According to NorthC Schweiz AG, the planned data centre will have an IT capacity of 4.5 MW and will be powered by 100% green energy. The lease agreement is the result of an existing development agreement with the NorthC Group's goal of operating its sixth data centre in Switzerland. This makes NorthC Schweiz AG one of HIAG's ten largest tenants.

"Geneva is an important commercial and economic centre in Switzerland, alongside the Basel and Zurich regions. Demand for digital services, and thus also for data centre capacity, is growing rapidly. This makes Geneva a logical location for the NorthC Group to build a new data centre. Its proximity to the renowned scientific research centre CERN also offers new opportunities for collaboration in scientific research and innovation, including AI," says Alexandra Schless, CEO of NorthC Group.

After receiving the legally binding building permit at the end of 2025, HIAG will start construction of the building in the first quarter of 2026, which will also be suitable for a variety of other uses as a data centre in the long term. The rental space of the new building is around 5,700m². The handover of the rental property is scheduled for the end of 2027.

“The lease agreement with NorthC underscores our strategy of attracting forward-looking technology companies as tenants to our ‘The Hive’ campus in Meyrin (GE),” says Marco Feusi, CEO of HIAG, adding: ‘With the new multifunctional building and its use as a data centre, we are not only creating additional value for our investors, but also strengthening the digital infrastructure in one of Switzerland's most dynamic economic regions.’