Trends
Tract unveils plans for 2.4GW data centre campus in Virginia
Tract, a data centre land acquisition and development company, has announced its plans to build a 2.4GW data centre campus in Hanover County, Virginia. This significant development signals Tract’s strategic expansion in the rapidly growing data centre market and underscores its commitment to fosteri…
Headline
Tract, a data centre land acquisition and development company, has announced its plans to build a 2.4GW data centre campus in Hanover County, Virginia. This significant development signals Tract’s strategic expansion in the rapidly growing data centre market and underscores its…
Context
Tract , a data centre land acquisition and development company, has announced its plans to build a 2.4GW data centre campus in Hanover County, Virginia. This significant development signals Tract’s strategic expansion in the rapidly growing data centre market and underscores its commitment to fostering community engagement and sustainable growth. Tract, a company specialising in the acquisition and development of data centre land, has disclosed its procurement of 1,200 acres in Hanover County, Virginia. Their intention is to construct a 2.4GW data centre campus on this land, named Hanover Technology Park.
Evidence
Pending intelligence enrichment.
Analysis
Approval for the project was obtained earlier this year from the Hanover County Planning Commission and its Board of Supervisors, ensuring zoning and entitlements. Referred to as the Hanover Technology Park, Tract anticipates energising the campus by 2028. Also read: Amazon to invest $11bn in Indiana data centres Grant van Rooyen, Tract’s CEO, said the project is sited in “an area planned for light industrial uses to maximise community benefits and minimise impacts to neighbours”. “The public process made our application better, enabling a thoughtful investment that will bring tax revenue, hundreds of high-paying jobs for Hanover County and attract other technology businesses to the region,” he added.
Key Points
- Tract acquires 1,200 acres in Hanover County, Virginia, for the development of a 2.4GW data centre campus, named Hanover Technology Park.
- The company secures zoning and entitlements for the site from the Hanover County Planning Commission and its Board of Supervisors, with plans to energise the campus by 2028.
- Tract prioritises community engagement and sustainable development, aiming to be a “good neighbour” by addressing residents’ concerns and fostering economic growth in the region.
Actions
Pending intelligence enrichment.
