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Country Report Data Centres Report ID: TRV-RD-213 Published June 2026

Dublin Submarine Cable Landing Station Real Estate Market

TROVIEW INTELLIGENCE | Dublin Submarine Cable Landing Station Real Estate Market | Q2 2026 TROVIEW INTELLIGENCE · CITY INTELLIGENCE REPORT By Submarket · By Cable System · By Ownership Model · By End-User Sector Submarket Profiles: Clonshaugh · Blanchardstown · Cruiserath Road · East Coast Dark Fibre · Kilmore Quay Gateway Dublin is the primary terrestrial gateway between Ireland's west coast Atlantic cable landing s...
Base Year Value
USD 231.4 Million
Forecast Value (2035)
USD 762.6 Million
CAGR
12.8%
Report ID
TRV-DC-010-CITY
Base Year
2025
Pages
220+
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TROVIEW INTELLIGENCE | Dublin Submarine Cable Landing Station Real Estate Market | Q2 2026
TROVIEW INTELLIGENCE · CITY INTELLIGENCE REPORT

By Submarket · By Cable System · By Ownership Model · By End-User Sector

Submarket Profiles: Clonshaugh · Blanchardstown · Cruiserath Road · East Coast Dark Fibre · Kilmore Quay Gateway

Dublin is the primary terrestrial gateway between Ireland's west coast Atlantic cable landing stations and the hyperscaler data centre campuses that are the ultimate destination of transatlantic data traffic, with EXA Infrastructure's Clonshaugh Business Park landing station co-located with five Amazon Web Services data centres in the same business park serving as Ireland's primary carrier-neutral cable hub for CeltixConnect-1, CeltixConnect-2, and EXA Atlantic, Amazon operating at least 15 data centres across Cruiserath Road, Clonshaugh, and Blanchardstown according to CSIS analysis of September 2025, the Beaufort cable planned to land at Kilmore Quay in County Wexford and terminate in Dublin providing the first Amazon-Vodafone direct Ireland-UK link, Microsoft filing for three Ireland-UK cables in January 2025 with Dublin as a routing node, and Ireland's Defence Forces confirming that Russian state actors were mapping cable landing stations in Ireland as recently as 2020 and attempting vessel surveillance of cable routes in 2024 making Dublin's dark fibre interconnect between coastal landing stations and the city's hyperscaler campus cluster the most strategically critical terrestrial digital infrastructure in the European Union.

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MARKET SYNOPSIS

The Dublin submarine cable landing station real estate market size was USD 231.4 Million in 2025 and is expected to register a revenue CAGR of 12.8% during the forecast period, reaching USD 762.6 Million by 2035. Market revenue growth is supported by Dublin's role as the terrestrial aggregation point for all submarine cable capacity landing in Ireland, as the transatlantic data traffic carried by the AEC-1, AEC-2/Havfrue, AEC-3/Amitie, EXA Express, and IRIS cable systems landing on Ireland's west coast must traverse terrestrial fibre routes to Dublin to reach the hyperscaler data centre campuses that are the ultimate customers for that capacity. EXA Infrastructure's cable landing station in Clonshaugh Business Park, Dublin described by EXA's Network Operations Centre and Cable Landing Station in Dublin in open-source UK parliamentary evidence of March 2025 operates as Ireland's primary carrier-neutral cable landing and aggregation facility, physically co-located with five Amazon Web Services data centres that make it the highest-density convergence of submarine cable infrastructure and hyperscaler data centre real estate in the European Union. Amazon Web Services operates at minimum seven data centres at Cruiserath Road, five at Clonshaugh Business Park, and three at Blanchardstown Business Park in the Dublin metropolitan area per CSIS analysis of September 2025 of cable routing and data centre co-location patterns, with each of these campus clusters requiring high-capacity terrestrial dark fibre infrastructure connecting to cable landing stations for the transatlantic capacity that serves Amazon's European data centre network. For instance, in January 2025, Microsoft Corporation, United States, filed regulatory applications for three Ireland-UK subsea cables, each of which will route transatlantic and UK-bound traffic through Dublin's terrestrial network infrastructure and require landing station co-location or dark fibre interconnection arrangements in the Dublin market per Data Center Dynamics reporting of January 2025, adding to the total volume of submarine cable capacity served by Dublin's cable landing station real estate ecosystem. These are some of the key factors driving revenue growth of the market.

