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Merlin Properties aims to increase data center revenue's share from 5% to 75% by 2033. Phase II is projected to double cash flow from €300 million to €600 million. Financing for Phase III will involve debt and capital measures without selling traditional assets.

Planned development locations include Basque Country, Lisbon, Madrid, and Extremadura. The construction sector in Spain is expected to grow by 2.5% by 2026, aiding project realization. Energy supply and investment conditions are critical for implementation. Detailed milestones will be presented during the Investor Day in H1 2026.