Apto is developing a new data center campus in Madrid, Spain.

The company this week announced plans to develop a 195,000 sqm (2.1 million sq ft) campus in Fuenlabrada.

Up to €2 billion ($2.2bn) is set to be invested in redeveloping the former bottling plant into a data center campus. Local press reports the site was previously occupied by Casbega (Coca-Cola).

The project has building permits, with construction set to begin soon. Apto said it has already completed site enabling works, including an on-site 40MW substation, with total campus capacity projected to reach up to 240MW across five buildings.

“Madrid has quickly established itself as one of Europe’s most dynamic digital hubs, and our investment here reflects both the scale of demand and the strength of the region’s long-term fundamentals,” said Russell Poole, CEO of Apto. “This landmark campus will give hyperscale customers the capacity, resilience, and sustainability they need to grow, while delivering lasting benefits for the local economy and community. It is a major step in Apto’s mission to build world-class, sustainable infrastructure across Europe’s leading cloud regions.”

Apto was launched in 2023 by Pimco, an American investment management firm owned by Allianz Group, and has a large European real estate platform.

In October 2024, Apto partnered with Dromeus Capital to develop a €300 million ($328m) data center in Athens, Greece. The company is also planning a large campus in Milan, Italy.

The Madrid project is being developed in partnership with Arnaiz, with support from the Comunidad de Madrid, Invest in Madrid, and Ayuntamiento de Fuenlabrada.

Rocío Albert, Councilor for Economy, Taxation and Employment of the Comunidad de Madrid, added: “It’s a fundamental project in Fuenlabrada, in an area that was a completely disused industrial zone, which is going to be turned into a data center that will provide support for cloud services as well as artificial intelligence, which are so necessary to attract high economic value companies to the Community of Madrid.”

Thor Equities’s Form8tion was previously set to develop a data center at a bottling plant in Fuenlabrada. Whether this is a separate development or if Apto has taken over Form8tion’s site is unclear. DCD has reached out for clarification.