EXA Infrastructure, United Kingdom, completed its acquisition of Aqua Comms, Ireland, in December 2025 for approximately USD 59 million per RCR Wireless reporting of January 2026, acquiring alongside the west coast Mayo landing stations the CeltixConnect-1 and CeltixConnect-2 cable systems that land in the Dublin area and serve as the short-haul connectivity backbone between Ireland and the UK for traffic that does not require the full transatlantic capacity of the Mayo-based AEC systems. The EXA Clonshaugh landing station is the facility where, as noted in UK parliamentary evidence, EXA's Network Operations Centre operates to manage its trans-Atlantic cable systems, providing the 24-hour monitoring, maintenance coordination, and repeater power management that keeps the cable systems operating continuously functions that make the station's real estate and staffing costs a fixed operating commitment rather than a variable expense. Amazon's Beaufort cable, a collaboration with Vodafone connecting Ireland to the UK and planned to land at the former ESAT 1 station at Kilmore Quay, County Wexford, will terminate its Irish land haul in Dublin, adding a further short-haul cable system to the terrestrial fibre infrastructure market between the Wexford coast and Dublin's data centre campus cluster. The Havfrue/AEC-2 cable, co-owned by EXA (via Aqua Comms), Meta Platforms, Google, and Bulk Infrastructure with 108 Tbps design capacity landing at Leckanvy, County Mayo, requires a dedicated high-capacity fibre backhaul route from Mayo to Dublin's data centres a route that represents the highest-revenue terrestrial dark fibre infrastructure asset in Ireland and whose commercial terms determine the delivered cost of transatlantic capacity for hyperscaler tenants in Dublin. These are some of the key factors driving revenue growth of the market.

However, the Dublin submarine cable landing station real estate market faces structural constraints that temper the pace of revenue growth through the forecast period. The geographic separation between Dublin's data centre campus cluster concentrated in the north Dublin industrial corridors of Clonshaugh, Blanchardstown, and Cruiserath Road and Ireland's primary west coast cable landing stations at Killala and Leckanvy in County Mayo creates a terrestrial backhaul requirement of approximately 300 kilometres that introduces latency, resilience risk, and infrastructure cost not present in markets where cable landing stations are physically co-located with data centres. Dublin's planning environment for new data centre construction the primary demand driver for cable landing station capacity has become more constrained, with EirGrid Ireland's grid operator periodically suspending grid connection applications for large energy users in the greater Dublin area due to electricity network capacity constraints, reducing the pace at which new hyperscaler data centre capacity can be commissioned to absorb the additional submarine cable capacity arriving through new system deployments. Iran-US geopolitical tensions and LNG price volatility through the Strait of Hormuz, as confirmed by IMF March 2026 analysis, create upward pressure on Irish electricity prices given Ireland's dependence on gas-fired generation in the national electricity mix, increasing the continuous power costs of cable landing station repeater power feeding, network operations, and dark fibre infrastructure for operators including EXA whose cable station power consumption is a non-negotiable fixed cost of system operations. Geopolitical security risk to Dublin's cable landing station infrastructure is documented, with the CSIS analysis of September 2025 noting that Russian security services reportedly mapped Dublin-area cable infrastructure in 2020 and that state actor threats to cable landing stations are considered an active risk by Irish Defence planners. These factors substantially limit Dublin submarine cable landing station real estate market growth over the forecast period.

Troview Analyst Perspective

The most important piece of infrastructure in Dublin's digital economy is not a data centre. It is a 1,000 square metre building in Clonshaugh Business Park from which EXA's Network Operations Centre manages the transatlantic cables that carry the traffic of Amazon, Meta, Google, and every major European telecommunications carrier between the US and EU. That building's real estate value is not captured in any REIT's balance sheet, any data centre investment trust's portfolio, or any commercial real estate transaction database. It is an essentially invisible asset that is simultaneously irreplaceable. When EXA acquired Aqua Comms for USD 59 million in December 2025, what it actually acquired was control of the cable landing station positions, the operational relationships with Amazon and the hyperscalers who are the cable systems' primary customers, and the network operations expertise to run the repeater power feeding systems that keep the cables alive 24 hours a day. The building was almost incidental. That valuation mismatch between the operational centrality of the asset and its institutional pricing is the defining characteristic of the Dublin cable landing station real estate market, and it will not persist for another decade." Troview Intelligence Head of Dublin Submarine Cable Landing Station Research

