Digital Ursus secures a strategic tenant from the data center sector


GREYKITE European Real Estate Fund I (“the Fund”), its affiliated entities, and White Star Real Estate (“White Star”) have announced the completion of several key milestones in the conversion project of Digital Ursus in Warsaw, located at Posag 7 Panien Street. This includes signing a long-term lease agreement with a global leader in data center solutions. This step marks further progress in the transformation of the site—from a logistics facility into an advanced digital infrastructure hub.

 

Power capacity expansion and infrastructure investment


As part of its conversion into a data center, Digital Ursus successfully secured an increase in available connection capacity—from the current 18 MW to 65 MW within the next year—across a total facility area of 20,000 sqm. The tenant has signed a long-term lease and plans significant investments in infrastructure development and scaling operational activities at the site.

 

Strategic location fuels tenant interest


Thanks to its strategic location—just 8 km from downtown Warsaw and 6 km from Chopin Airport—the investment is gaining significance as a key site on the rapidly developing data center map of Europe. This locational advantage continues to attract tenant interest—several of whom have recently extended and expanded their existing lease agreements.

 

Poland's data center market poised for strong growth by 2029


It is estimated that Poland’s data center market will triple in value by 2029, driven by rising demand for digital services, cloud solutions, and colocation. Warsaw remains the leading hub, accounting for nearly 70% of the country’s commercial colocation and hosting resources. In the face of growing data processing needs and the necessity to expand robust digital infrastructure, the transformation of the Ursus property into a modern data center hub is a strategic response to market needs and demonstrates the commitment of GREYKITE and White Star to developing digital infrastructure in Poland.

 

CEO of GREYKITE comments on the rapid development of Digital Ursus


We are very pleased with the pace at which we’ve been able to create additional value through the Digital Ursus project—in just a few months, we signed a long-term lease with a leading data center operator, relocated previous tenants, and increased available capacity to 65 MW. Together with White Star, we have always viewed this project as a platform for long-term, strategic investments in a high-growth sector. The early success in transforming this property into a modern data hub validates that vision and clearly signals our long-term commitment to expanding digital infrastructure in Europe – says Michael Abel, Founder and CEO of GREYKITE.

 

Strategic significance of the investment highlighted by GREYKITE partners


We are developing this unique project with great enthusiasm alongside our partners at White Star. This initiative underscores GREYKITE’s active role in creating investment value. The involvement of a key tenant from the data center sector confirms the strategic importance of this property for digital infrastructure development in the region – adds Dan Valenzano, Senior Partner at GREYKITE.

 

Digital Ursus transformation: from logistics to digital services


Digital Ursus is currently undergoing a significant transformation—from a traditional logistics park originally developed by White Star into a modern infrastructure facility ready to support advanced digital services. This success is the result of close collaboration, strong commitment from all parties involved, and the flexibility of the investment, which allows for an agile response to changing market demands – summarizes Dariusz Domański, Managing Partner at White Star Real Estate.

 

Source: wsre.prowly.com