Aroundtown gets grid capacity allocations for planned data centres

Aroundtown SA

27/08/2025 10:42

By Marleen Kaesebier

Aug 27 (Reuters) - Aroundtown AT1.DE, one of Germany's largest listed landlords, on Wednesday said it had received initial grid capacity allocations for several data centres in Berlin, a further step towards its entry into the data centre market.

In May the real estate company said it hoped to team up with more specialised companies and that it had received only one regulatory permit so far to convert an office space into a data centre in Frankfurt. It had not yet received the go-ahead for its electricity usage at that time.

"Regulatory timelines especially for energy approvals remain a known challenge, but the current momentum positions Aroundtown to progress along further successful approvals," the company said on Wednesday.

The Luxembourg-based firm said that while its longer-term strategy was to convert full buildings into larger scale data center uses like hyperscaler or wholesale co-location, its shorter-term strategy entails partial conversions into edge or co-location data centers.

Its reasoning is that the latter in part means securing only incremental electricity approvals while full building conversions requires securing higher energy capacity.

The company said it is entering discussions with experienced development and operating players in the data centre market.

   Earlier on Wednesday Aroundtown posted half year results which benefited from a recovering German real estate market.

 (Reporting by Marleen Kaesebier in Gdansk; editing by Matt Scuffham)

 ((marleen.kaesebier@thomsonreuters.com;))