ACS Group has announced its first major hyperscale lease for its global data center platform, signing a long-term agreement covering approximately 140 megawatts of critical IT load at its Dallas-Fort Worth Metroplex campus in Texas, while simultaneously unveiling Coravel as the operating brand for its joint venture with Global Infrastructure Partners.

A Commercial Milestone for the Platform

The lease agreement covers three purpose-built facilities at the Dallas-Fort Worth campus, with expansion rights extending to a further approximately 100 megawatts of critical IT load across two additional facilities.

ACS described the deal as the first major hyperscale lease for the platform globally, calling it a strong validation of demand for large-scale, well-located digital infrastructure.

ACS Chief Executive Officer Juan Santamaría said the milestone demonstrates the strength of demand for well-located, well-powered and well-executed digital infrastructure, and that the platform is designed to deliver at scale in markets with strong long-term demand.

Santamaría also pointed to the deal as reflecting the strength of ACS's investment strategy globally, with the group continuing to build what he described as a high-quality portfolio of assets.

The Dallas-Fort Worth campus is part of the initial portfolio contributed by ACS to the joint venture and will be delivered through a phased construction program, with staggered service dates running through 2028.

Coravel Becomes the Unified Brand

Alongside the lease announcement, ACS Group confirmed the launch of Coravel as the unified operating brand for its 50-50 joint venture with GIP, which is a part of BlackRock.

The joint venture was originally announced in November 2025 and is focused on the development and operation of next-generation data centers worldwide.

Coravel is positioned to serve hyperscalers, artificial intelligence companies and enterprises requiring reliable, scalable capacity delivered at speed.

Through the brand, ACS is extending what it describes as its integrated model into digital infrastructure, combining engineering, design and construction capability with long-term capital to deliver projects at scale.

The platform brings together ACS's pre-existing portfolio of approximately 1.2 gigawatts of critical IT load of data center assets currently under development across Europe, the United States, and Australia, alongside a pipeline of future opportunities under review in key global markets.

Turner to Lead Construction Delivery

Turner Construction Company, an ACS company, will lead construction delivery at the Dallas-Fort Worth campus.

Turner will draw on its experience in delivering complex, large-scale data center projects in North America, covering the full lifecycle from early works through to commissioning. ACS noted that Turner is ranked as the number one global data center builder.

The involvement of Turner reflects ACS's broader strategy of deploying its integrated construction and engineering capabilities within the Coravel platform.

The company has framed this integration as a distinguishing feature of the venture, enabling it to combine development expertise with investment capital under a single platform structure.

GIP and BlackRock Partnership

GIP, now part of BlackRock, serves as the investment partner in the Coravel joint venture. The 50-50 partnership was structured to pair ACS's development, engineering, and construction capabilities with GIP's investment expertise.

Santamaría described the combination as foundational to building a platform capable of meeting growing demand for digital infrastructure.

The joint venture operates across key global markets, with the Dallas-Fort Worth lease representing the first major commercial transaction completed under the partnership since its announcement in November 2025.

ACS Group's Broader Infrastructure Position

ACS Group reported 2025 revenue of 49.9 billion euros and employs more than 150,000 people worldwide.

The group was ranked number one on ENR's Top 250 International Contractors list in 2025.

Its operations span next-generation mobility, advanced technology, energy transition, critical minerals, natural resources, social infrastructure and large-scale civil engineering.

The launch of Coravel represents ACS's formal entry into the branded data center operating market, building on an existing portfolio of assets under development across three continents.

The group has framed digital infrastructure as a strategic growth area, with the Coravel platform serving as the vehicle through which it intends to compete for large-scale hyperscale and enterprise contracts on a global basis.