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Investment Thesis

Frankfurt: 3–5 year ATR queue. Slough: UK national grid moratorium. Amsterdam: closed. The FLAP corridor is operationally full.

Amsterdam is under a grid moratorium. Frankfurt's ATR queue runs three to five years. The UK's national grid moratorium has constrained Slough — the primary London campus market — since late 2023, and Dublin has seen planning refusals. Together these have effectively closed the FLAP corridor (Frankfurt–London–Amsterdam–Paris) to new power allocation at wholesale and hyperscale density: Western European operators holding signed customer LOIs currently have no viable grid entry point in their home market.

Resita Data Infrastructure SRL holds a documented land position in Western Romania, directly adjacent to a newly commissioned Transelectrica substation, ATR pending. The jurisdiction is EU-sovereign and NATO-aligned, and Transelectrica replied on 18 June 2026 (letter Nr. 29067) to the company's request of 29 May 2026 for connection options. That letter is not a study, an ATR or a connection offer.

PPC Romania (listed: PPC GA — Greece's largest energy utility, formerly Enel Distribution Banat) acquired 9.9 ha adjacent to this site in December 2025, according to the public land registry, for a 100 MW gas peaking plant. This is a real, independently checkable transaction by a different company for a different use — we note it as context, not as validation of our own land rights, grid access, or viability, which remain to be established on their own merits.

€380B

Global AI infrastructure capex committed through 2028

Hyperscalers are deploying capital faster than EU grid-adjacent land is being identified, so origination-stage sites with documentation get captured before open-market competition even begins.

Goldman Sachs Infrastructure Outlook 2025
3–5yr

Interconnection queue at Frankfurt and Amsterdam grid nodes

Operators that need EU-sovereign compute capacity today have no viable grid access in Western Europe, and capital is redirecting accordingly, toward secondary EU markets with verifiable power adjacency.

CBRE European Data Center Report 2025
Pending

ATR timeline for RES1 — grid study not yet contracted, no date confirmed

Direct adjacency to a Transelectrica 400/220/110 kV node commissioned 26 May 2026, with Transelectrica's reply (Nr. 29067, 18.06.2026) to the company's request of 29.05.2026 on file. No moratorium; no ATR has been issued. No MW is allocated; any capacity depends on the grid solution study and the ATR.

CNTEE Transelectrica SA · letter Nr. 29067 · 18.06.2026

Speed to Power — The #1 KPI for Wholesale Data Centre Economics

London / Slough
∞ mo
UK national grid moratorium · primary campus market closed
vs
Frankfurt / Amsterdam
3–5 yr
ATR queue · Amsterdam moratorium · no new sites
vs
Dublin / Paris
2–4 yr
Planning refusals · NIMBY · cost pressure
vs
Resita · Site RES1
No date set
Grid study not yet contracted · adjacent Transelectrica node
Institutional Entry

An early-stage position, not a finished asset.

Resita Data Infrastructure SRL holds the municipal cooperation agreement, the grid connection route opened with Transelectrica (reply Nr. 29067, 18.06.2026), and the land position described on this site — nothing more and nothing less. This page is written for brokers, placement agents, and intermediaries — not for an end operator directly. We are not pitching Meta, Amazon, Google, or any other hyperscaler ourselves, and we're not waiting for one to find us. We're looking for someone who knows that market, takes on the project, and places it with whoever actually wants it — an operator, a fund, a developer — earning a commission on successful placement. Deal terms, including the commission, are not fixed yet; they're agreed directly with the broker who takes this on.

Wholesale Colocation Operators · Build-to-Suit Developers · Western Europe

Profile: wholesale colocation operators and build-to-suit developers.

Grid-adjacent, no moratorium, Transelectrica's reply Nr. 29067 on file. A build-to-suit or wholesale campus to the eventual operator's own specification, and a viable entry point for UK, German, Dutch, and French operators who cannot get power allocation in their home market.

  • Direct grid adjacency — connection options received, variant pending
  • EU jurisdiction — GDPR and the EU AI Act apply by law (no facility or certification yet)
  • 30,000 m² initial parcel; expansion toward 31 ha not yet secured
  • Direct Transelectrica Node adjacency — ATR pending
  • PUE ≤1.20 target — air and potential Barzava river cooling
  • Municipal cooperation agreement signed, concession approved, signature pending
Digital Infrastructure Funds · UK · DE · NL · FR · Infrastructure Platforms

Profile: digital infrastructure funds and platforms with CEE appetite.

