Spanish construction firm Ferrovial is taking a strategic step into the digital infrastructure market with the development of a data center campus in the Alcobendas area of Madrid.

The project, through subsidiary Ferrovial Digital Infrastructure (FDI), will involve an estimated investment of €1 billion ($1.1bn) and reinforces the company’s diversification into assets linked to the digital economy.

According to the company’s announcement, the project will be developed in phases; the first phase, called MAD01, involves the construction of a data center with a total capacity of 60MW, including 40MW of IT load, on one of the four plots that make up the development in the Valdelacasa area. This phase will involve an investment of €153 million, while the entire campus will cover approximately 32,000 square meters (344,445 sq ft).

The project has been designated as being of “Special Interest” by the Community of Madrid and is being processed through the Regional Investment Accelerator, which will help expedite its development. The initiative has already received the key favorable sectoral reports and the permit to begin earthworks.

Ferrovial has previously developed data centers in Madrid for Microsoft and Telefónica. The company’s entry into developing data centers for direct lease to customers follows the likes of ACS and Krambol, as well as numerous renewable energy firms across the country.

This piece was automatically translated from DCD’s Spanish site and edited by a member of DCD staff.