October 2023 EMEA Data Centre Update

EMEA MARKETS Q2 2023 UPDATE

Oslo

Madrid

Stockholm

Johannesburg

Milan

London also has the potential to be the first market in EMEA to become >2GW market in the next 5-7 years, assuming full development of its supply pipeline. Amsterdam is following London but can see some restraints due to the on-going moratorium. Dublin and Frankfurt can potentially develop into >1.5GW market, which is more than double of their current operational capacity. Paris is expected to see an exponential growth and is expected to become 3X of its current operational capacity. These 5 markets cumulatively account for more than 50% of the operational data centre capacity in EMEA and more than 45% of the under construction and planned capacities combined. Being the most preferred markets by end clients, these markets have the lowest vacancy rates as compared to the rest of the EMEA region. The extensive growth in these markets however present major land and power challenges for future developments. ESTABLISHED Brussels, Stockholm, Johannesburg, Abu Dhabi, Madrid, Milan, Berlin and Oslo account for about 14% of the total operational capacity in the region. These markets are likely to triple in size. Oslo is looking to become more than 5x its current operational capacity, as a lot of operators are eying the Nordics to build their AI-data centres, due to favorable power generation, political and environmental conditions. There has been an increasing interest in sustainable data centres in these markets as lower energy consumption and reduced greenhouse gas emissions, is helping operators align with global efforts to combat climate change and fulfil their own sustainability goals.

Our Maturity Index tracks 31 data centre markets across EMEA* to compare their current maturity status as well as their evolution over the next 5 – 7 years. It is a statistical comparison that evaluates markets on 21 parameters, including the IT MW capacities of each market’s operational, under construction, planned and land banked stages of development, the summation of which is visually indicated by the size of each market’s circle on the graph. The index also factors vacancy rates, number and average size of data centres based on their status, number of operators that have operational data centres in each market, and the new operators that are entering the market. These data points are stacked into a parameter matrix and weighted to derive their overall growth score - the higher the growth score, the more evolved the market. The commonly used references data centre markets as primary and secondary have been broken down further into the below four categories: * For all analysis, EMEA region includes London Amsterdam, Dublin, Frankfurt, Paris, Brussels, Stockholm, Johannesburg, Abu Dhabi, Madrid, Milan, Berlin, Oslo, Vienna, Istanbul, Marseille, Doha, Prague, Copenhagen, Zaragoza, Jeddah, Barcelona, Lagos, Lisbon, Nairobi, Athens, Zurich, Warsaw, Dubai, Riyadh and Dammam POWERHOUSE Frankfurt, London, Amsterdam, Paris and Dublin (FLAP-D) are categorized as powerhouse markets. These are the markets with the largest operational data center estates as well as under construction and planned capacity in EMEA. London is forecasted to become the first market in EMEA to hit 1GW operational capacity shortly.

Warsaw

Abu Dhabi

Zurich

Brussels

Berlin

Riyadh

Dubai

Dammam

Lagos

Copenhagen Zaragoza

Istanbul Nairobi

GROWTH SCORE

Vienna

Doha

Jeddah Barcelona

Marseille

Athens

Prague

Lisbon

Emerging Developing

Established

Emerging

Primary