Data centre growth is reshaping land deals in Alberta

The growth of data centre development in Alberta is contributing to increased land transaction activity across the province. As interest in suitable sites grows, the way some of these transactions are progressing is also changing.

Partner Paul Logan told The Globe and Mail that deals are being made across the province, likening the activity to the “gold rush mentality for renewables” roughly 10 to 15 years ago.

Read: AI compute infrastructure

“It used to be that a project proponent would close a land deal first, then seek regulatory approvals,” Paul said.

“Now, instead of waiting, approvals are being sought during conditional periods before a land deal closes.”

You can read more about data centre development in our Investing in Canada series and learn more about our Real Estate work on our practice page.

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