Merlin Properties Plans to Increase Data Center Revenue Share to 75% by 2033
Merlin Properties plans to increase its data center revenue share from 5% to 75% by 2033, with Phase II expected to double cash flow from €300 million to €600 million. The company will finance Phase III through debt and capital measures, targeting development locations in the Basque Country, Lisbon, Madrid, and Extremadura. Key milestones for the project will be outlined during the Investor Day in the first half of 2026.
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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.
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