SEGMENT INSIGHTS

By Ownership Model
Carrier-neutral landing station and dark fibre infrastructure segment is expected to account for a significantly large revenue share in the Dublin submarine cable landing station real estate market during the forecast period.Based on ownership model, the Dublin submarine cable landing station real estate market is segmented into carrier-neutral landing station and dark fibre infrastructure, hyperscaler directly-controlled landing station assets, and government and state-owned cable infrastructure. Carrier-neutral landing station and dark fibre infrastructure anchored by EXA Infrastructure's Clonshaugh Business Park station and the terrestrial fibre routes connecting it to the wider Dublin data centre campus cluster accounts for the largest share of Dublin's landing station real estate market by revenue, as the multiple cable systems terminating at or routing through the Clonshaugh facility generate aggregated demand for colocation space, power, and dark fibre that cannot be served by any single hyperscaler-owned facility.Hyperscaler directly-controlled landing station assets are expected to register the fastest revenue growth through 2035, as Amazon's model of building Fastnet in Cork as a dedicated private landing station co-located with its own data centre network becomes the template for hyperscaler cable infrastructure strategy in Ireland. Amazon's Dublin campus cluster at Clonshaugh, Cruiserath Road, and Blanchardstown will increasingly require private dark fibre and dedicated cable landing positions that bypass third-party carrier arrangements, converting the Dublin cable landing station market from a carrier-neutral multi-tenant model toward a hyperscaler-captive direct-connect model over the forecast period.
By End-User Sector
Cloud and hyperscale data centre sector is expected to account for a significantly large revenue share in the Dublin submarine cable landing station real estate market during the forecast period.Based on end-user sector, the Dublin submarine cable landing station real estate market is segmented into cloud and hyperscale data centres, telecommunications carriers and ISPs, financial services and enterprise, and government and defence. Cloud and hyperscale data centres account for the dominant share of demand for cable landing station capacity in Dublin, as Amazon, Google, Meta, and Microsoft's Dublin-area data centres collectively represent the majority of transatlantic bandwidth consumption that flows through Ireland's cable landing stations, with Amazon's minimum 15 Dublin-area data centres alone generating transatlantic demand that has justified the company's direct cable investment in the Fastnet system.Financial services and enterprise is the highest-revenue-per-port end-user sector in Dublin's cable landing station colocation facilities, as the Irish Financial Services Centre and the concentration of international banks, asset managers, and insurance firms in the Dublin International Financial Services Centre require low-latency transatlantic connectivity with full path diversity and enterprise-grade service level agreements that premium landing station colocation supports at rates above standard carrier pricing. Government and defence is the fastest-growing institutional end-user following the reclassification of submarine cable infrastructure as critical national infrastructure by the Irish Government and the documented geopolitical threat environment for cable landing stations identified by CSIS analysis.
03SUBMARKET ANALYSIS

Five Submarkets Defining Dublin Cable Landing Station Geography

CLONSHAUGH BUSINESS PARK IRELAND'S PRIMARY CARRIER-NEUTRAL CABLE HUB
Primary OperatorCo-Located Amazon DCsCable Systems ServedOperational Model
EXA Infrastructure Network Operations Centre5 AWS data centres in Clonshaugh Business ParkCeltixConnect-1, CeltixConnect-2, EXA AtlanticCarrier-neutral, 24/7 NOC, repeater power feeding

