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WOODYER CAPITAL

Data Centre Acquisition Intelligence

Where power is the real title.

A data centre is sold as a building. It is bought as megawatts. The concrete is the easy part — the value sits in the grid connection, the redundancy, the fibre and the ability to scale. We read the asset beneath the floor, and price the constraint that actually moves this market.

Put a facility in front of us What we read

Programme 03 Data Centre Acquisition Intelligence

01 · What You Are Buying

The asset is
the megawatts.

Power is the binding constraint. A site can have perfect land, ideal fibre and full incentives — but if it cannot secure large, reliable power quickly and connect to the grid without prohibitive upgrades, it is not a data centre. We start where the market really prices, and work outward: capacity, resilience, connectivity, and the room to grow.

MW

Power read as
the primary asset

6

Chapters, in a
fixed order

A–D

A grade on
every claim

PUE

Efficiency read,
not taken on trust

Structural facts of the programme. Not performance claims.

01The Power Position

The Power Position

Everything starts here. Not the nameplate on the door — the power the grid can actually deliver, and when.

  • Available capacity & voltageSubstation capacity at the relevant voltage class, and how much can genuinely serve the site.
  • The interconnection dateThe realistic date power is live — and the bridge if that date slips.
  • Contracted vs deliverableWhat is on paper against what the network operator will actually energise.
  • Utility & operator standingThe ISO, DNO or utility, the queue position, and the cost of the upgrades required.
02Grid & Resilience

Grid & Resilience

One feed is a single point of failure. We read the whole resilience chain, from the network down to the last generator.

  • Diverse feedsIndependent feeds from separate substations, so one local failure does not take the site.
  • Redundancy topologyN+1, 2N or better — the design, and whether the install actually matches it.
  • Generators & fuelStandby capacity, runtime, fuel security and the maintenance record behind it.
  • UPS & switchgearAge and condition of transformers, switchboards and UPS — the cost hiding in the plant room.
03Connectivity

Connectivity

Power makes a data centre possible. Connectivity makes it lettable. Carrier choice and fibre routes are read as hard infrastructure, not a brochure line.

  • Carrier neutralityHow many carriers are on-net, and whether tenants are genuinely free to choose.
  • Fibre routes & diversityDiverse physical paths to the building, and the rights of way that secure them.
  • Latency & positionDistance to the interconnection points and metros that set the site's real value.
  • Bring-to-site costWhere fibre must be extended, the cost and time to do it — priced, not assumed.
04The Facility

The Facility

The building itself, read for what a modern — and AI — workload demands. Density, cooling and the honest ceiling on how far it can scale.

  • Cooling & densityCooling design against real power density (kW per rack), and the headroom for more.
  • PUE & efficiencyPower Usage Effectiveness read from the logs, not the target — the operating-cost tell.
  • Whitespace & scalabilityUsable space, structural capacity and the path to expand as demand grows.
  • Spec & obsolescenceWhere the design sits against current standards, and what a retrofit would cost.
05The Number

The Number

What the asset is worth, on the right basis. A powered shell, a stabilised facility and a land-with-power play are three different numbers — we price the one in front of you.

  • Basis of valueStabilised income, powered shell or land-and-power — matched to the asset's real stage.
  • Income & covenantLease terms and the strength of the operator or hyperscale tenant behind the rent.
  • Cost to stabiliseThe capital and time to reach full, income-producing capacity, built into the range.
  • Sensitivity & walk-awayPower delays, PUE drift and rate risk, stress-tested to the point the deal stops.
06Risk & Exit

Risk & The Next Move

The gates that decide whether the asset is developable, operable and sellable — and the full trail behind every conclusion.

  • Planning & landZoning, consents and the land constraints that decide whether power can even be used.
  • Water, environmental & energyCooling water, environmental exposure and the energy and ESG scrutiny now attached to the class.
  • Exit & liquidityWho buys it next — operator, fund or hyperscaler — and at what tone.
  • DD list, offer logic & source logThe request list, offer analysis and every claim traced to a dated source.

03 · The Trust Mechanic

Every claim carries a grade.

Infrastructure claims are the easiest to overstate and the most expensive to get wrong. The same A-to-D evidence system applies: a promised interconnection date and a signed one are not graded the same.

ADocumentedPrimary source. The connection agreement, the one-line diagram, the logs.
BCorroboratedStrong secondary evidence and consistent operator data.
CIndicativeReasonable and sourced, but thinner. Flagged to verify.
DAssumptionAn estimate, stated as one. No guess dressed as a fact.
See how the truth gets made →

04 · Built To Be Challenged

Every megawatt,
back to a source.

Nothing about the power, the fibre or the resilience is taken on the seller's word. Each figure traces to a dated, named source — the connection agreement, the operator's records, the network's own data. Put your technical adviser and your lender on it; it holds.

  • Connection AgreementContracted capacity, voltage and the live date.
  • One-Line DiagramsThe electrical topology and redundancy, as built.
  • Operator RecordsPUE, uptime and maintenance logs, dated.
  • Network & PlanningGrid queue position, consents and land constraints.
How the evidence is built →
By discussion · digital infrastructure

Bring us the facility.
We’ll price the power.

Put a facility in front of us

The fastest-growing asset class, read with the oldest discipline.