, Paris region: a closed coal plant offered with a fast-track grid connection
France · Exclusive negotiations. EDF closed its Montereau coal plant in 2004. In 2025 it offered the site to data center developers with a fast-track grid connection, and in November 2025 entered exclusive negotiations with OpCore (iliad and I…
Didcot, UK: planning permission on a former power station, sold for about €225 million
United Kingdom · Completed sale. RWE obtained hybrid planning permission in July 2025 for a data campus on the demolished Didcot A coal power station site in Oxfordshire, then in November 2025 completed its sale to an undisclosed hyperscaler f…
When the exit goes the other way 1
Kelsterbach, Frankfurt: an older data center bought for €81.8 million, sold for €50 million
Germany · Completed sale at a loss. Keppel DC REIT bought the Kelsterbach data center near Frankfurt Airport in 2019 for €81.8 million; built in 1989 as a shell-and-core facility with a lease ending in 2025, it was sold in 2025 for €50 million. B…
Structured figures for these transactions are in the powered-land deals dataset.