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Vantage Data Centers Expands Milan Presence with €350M Investment in Second Campus 

Vantage Data Centers Expands Milan Presence with €350M Investment in Second Campus 

Denver-based Vantage Data Centers has announced a €350 million (approximately $407 million) investment to expand its Italian operations with the development of a second data center campus in Milan, reflecting the city’s growing importance as a European digital hub. 

Located in Castelletto, less than 10 miles from central Milan, the MXP2 campus will comprise two state-of-the-art data centers delivering a combined 32 megawatts (MW) of critical IT capacity across approximately 108,000 square feet. The first phase of the project is scheduled to become operational in spring 2026. 

“Milan’s extensive fiber network and position along major terrestrial backbones provide low-latency connectivity to key European hubs, including Zurich, Frankfurt, and Munich,” said David Howson, President of Vantage Data Centers, EMEA. “Our continued investment in this region reflects our confidence in its strategic role within Europe’s evolving digital infrastructure ecosystem.” 

The new development builds on Vantage’s initial Milan investment through the MXP1 campus, which established the company’s foundation in the Italian market. Together, MXP1 and MXP2 will deliver a total of 96MW of IT capacity to support global technology clients expanding across Europe. 

Vantage plans to invest approximately €4 billion ($4.6 billion) over the next eight years in Italy, employing an estimated 4,000 workers during construction and creating around 250 permanent jobs upon completion. 

“Vantage appreciates the recognition from the Italian government to be part of the growth engine powering the next generation of technology in my country,” said Alfonso Romano, Vice President of Site Selection and Acquisition, EMEA at Vantage Data Centers. 

Pictured: MXP2 campus 

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About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.