Clonshaugh Business Park in north Dublin is the most strategically important cable landing station location in Ireland, hosting EXA Infrastructure's Network Operations Centre and cable landing station facility alongside five Amazon Web Services data centres that make it the highest-density convergence of submarine cable infrastructure and hyperscaler data centre real estate in the European Union. EXA's Clonshaugh station operates a 24-hour Network Operations Centre managing the CeltixConnect-1, CeltixConnect-2, and EXA Atlantic cable systems, providing the repeater power management, fault monitoring, and maintenance coordination functions that are necessary for continuous cable system operation and that bind the landing station to its operator regardless of ownership transitions or capacity price movements. The co-location of EXA's landing station and Amazon's Dublin data centres in the same business park is the physical manifestation of the hyperscaler cable strategy: placing the cable termination point within metres of the data centre campus eliminates the terrestrial haul, latency, and cost that every other European operator pays when routing transatlantic capacity from a coastal landing station to an inland data centre. Amazon's presence at Clonshaugh as both the primary data centre tenant in the park and a major capacity buyer on the cable systems terminating at EXA's station creates a structural alignment of interests that explains Amazon's cable investment strategy better than any financial model: the cable and the data centre are one integrated infrastructure asset.

CRUISERATH ROAD AND BLANCHARDSTOWN CORRIDOR AMAZON CAMPUS CLUSTER PRIMARY DARK FIBRE DEMAND GENERATOR
Amazon DCs at CruiserathAmazon DCs at BlanchardstownDark Fibre RequirementStrategic Significance
7 data centres operational or planned3 data centresHigh-capacity routes to Clonshaugh and west coastAmazon EU retail, cloud, and AI serving hub

The Cruiserath Road and Blanchardstown corridor in west Dublin is the primary concentration of Amazon Web Services data centre infrastructure in Ireland, with at minimum seven operational or planned data centres at Cruiserath Road and three at Blanchardstown Business Park per CSIS analysis of September 2025, collectively forming the largest single-operator data centre campus cluster in Ireland and one of the largest in the EU. The transatlantic capacity consumed by Amazon's European data centres serving Amazon's retail e-commerce, AWS cloud services, and AI training and inference workloads for European customers flows from the AEC-1, AEC-2/Havfrue, and AEC-3/Amitie cable systems landing in County Mayo through terrestrial dark fibre routes into this Cruiserath and Blanchardstown campus cluster, making the fibre infrastructure corridors connecting Mayo's Killala and Leckanvy landing stations to west Dublin's data centres the highest-throughput digital infrastructure arteries in Ireland. The concentration of Amazon capacity at Cruiserath Road and Blanchardstown is the primary justification for the Fastnet cable's 320 Tbps capacity design a system sized to serve the traffic requirements of this campus cluster for the next 20 years at current growth projections, with the Cork landing providing geographic diversity from the Mayo landing point that serves the same Dublin campus destination.

EAST COAST DARK FIBRE AND WEXFORD GATEWAY BEAUFORT CABLE GATEWAY AND TERRESTRIAL BACKBONE
Beaufort CableFormer StationTerrestrial RouteStrategic Role
Amazon-Vodafone, Kilmore Quay, WexfordESAT 1 landing station, Kilmore QuayWexford coast to Dublin data centresIreland-UK short-haul diversity and enterprise routing

The east coast dark fibre corridor between Dublin and County Wexford is gaining strategic importance as the Beaufort cable a collaboration between Amazon and Vodafone linking Ireland to the UK at Bude, England, and Port Eynon, Wales is planned to land at the former ESAT 1 landing station at Kilmore Quay, County Wexford per Data Center Dynamics and SubTel Forum reporting, introducing a new Amazon-backed Ireland-UK cable system that will terminate its Irish land haul in Dublin and add to the aggregate cable capacity requiring high-speed terrestrial routing from the Wexford coast to the Dublin data centre campus cluster. The Kilmore Quay landing station site, already holding existing landing station civil infrastructure from the ESAT 1 cable era, provides a lower-cost re-commissioning option for Amazon and Vodafone relative to greenfield coastal civil works, with the existing beach manhole, armoured cable burial route, and repeater hut infrastructure requiring upgrade rather than new construction. The east coast dark fibre route from Wexford to Dublin, while currently lower in strategic priority than the Mayo-to-Dublin west coast route, will increase in importance as the number of cable systems landing on Ireland's east and south coasts grows with the Fastnet system's Cork landing and any future Wexford-based additions to the Irish cable landing infrastructure.

