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21 September 20234 minute read

DLA Piper advises CyrusOne on the acquisition of a FRANKFURT WESTSIDE space for the construction of a data center

DLA Piper has advised CyrusOne, a leading global data center developer and operator, on the acquisition of a 63,000 square meter plot at FRANKFURT WESTSIDE for the construction of a data center. It will be the seventh data center campus in Frankfurt, named FRA7. FRANKFURT WESTSIDE is a commercial and industrial mixed-use regeneration project managed by BEOS AG and Swiss Life Asset Managers Deutschland GmbH.

CyrusOne has a data center scheme that prioritizes sustainability and provides re-used waste heat to the FRANKFURT WESTSIDE campus. Innovative waste heat re-use methods will be deployed with a potential 40MW of waste heat delivered to the campus heating network when at full capacity. The facility will be powered by renewable energy. In addition, specific practices are being implemented throughout the design and construction phase to source sustainable materials and lower CO2 emissions.

CyrusOne is a leading global data center developer and operator specializing in delivering state-of-the-art digital infrastructure solutions across the globe. With more than 50 high-performance data centers worldwide, the company ensures the continued operation of digital infrastructure for nearly 1,000 customers.

The DLA Piper team was led by partner Lars Reubekeul (Real Estate, Munich) and also included partner Dr Manuel Indlekofer, senior associates Philipp Moser, Dr Lilian Gutkin and Senior Transaction Specialist Lisa-Maria Kreuzer (all Real Estate, Munich). Partner Eike Neugebauer (Frankfurt) was responsible for the real estate financing aspects and counsel Christopher Ollech and associate Dr Elisabeth Spiecker for the energy law aspects of the transaction.

From the Netherlands, partner Manon den Boer and associate Danique Westerbeek provided support. Senior attorney Brian Joe and attorneys Catalina Rodriguez and Mark Lindemann coordinated the US legal aspects of the transaction.

In-house at CyrusOne, the team was led by Rachel Heslehurst, Vice President, Legal – Assistant General Counsel & Assistant Corporate Secretary, Europe, and Michael Barth, Senior Corporate Counsel, Europe – Head of Legal, Germany.