US-based tech major Microsoft has appointed Ferrovial, a Spain-based infrastructure company, to construct a data centre near Madrid, the Spanish capital, Reuters reported, citing Cinco Dias newspaper.
Citing sources aware of the matter, the Spanish financial daily Cinco Dias reported that, though the contract value has not been disclosed, it could be worth several hundred million euros.
The tech major plans to make several investments worth over $12.75bn across 17 regions in Europe.
The data centre is expected to be constructed at San Sebastian de los Reyes, about 20km from Madrid.
Microsoft also intends to build another two projects in Madrid to develop Cloud services, the Spanish daily reported.
In December, Ferrovial closed the divestment of a 100% stake in Amey Group to a UK firm controlled by funds managed by One Equity Partners in partnership with Buckthorn Partners.
The deal marks an enterprise value of £400m and an equity value of about £264.6m.
A net amount of £112.8m was paid partially in cash, and the remaining portion will be paid via a vendor loan note of around £151.8m.
In October 2022, Ferrovial signed an agreement for the sale of Amey group.
This deal almost completes the divestment of the Ferrovial Services division.