Documented origination in an EU market structurally closed to FLAP-node alternatives: Transelectrica has answered the company's connection request (Nr. 29067, 18.06.2026), the grid study is not yet contracted, ATR is pending, and the municipal process is advanced. A different company, PPC Romania (listed: PPC GA), separately acquired 9.9 ha adjacent in December 2025 on the same Transelectrica node, for its own project — noted here as context, not as validation of this site. This is an early-stage, pre-ATR position; price would reflect that stage. Target counterparties are UK-based digital infrastructure funds, German Mittelstand infrastructure platforms, and Dutch or French wholesale operators seeking CEE expansion.

  • Looking for a broker or placement agent, not an end buyer directly
  • Commission on successful placement — terms agreed with the broker, not fixed here
  • Grid-adjacent land position, EU jurisdiction
  • Pre-ATR, early stage — priced and structured accordingly
  • Municipal cooperation agreement and institutional support on file
What the acquiring partner gets
The SPV (Resita Data Infrastructure SRL)
  • Majority controlling interest in the clean SRL (CUI 54450187)
  • 49-year municipal land concession, once the Council's approval is signed
  • All municipal agreements — the strategic partnership agreement, the Mayor's letter of institutional support, TWG Decree
  • Grid connection route — Transelectrica reply Nr. 29067 (18.06.2026); study and ATR still to come
  • All origination documentation and VDR
  • Origination equity retained by the owner; any price set through independent ANEVAR valuation
Partner's mandate (not Marius's responsibility)
  • Lead ATR completion and grid connection (cost and timeline partner-borne)
  • Engineering, design, and CAPEX estimation — partner's team
  • Construction and buildout to partner specification
  • Anchor tenant relationships and commercial pipeline
  • Water abstraction permit and environmental permits (partner-coordinated)
  • Independent Technical Assessment (ITA) at due diligence stage

Broker / Placement Mandate — the route we're actually looking for

An intermediary takes on representing Resita Data Infrastructure SRL to the market, identifies and negotiates with the eventual buyer (operator, fund, or developer), and earns a commission on successful placement. The exact commission and terms are not fixed yet — they're agreed directly with the broker who takes this on, not published here as a fixed number.

Equity Acquisition — what the eventual buyer's structure could look like

The buyer the broker places this with would acquire a majority controlling interest in Resita Data Infrastructure SRL, which holds the municipal cooperation agreement and the grid connection route opened with Transelectrica. Ownership split and terms would be set through negotiation and independent valuation, subject to title confirmation, diligence, and legal advice — none of that is agreed yet.

Development JV — an alternative buyer structure

An alternative to outright acquisition: the Municipality of Resita, Resita Data Infrastructure SRL, and the eventual partner form a tripartite development vehicle, with the ATR process and construction led by the partner while the concession remains with the SRL.

Development Roadmap

Milestone-gated. Institutional capital structure.

Each phase gates capital deployment — Phase 1 documents are on file, with a few registry items still pending, and the Phase 2 partner process is active now.

Phase 01

Site Origination & Documentation

Municipal engagement, PUZ initiation, Transelectrica coordination, external listings, and company incorporation — the institutional documents are on file.

~3 ha · Documents on file
In place, some items pending
Phase 02

Partner Identification & Due Diligence

Transelectrica has replied (Nr. 29067 · 18.06.2026) to the company's request of 29.05.2026 for connection options; the grid solution study is not yet contracted. The Municipal Council has approved the concession award (confirmed by phone, 8 October 2026); the written resolution and signature in the name of Resita Data Infrastructure SRL are still pending. There is no sale before that signature is in place. Interested parties are welcome to start a conversation now — see Contact.

3 ha · Transelectrica reply on file
Active — now
Phase 03

JV Structuring & Land Allocation

Concession signature, SPV formation, and capital structure finalised, followed by the ATR result and, finally, grid connection executed.

3–10 ha · capacity to be defined by the study
Indicative
Phase 04

Campus Development (indicative)

Full campus buildout, with phased capacity delivery — indicative, and subject to ATR outcome — under a 31 ha extended concession application over a 5-year development horizon (public domain, transfer pending).

Up to 31 ha · not secured
Indicative
Third-Party Validation

What follows is what we can actually back up.

Each item below is marked with its real status — confirmed, referenced but unverified, or not yet independently checked. Nothing here is rounded up.

