US data centre real estate investment trust (REIT) CyrusOne Inc. (NASDAQ: CONE) has purchased a piece of land in Hanau, East of Frankfurt, for the construction of a new hosting park as the business further penetrates into the heart of Europe.

The new campus is designed to receive incoming power of 90MW and will have a critical power capacity of 63MW. This will be its fifth data centre in the German city.

Upon completion, Frankfurt V will deliver 18,000 sq m/193,750 sq ft of technical space within two separate three-story buildings, each with a critical power capacity of 31.5MW.

The earliest phase of construction is planned for Q2 2023 with the first phase of 9MW of capacity or more delivered Q3 2024.

Matt Pullen, EVP and managing director Europe, CyrusOne, said: “Take-up in capacity by hyperscalers continues to drive significant demand for data centre needs across Europe, resulting in near record levels of construction pipeline, particularly in Frankfurt.

“CyrusOne has enjoyed remarkable success in the region and a fifth site in Frankfurt signals our experience in this market and our capability to consistently deliver mission-critical capacity and capabilities that our customers have come to depend on.”

CyrusOne operates more than 50 data centres worldwide. The company’s European portfolio accounts for nearly 218 MW across Frankfurt, London, Amsterdam, Paris and Dublin, inclusive of operating data centres and active developments.

The operator has recently made global headlines for all-stock flagship sale to investment firm KKR (NYSE: KKR) and infrastructure investor Global Infrastructure Partners (GIP). At US$15 billion, the transaction represents the largest deal in data centres to date.

CyrusOne has also recently published its 2021 Sustainability Report where it provides insight into the company’s efforts to conserve water and energy through creative data centre design; build a diverse, empowered workforce and supply chain; and operate in alignment with the highest standards of character and integrity.