A large scale data infrastructure project is set to take shape in the Netherlands, as an Oaktree Capital backed firm announced a major investment focused on supporting global cloud and AI demand.
Pure Data Centres said it plans to invest up to 1 billion euros, or about $1.17 billion, to develop a hyperscale data centre campus in Amsterdam. The company confirmed that the entire campus will be leased to a single hyperscaler tenant, making it one of the biggest hyperscale data centre projects announced in Europe this year.
Hyperscalers, which include some of the world’s largest cloud service providers, are rapidly expanding their infrastructure to meet rising demand for artificial intelligence and cloud computing. Companies such as Amazon, Meta, Google and Microsoft are expected to collectively spend hundreds of billions of dollars on AI and digital infrastructure in 2025, according to company filings.
While Europe has seen several data centre projects announced in recent months, it remains relatively rare for developments of this size to secure a tenant agreement at such an early stage. Industry observers see this as a strong signal of sustained demand for high capacity data infrastructure in the region.
Pure Data Centres said construction of the Amsterdam campus will begin in January 2026. The project will be delivered in phases, with the first stages expected to come online from 2028 onwards.
The company did not disclose the identity of the hyperscaler that will occupy the campus. However, the scale of the investment highlights Europe’s growing role in the global race to build next generation data centres capable of supporting AI workloads and cloud expansion.
With hyperscalers accelerating capital spending and governments across Europe balancing growth with sustainability concerns, the Amsterdam project is likely to be closely watched by the technology and infrastructure sectors.
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