CyrusOne, a leading global data center developer and operator, has announced plans for its seventh data center campus in Frankfurt, named FRA7, located on a 63,000 square meter plot at FRANKFURT WESTSIDE (frankfurt-westside.de); a 73-hectare commercial and industrial mixed-use regeneration project managed by BEOS AG and Swiss Life Asset Managers Deutschland GmbH (“Swiss Life Asset Managers”).
This latest news from CyrusOne follows a competitive selection process in which CyrusOne was the favored partner to deliver a data center scheme that prioritizes sustainability, provides re-used waste heat to the WESTSIDE campus, and is aligned to BEOS’ commitment to create spaces that support; creativity, innovation, progress and productivity. CyrusOne’s partnership with BEOS and Swiss Life Asset Managers marks an important step in the company’s ongoing commitment to European expansion and a sustainable future.
Starting with a total capacity of 81 megawatts delivered across nine data halls in two 3-story buildings, the facility will benefit from CyrusOne’s highly efficient data center design to achieve a BREEAM ‘Very Good’ certification as a minimum and deliver an annualised PUE of <1.3 in advance of European energy efficiency directive targets for 2030. It will also fall in line with the anticipated energy efficiency targets proposed by German legislation.
Innovative waste heat re-use methods will be deployed within both buildings with a potential 40MW of waste heat delivered to the campus heating network when at full capacity.
The facility will be powered by renewable energy, as has CyrusOne’s entire operational portfolio in Europe since June 2021. In addition, specific practices are being implemented throughout the design and construction phase to source sustainable materials and lower CO2 emissions.
Dedicated biodiversity initiatives will be prioritised, with ecological landscaping to increase biodiversity and provide habitats for wildlife, the provision of 5,500 square meters of open green space, and the planting of over sixty trees. Over 1,800 square meters of the facility walls and roofs will be ‘green’, not only creating an aesthetically pleasing outlook for the local community but also improving air quality by filtering pollutants, reducing noise, supporting thermoregulation, and increasing the buildings’ energy efficiency.
Demolition and site clearance is already underway and will be complete by Q1 2024. Construction will commence in Q3 2024, with the capacity delivered by Q2 2026.
“Frankfurt is an incredibly important location for CyrusOne in Europe with 60 MW IT capacity across four operational data centers and another 126 MW under development. It is a real milestone to be planning our seventh facility in the city, and our biggest development to date in Frankfurt,” explains Andreas Paduch, Area Vice President, of European Sales at CyrusOne. “We are thrilled to have BEOS, an experienced and innovative local organization, as a key partner for this build at FRANKFURT WESTSIDE and this is the start of a longstanding partnership with this team. It’s fantastic to work with a company so aligned with us on sustainability and biodiversity goals as we move forward on the project together.”
“We are pleased that in CyrusOne we have found a reliable, long-term partner for FRANKFURT WESTSIDE, who in the future will play a key role in the implementation of our ambitious ESG agenda. Our companies are united by many common visions, and in particular with regard to sustainability,” says Holger Matheis, CEO of Swiss Life Asset Managers.
“The chemical industry was active for over 180 years in Griesheim Industrial Park. Now is the time to shape the future of FRANKFURT WESTSIDE, by acting courageously and responsibly not just for us, but also for future generations. In this respect, the collaboration with CyrusOne is an important element, which fits in seamlessly with our sustainability strategy,” says Mathias Strauch, project head at BEOS AG.
The FRANKFURT WESTSIDE business area is the city’s largest commercial and industrial mixed-use campus and is set to breathe new life into the former site of the Griesheim Industrial Park. Taken over by BEOS AG and Swiss Life Asset Managers GmbH in 2020, the full site will promote the efficient use of the existing structures, careful use of resources, intelligent integration of renewable energies, mobility and waste heat, and open space design that provides space for biodiversity, leisure, and recreation.
With this, the campus will enter a new era of sustainability, tied into CyrusOne’s sustainability goals and overall mission. Transport and mobility concepts will enhance and improve pedestrian traffic, cycle paths, and local public transport, with CyrusOne working closely with BEOS AG and Swiss Life Asset Managers to enhance the campus surroundings and benefit the wider local community.