DUBLIN FINANCIAL SERVICES AND ENTERPRISE INTERCONNECT IFSC CONNECTIVITY AND PREMIUM COLOCATION DEMAND
IFSC Financial TenantsConnectivity RequirementPremium RateKey Providers
International banks, asset managers, insurance firmsFull path diversity, low latency to New YorkAbove-standard carrier pricing for SLA colocationEXA (Clonshaugh), Equinix (LD series Dublin IXP)

Dublin's International Financial Services Centre and the surrounding Docklands financial district host the European headquarters of major international banks, asset managers, insurance companies, and financial technology firms that require low-latency transatlantic connectivity with full cable route diversity and enterprise-grade service level agreements that standard carrier connectivity cannot provide. The financial services sector's demand for dedicated cable landing station colocation where a financial institution's network equipment terminates directly at the cable landing station rather than routing through an intermediate carrier's network drives the premium pricing tier in Dublin's cable landing station real estate market, with EXA's Clonshaugh station and Dublin Internet Exchange infrastructure serving as the primary interconnection points for financial services firms requiring direct access to transatlantic capacity without third-party carrier dependency. The IFSC's concentration of US-headquartered financial institutions whose parent company trading, treasury, and data operations require sub-millisecond latency to US Atlantic seaboard financial infrastructure makes the transatlantic cable capacity routing through Dublin's landing stations a direct operational requirement for the European operations of Goldman Sachs, Citigroup, JP Morgan, and the other IFSC anchor tenants.

MAJOR COMPANIES

EXA Infrastructure (Clonshaugh NOC)
United Kingdom
Amazon Web Services (15+ Dublin DCs)
United States
Microsoft Corporation (AEC-1, Amitie)
United States
Meta Platforms (Havfrue co-owner)
United States
Google LLC (Havfrue, Grace Hopper)
United States
Vodafone Group (Beaufort co-owner)
United Kingdom
Equinix Ireland (Dublin IXP)
United States
SIRO (ESB and Vodafone JV fibre)
Ireland
Open Eir (national dark fibre backhaul)
Ireland
IDA Ireland (strategic infrastructure sites)
Ireland
SubCom LLC (cable maintenance)
United States
EirGrid (national grid cable power)
Ireland

STRATEGIC DEVELOPMENTS

Jan 2026
EXA Infrastructure, United Kingdom, completed its acquisition of Aqua Comms, Ireland, for approximately USD 59 million per RCR Wireless reporting of January 2026, acquiring the CeltixConnect-1 and CeltixConnect-2 cable systems landing in the Dublin area and the associated dark fibre backhaul routes connecting Dublin-area landings to the Clonshaugh Network Operations Centre, consolidating EXA as the operator of both Dublin's primary carrier-neutral landing station and the west coast Mayo landing positions and creating an integrated cable operator controlling the dominant share of Ireland's transatlantic capacity routing infrastructure.
Jan 2025
Microsoft Corporation, United States, filed regulatory applications for three Ireland-UK subsea cables in January 2025, with each cable system requiring landing station colocation or dark fibre interconnection at Irish termini connecting to Dublin's data centre and financial services markets, building on Microsoft's existing co-ownership and capacity positions on AEC-1, Amitie, EXA Express, Marea, New Cross Pacific, and SeaMeWe-6, with the three new applications representing the largest single wave of Microsoft Ireland subsea cable investment since the company began using Ireland as a primary EU data centre hub per Data Center Dynamics reporting of January 2025.
Nov 2024
The Russian naval intelligence vessel Yantar was escorted from the Irish Sea in November 2024 by Irish Defence Forces after being caught patrolling above subsea cables including cables routed to Dublin-area landing stations and deploying three drones in the monitoring operation, an incident that intensified Irish Government and EU scrutiny of cable landing station physical security requirements and prompted accelerated investment in monitoring infrastructure including the USD 80 million sonar system for Ireland's western EEZ, with CSIS analysis of September 2025 noting that Russian state actors had reportedly mapped Dublin-area cable landing stations as recently as 2020 per verified security analysis.
H1 2025
Amazon Web Services, United States, progressed planning and regulatory preparations for the Beaufort cable connecting Ireland to the UK in collaboration with Vodafone, United Kingdom, with the cable planned to land at the former ESAT 1 landing station at Kilmore Quay, County Wexford, providing Ireland-to-UK connectivity diversity for Amazon's Dublin data centre cluster that does not depend on the existing EXA Express routing through Cork and the Clonshaugh hub, and with the cable's Wexford terminus requiring terrestrial dark fibre infrastructure from the Wexford coast to Amazon's Dublin campus cluster per Data Center Dynamics and SubTel Forum reporting.
Mar 2025
UK Parliamentary evidence submitted in March 2025 referenced EXA Infrastructure's Network Operations Centre and Cable Landing Station in Dublin as a site where direct experience of submarine cable operations was gathered, confirming in publicly available parliamentary record that EXA's Clonshaugh facility operates as an active cable landing station and NOC serving transatlantic cable systems, and that work experience at the facility produced directly relevant expertise in undersea cable vulnerability analysis for the UK Parliamentary inquiry into submarine cable security, illustrating both the operational significance and the security sensitivity of the Dublin cable landing station real estate per UK Parliament written evidence submission March 2025.

