In response to the ongoing crisis in the real estate sector, French company Altarea has announced a strategic partnership with Vantage Data Centers, a major player in the hyperscale data center market. This collaboration marks a significant pivot for Altarea, which has been heavily involved in various real estate sectors, including shopping centers, residential units, and offices. With the French real estate market facing challenges, this venture into data centers presents a new growth opportunity.

The partnership aims to develop a total of 15 data centers by the year 2030, with a notable project set to be located near Bordeaux. This facility is projected to be one of the largest in France and is designed to cater specifically to the needs of major technology companies. Altarea's role will involve managing the necessary administrative permits and connecting the site to essential services, ensuring the project progresses smoothly from conception to completion.

By entering the data center industry, Altarea is not only addressing the current crisis in the real estate market but also aligning itself with trends in artificial intelligence and technology infrastructure. This strategic move positions Altarea to capitalize on the growing demand for data management and storage solutions, potentially reshaping its business model in a rapidly evolving market.