About FRANKFURT WESTSIDE
Ever since 1856 the 77-hectare Griesheim Industrial Park had been an established industrial location in a central, well-connected area of Frankfurt directly on the northern banks of the River Main. The foundation for its use to date as a chemical park was laid at that time with the establishment of “Frankfurter Aktiengesellschaft für landwirtschaftlich chemische Fabrikate”. Over 160 years later the site is seeing an ongoing radical change: in the meantime it is above all small firms and SMEs from the industrial, trade and service provider sectors.
In January 2020 a joint project company of BEOS AG and Swiss Life Asset Managers concluded a leasehold agreement for 575,000 square metres with the owner Clariant Produkte (Deutschland) GmbH. The objective is to gradually convert the former site for chemical production into a modern commercial and industrial mixed-use campus. To this end an additional leasehold agreement for one of the two remaining plots of land was concluded in 2022. The two leasehold agreements do not expire until 2118 and together they encompass some 73 hectares, an area which accounts for virtually the entire site and corresponds to about 102 football pitches. In August 2023 two construction plots in the western/north-western section of the campus were sold to the American data centre operator CyrusOne.
About Swiss Life Asset Managers
Swiss Life Asset Managers (swisslife-am.com) has more than 165 years of experience in managing the assets of the Swiss Life Group. This insurance background has exerted a key influence on the investment philosophy of Swiss Life Asset Managers, which is governed by such principles as value preservation, the generation of consistent and sustainable performance and a responsible approach to risks. Swiss Life Asset Managers offers this proven approach to third-party clients in Switzerland, France, Germany, Luxembourg, the UK, Italy and the Nordic countries.
As at 30 June 2023 assets under management for third-party clients amount to EUR 114.8 billion. Together with insurance assets for the Swiss Life Group, total assets under management at Swiss Life Asset Managers stood at EUR 265.8 billion. Swiss Life Asset Managers is a leading real estate manager in Europe1. Of the assets totalling EUR 265.8 billion, EUR 91.7 billion is invested in real estate. In addition, Swiss Life Asset Managers, in cooperation with Livit, manages real estate totalling EUR 21.6 billion in value. Total real estate assets under management and administration at the end of June 2023 thus came to EUR 113.3 billion.
Swiss Life Asset Managers’ subsidiary BEOS AG is the leading asset manager and project developer of corporate real estate in Germany. Founded in 1997, with an interdisciplinary team of around 250 people, the company manages a portfolio of mixed-use commercial real estate with around 4.4 million square metres of rental space and over EUR 7.1 billion in assets under management (based on gross fund assets, as at 30 June 2023). BEOS is a service provider under the Swiss Life Asset Managers’ umbrella for institutional investors’ portfolio properties in all major German cities. With its special funds, it has provided an avenue since 2010 for German institutional investors to enter the fast-growing corporate real estate asset class.
About BEOS AG
BEOS AG (beos.net) is one of the best employers in the SME and real estate sector: in the 2023 employer ranking published by the journal “Immobilien Zeitung”, graduates in real estate voted BEOS among the top three employers in Germany for the sixth consecutive time after 2018, 2019 and 2020, 2021 and 2022. In addition, BEOS received an award in all its entries in the “Top Job” employer competition in 2013, 2015, 2017 and 2019.
Swiss Life Asset Managers employs more than 2200 people in Europe.
Swiss Life enables people to lead a self-determined life and look to the future with confidence. Swiss Life Asset Managers pursues the same goal: We think long-term and act responsibly. We use our knowledge and experience to develop future-oriented investment solutions. This is how we support our customers in achieving their long-term investment objectives, which in turn also take account of their client’s needs so they can plan their financial future in a self-determined manner.
1. INREV Fund Manager Survey 2023 (AuM as of 31.12.2022)
Forward Looking Statements
This press release contains forward-looking statements within the meaning of U.S. federal securities laws. Forward-looking statements in this press release include, but are not limited to, statements that refer to future plans and expectations, projections of our future performance or operations, our anticipated growth and trends in our and our customers’ respective businesses, industries and geographical markets, and other characterizations of future events or circumstances, such as the development, completion, operation and leasing of the FRA7 data center campus at Frankfurt Westside and other sites under development in the European market. These statements are based on current expectations, estimates, forecasts, and projections about the industries and locations in which we and our customers operate and the beliefs and assumptions of our management as of the date of this press release. These statements are not guarantees of future performance and are subject to known and unknown risks and uncertainties. Actual results may vary materially and adversely from those expressed or implied in this press release. These statements are made as of the date of this press release and CyrusOne disclaims any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.