Transelectrica substation

The 400/220/110 kV substation appears in ANRE's public grid registry; Transelectrica's own 26 May 2026 inauguration announcement confirms commissioning, and the station can be checked in satellite imagery.

ANRE Romania · Transelectrica public records
Referenced, unverified

Transelectrica 400kV Corridor — Completed, Commercial Operation

The Resita substation is part of the Portile de Fier-Resita-Timisoara/Sacalaz-Arad 400kV transmission upgrade. This corridor held EU Project of Common Interest status (PCI 3.22, under the prior TEN-E list, Regulation 347/2013) while under construction. The physical works are now complete: the Resita-Pancevo cross-border interconnector with Serbia entered commercial operation in January 2025, and Transelectrica inaugurated the upgraded 400kV Resita substation on 26 May 2026. The corridor does not appear on the EU current PCI list (Delegated Regulation (EU) 2024/1041) because the works it was designated to accelerate are finished, not because of any issue with the project.

Transelectrica inauguration announcement, 26.05.2026 · prior EU PCI list (Reg. 347/2013, PCI 3.22) · current EU PCI list (Delegated Reg. (EU) 2024/1041) checked 09.10.2026

PPC Romania Adjacent Acquisition

PPC Romania — formerly Enel, now Greece's largest energy group — acquired 9.9 ha adjacent in December 2025 for a 100 MW gas peaking plant, recorded in the public land registry. Noted as context: a different company, a different project, on the same grid node — not a validation of our own land or grid position.

Cadastru Romania · Profit.ro · public records

Barzava Water Flow

A municipal support letter and prior drafts reference a Barzava flow figure and INHGA as a source. That figure has not been independently verified against a public INHGA record in this review — treat it as reported, not confirmed, until the underlying document is produced.

Status under verification
Not yet independently confirmed

Municipal Institutional Support

A written municipal letter of institutional support (dated 15.04.2026), the strategic partnership agreement (signed March 2026), and a municipal decision forming a technical working group for the project (issued 30.04.2026).

Municipiul Resita · public administration
Documents held; registry numbers on the support letter not independently confirmed

Orange — Fibre Connectivity

A major Orange fibre route runs near Casa cu Tei on Calea Caransebesului (approx. km 8), about 0.5 km from the RES1 parcel (km 7.5). Orange Business confirmed in writing on 20 October 2026 that it is starting a fibre connection survey; no offer has been issued.

Orange Business written confirmation, 20.10.2026
Written offer pending

Water — Barzava Flow via Municipal Conduit

Mayor Ioan Popa has verbally committed to the owner, in person, to deliver water from the Barzava flow to the site via municipal conduits, with the Municipality carrying out that public works itself.

Reported by the owner — verbal commitment from the Mayor, in person
Written confirmation pending, same status as the concession award before Hotararea 255
External listings & sources
BaxtelSite RES1 — verified listing
DatacenterMapActive listing
Mordor Intelligence19.93% CAGR Romania
Goldman Sachs€380B AI infra 2028
Jurisdiction & Governance

What EU jurisdiction actually gives you here, and what it doesn't yet.

Romania is an EU member state and NATO-aligned, so GDPR, the EU AI Act, and the EU Taxonomy framework apply here as a matter of law, the same as anywhere else in the Union — that's jurisdiction, not a certification this project has earned. No AI Act conformity assessment, no NIS2 critical-infrastructure designation, and no CSDDD due-diligence filing exist yet, because there is no operating facility to assess. Those come from whoever actually builds and runs the site, at that stage, not from the land today.

What is real now: the land is described as industrial brownfield; the urbanism documents (certificate, PUZ) are still to be confirmed. Romania's national grid runs at roughly 43% renewable generation already, independent of anything built here. The Technical Working Group and municipal partnership (see Documentation) are on file. Phase 3–4 build-out, if it goes ahead, would create technical jobs in a city whose economy was built on steel manufacturing; no figure is committed.

Resita Data Infrastructure SRL (CUI 54450187) is a standard Romanian SRL, publicly registered. Any sale price would go through independent ANEVAR valuation. The data room is NDA-gated, the normal standard for this kind of process, not a marker of compliance.

Full documentation, project registry & live status →

That's the real state of it. If it fits, talk to us.

No confirmed MW yet. Concession signature still pending. A real land position next to a live substation. If that's what you're looking for, get in touch. If it isn't, no hard feelings.