Prodea Investments expands into data centers via Quadrivium partnership

Reports indicate that the REIC is expected to proceed with the issuance of a bond loan of up to €15 million, intended to finance part of the development of the new 20MW data center campus, Quadrivium Digital Chania, being developed by Quadrivium Hellas in Varipetro, Chania.

The project is strategically positioned as the easternmost point of the European Union for international network peering, functioning as a major digital interconnection hub. Crete has been selected due to its longstanding role as a crossroads of trade, as well as its contemporary maritime and geopolitical significance.

Quadrivium Digital Chania is designed to operate as a Subsea Cable Landing Station (CLS), an Interconnection Hub, and a Hyperscale Data Center Hub, providing high-capacity, low-latency infrastructure for data transmission. This enables fast and reliable data exchange between Europe, Africa, and Asia through a single, secure, and resilient node within the EU. In doing so, the project significantly strengthens Greece’s position on the global digital infrastructure map.

At the same time, the development of the campus is expected to enhance regional connectivity by improving access to cloud services and artificial intelligence technologies. The creation of such a high-tech hub is also anticipated to attract substantial investment from international telecommunications operators, technology companies, and cloud service providers.