Data Center Development Investment Thesis

Data centre development is becoming a real estate, energy, and supply chain business at the same time. Returns favour operators that own all three.

Why now

Hyperscale demand has moved beyond the limits of generic colocation. The operators that win secure power years in advance, deliver substations on schedule, and build supply chain relationships that competitors cannot replicate.

Where I focus

Sites with secured power and interconnection in scarce markets
Operators with executed track record on schedule
Long-duration tenant contracts with credit-worthy counterparties
European angles where regulation creates structural advantage

https://niklaslindahl.com/thesis/ai-infrastructure/data-center-development