Kansen in Europese Datacentra
Alternatieven Ontgrendelen
Ontdek waarom Europese datacenters een van onze sterkste overtuigingen is binnen de vastgoedmarkten van vandaag.
Wat zijn datacentra?
Een datacenter is een gebouw dat de fysieke hardwarecomponenten huisvest die de veilige opslag, verwerking en overdracht van grote hoeveelheden digitale gegevens mogelijk maken. Deze componenten omvatten IT-apparatuur, bijvoorbeeld servers en harde schijven, en de apparatuur die de werking ervan faciliteert, bijvoorbeeld generatoren, batterijen, airconditioning en koelunits, brandblussystemen, transformatoren en glasvezelkabels. Datacentra zijn ook inkomstengenererende vastgoedactiva. In plaats van hun eigen datacentra te bouwen om hun opslag- en verwerkingsactiviteiten te huisvesten, vinden technologiebedrijven – zoals cloudserviceproviders met aanzienlijke computer- en opslagbehoeften – het vaak efficiënter om een lease te tekenen met een datacentereigenaar. De eigenaar van het datacenter zal de stroomtoegang en de gebouwinfrastructuur leveren in ruil voor huurinkomsten. In tegenstelling tot andere commerciële vastgoedklassen, wordt de huur voor datacentra bepaald door de hoeveelheid stroom die beschikbaar is voor de huurder, meestal uitgedrukt in euro’s per kilowattuur.
Waarom is de datacentrumruimte een gebied van sterke overtuiging voor PIMCO?
Naar onze mening profiteert het van sterke seculiere krachten binnen de technologiesector.
Bijvoorbeeld, krachten zoals de groei van internetpenetratie, verhoogde connectiviteit en de groeiende data-intensiteit van internetverkeer, hebben geleid tot aanhoudende groei in de hoeveelheid verbruikte data. Dit wordt geschat op een 4-voudige groei van 2018 tot 2023. Een andere drijfveer van de vraag is de migratie van bedrijfs-IT-diensten naar de “cloud”, wat bedrijvenmeestal bereiken door samen te werken met grote cloudserviceproviders zoals Microsoft, Google of Amazon Web Services die hyperscale computing gebruiken om grote hoeveelheden klantgegevens te verwerken.
Deze bedrijven staan bekend als “hyperscalers” en zij verwachten dat hun cloudservice-inkomsten zullen groeien van $41 miljard in 2018 tot $230 miljard in 2023, wat de immense omvang van deze trend aantoont. Deze hyperscalers zijn ook de grootste datacentrumhuurders wereldwijd. Een interessant kenmerk van deze cloudmigratietrend is de potentiële veerkracht tegen recessie.
Cloudservices kunnen klanten meer flexibiliteit en potentiële kostenbesparingen bieden, omdat ze hun capaciteit kunnen op- of afschalen afhankelijk van hun behoeften. Ook kunnen veel bedrijven tijdens een recessie hun IT-uitgaven daadwerkelijk verhogen, omdat ze proberen verschillende processen te automatiseren of efficiënties in het hele bedrijf te creëren. In beide gevallen kan een groter gebruik van cloudservices leiden tot een nog groter inkomstenpotentieel voor de hyperscalers en hun vraag naar datacentrumcapaciteit.
Waarom nu focussen op Europese datacentrummarkten?
In vergelijking met de VS is de datacentrumcapaciteit op capita basis in Europe beperkt, gezien de robuuste wereldwijde vraag.
Zelfs tier 1-markten, die over het algemeen verwijzen naar een groep West-Europese markten waar het overgrote deel van Europa’s datacentrumcapaciteit zich bevindt, namelijk – Frankfurt, Londen, Amsterdam en Parijs, lopen momenteel vijf jaar achter op de VS in termen van geïnstalleerde capaciteit. Tier 2-markten en Tier 3-markten lopen zelfs nog verder achter. In de komende jaren verwachten we convergentie in groeitrends tussen zowel de VS en Europa als binnen Europa om twee primaire redenen. De eerste is de groeiende penetratie van low-latency toepassingen, die lokale dataopslag en -verwerking dichter bij de eindgebruikers vereist. De tweede katalysator voor groei in gelokaliseerde datacentrumcapaciteit in Europa is de opkomst van gegevensbescherming en digitale soevereiniteitsregelgeving.
We zijn het meest enthousiast over de mogelijkheden in tier 2 en tier 3 Europese datacentrummarkten. Hier biedt het gebrek aan bestaande capaciteit aanzienlijke “ruimte” om datacentra te bouwen en dit te doen met de huidige ontwikkelingseconomieën die materieel aantrekkelijker zijn dan wat kan worden bereikt voor datacentra in tier 1-markten, of voor andere vastgoedsectoren.
Voor meer informatie, bezoek nl.pimco.com
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