Brookfield Asset Management is planning to build artificial intelligence data centers in London's Canary Wharf, CEO Connor Teskey confirmed on Thursday.
The development marks a significant push by the global infrastructure giant into the U.K.'s primary financial district, often referred to as the country's answer to Wall Street.
Teskey told CNBC that the move is driven by surging demand for AI infrastructure within the United Kingdom.
Teskey told CNBC that the move is driven by surging demand for AI infrastructure within the United Kingdom.
By locating facilities in Canary Wharf, Brookfield aims to serve the dense concentration of financial institutions and tech firms that require low-latency access to computing power.
This strategy aligns with a broader industry trend where hyperscalers and infrastructure partners are seeking locations that combine robust power grids with proximity to key enterprise clients.
The announcement comes as Wall Street remains optimistic about the long-term trajectory of big tech capital expenditure, despite headwinds such as memory chip shortages and geopolitical tensions.