When credit tightens, projects stall: land with a connection request, part-equipped buildings, sites of operators in difficulty. For buyers, these can be opportunities, if you quickly know what really has value.
DOES YOUR SITUATION LOOK LIKE ONE OF THESE?
An abandoned data center project is up for takeover, with land and a grid connection request. What is it really worth?Our main tenant is a neocloud whose financing is tightening. What is our data center worth if it leaves?Ahead of an acquisition, we have four weeks to complete the technical review of an operating 12 MW site.
Xavier WatrelosHV grid connection & industrial projects
WHAT WE CHECK
Fast pre-acquisition review
Grid connection: document obtained, deadlines, and whether a new holder can take it over
Equipment: transformers, switchgear, generators ordered or delivered, related contracts
Permits: building permit, ICPE, pending appeals
Building and installations: progress, quality, punch list
Contracts: tenants, suppliers, contractors, transferability
Remaining works: cost, time, realistic go-live date
Equipment: transformers, switchgear, generators ordered or delivered, related contracts
Permits: building permit, ICPE, pending appeals
Building and installations: progress, quality, punch list
Contracts: tenants, suppliers, contractors, transferability
Remaining works: cost, time, realistic go-live date
See post-acquisition integration and the neocloud credit squeeze. No commission on the transaction.
FREQUENTLY ASKED QUESTIONS
Can the grid connection of an abandoned project be taken over in France?
It depends on the document obtained and the grid operator's rules. It is one of the first points to check, with legal support.