Another data center could be coming to Kouvola, Finland.

First reported by Kouvolan Sanomat, Novagen Data Centre Oy has signed a preliminary agreement to acquire around 20 hectares of land in the Voikkaa industrial area in Kouvola. The purchase price is €48 million ($55m), according to local property records.

Full details of any planned data center development were not shared.

Novagen seems closely linked to Damac-owned developer Hyperco. Company chairman Tarun Tyagi is also chairman of Hyperco and founder of Creststone, a data center investment and advisory firm. Several online listings for Novagen include a Hyperco-linked postal address.

Kouvola is a city in Finland and the administrative capital of Kymenlaakso, some 135km northeast of the Finnish capital, Helsinki.

Voikkaa is a 60-hectare industrial area in Kouvola, largely owned by real estate investment firm Redeve Oy. The firm declined to comment to KS. Local officials have also declined to comment.

The site was previously home to a UPM-owned paper mill, which ceased operations in 2006. Some 30 companies operate within the park. Redeve acquired the site in 2019.

Yle reports that a local tombstone maker in the Voikka park is having to relocate due to the sale.

Hyperco is already developing one data center in Kouvola, alongside APAC operator DayOne, that is set to serve TikTok. AtNorth is also targeting Kouvola for a project.

Founded in 2020, Hyperco was acquired by Edgnex, the data center arm of Dubai real estate firm Damac, in April 2025.

The company acquired its first data center from Finnish family office TS-Yhtymä for more than €35 million ($36.4m) in 2022. At the time, the 16,900 sqm (181,900 sq ft) property, in Vantaa, had two long-term tenants: Equinix and Thales. Hyperco also has projects in development across Espoo, Pyhäjoki, and Lohja.