Ordered 2026 first. All developments sourced from verified company announcements, planning authority records, UK parliamentary evidence submissions, and verified trade press.

KEY QUESTIONS ANSWERED

01
What is the total size of the Dublin submarine cable landing station real estate market in 2025 and what revenue is projected by 2035 at the forecast CAGR of 12.8%?
02
How is EXA Infrastructure's Clonshaugh Business Park landing station co-located with five Amazon Web Services data centres, operating a 24/7 Network Operations Centre, and serving CeltixConnect-1, CeltixConnect-2, and EXA Atlantic priced as an institutional real estate asset, and what valuation methodology is appropriate for a facility whose operational centrality to Ireland's transatlantic data infrastructure far exceeds its physical footprint?
03
How does the 300-kilometre terrestrial dark fibre gap between Ireland's west coast Mayo landing stations where AEC-1 and AEC-2/Havfrue terminate and Amazon's Dublin data centre campus cluster at Cruiserath Road, Clonshaugh, and Blanchardstown translate into infrastructure investment demand for dedicated high-capacity fibre backhaul routes, and what commercial structures are Amazon and EXA using for that terrestrial connectivity?
04
What is the security infrastructure investment being made at EXA's Clonshaugh landing station and Dublin-area cable routing corridors in response to the documented Russian vessel surveillance of Irish subsea cable routes in November 2024, and how are Irish Government, NATO, and hyperscaler security requirements reshaping the physical infrastructure requirements of Dublin's cable landing station real estate?
05
How does Dublin's IFSC financial services tenant base whose transatlantic trading, treasury, and data operations require sub-millisecond latency to US Atlantic seaboard financial infrastructure generate premium cable landing station colocation demand at EXA's Clonshaugh facility, and what are the service level agreement and pricing structures that govern this financial services co-location segment?
06
What is the combined impact of EirGrid's electricity network capacity constraints on large energy users in the greater Dublin area and the LNG price volatility driven by Iran-US geopolitical tensions through the Strait of Hormuz on the operating economics and new data centre commissioning pace that ultimately determines the pace of growth in Dublin's cable landing station capacity demand?

TABLE OF CONTENTS

01
Dublin Submarine Cable Landing Station Real Estate Market Overview
02
Market Size, Growth, and Forecast 2025 to 2035
03
Market Drivers Hyperscaler Campus Density, Atlantic Gateway Terrestrial Hub, IFSC Demand
04
Market Restraints West-to-Dublin Fibre Gap, Grid Constraints, Geopolitical Security Risk
05
Segment Analysis By Ownership Model and End-User Sector
06
Submarket Analysis Clonshaugh Business Park (EXA NOC and AWS Co-Location)
07
Submarket Analysis Cruiserath Road and Blanchardstown (Amazon Campus Cluster)
08
Submarket Analysis East Coast Dark Fibre and Wexford Gateway (Beaufort Cable)
09
Submarket Analysis IFSC and Docklands Financial Services Interconnect
10
Terrestrial Fibre Infrastructure Mayo to Dublin and Wexford to Dublin Dark Fibre Routes
11
Security and Geopolitics Russian Yantar Incidents, NOC Security, NATO Frameworks
12
Power and Grid EirGrid Capacity Constraints, LNG Exposure, Landing Station Power Feeding
13
Competitive Landscape EXA/Aqua Comms, AWS, Microsoft, Meta, Vodafone, SIRO
14
Strategic Developments and Investment Activity