Overview

• Brookfield Asset Management said on June 4 it will allocate up to 95 billion Swedish crowns for an AI data centre near Stockholm in Strängnäs.
• The facility is projected to create more than 1,000 permanent roles and roughly 2,000 construction jobs over its 10- to 15-year build-out.
• Brookfield already controls the site and is negotiating a two-year land allocation pact with Strängnäs municipality at 525 million crowns if planning conditions are met.
• Prime Minister Ulf Kristersson praised the hometown investment as a significant boost to Sweden’s digital infrastructure.
• The announcement underscores Europe’s AI infrastructure boom, with Microsoft, Meta and Alphabet expanding Swedish data centres and Nvidia providing its latest AI platform to local firms.