(The Hosting News) – Digital Realty Trust, Inc. (NYSE:DLR), a global wholesale datacenter provider, today announced that it entered into a definitive purchase agreement to acquire a new 370,500 square foot data center facility located in Singapore’s International Business Park in the Jurong East area. The seven-story facility delivers up to 30 Mega Watts of 2N UPS capacity and a design that enables it to support both dedicated and shared customer environments. Located at 29A International Business Park on the western portion of the island, the building offers over 4.5 Mega Watts of IT load on each of its six (6) data center floors with the entire site supported by an N+2 continuous cooling architecture. Subject to various closing conditions, the acquisition is expected to close on or about November 22, 2010 and may be extended in limited circumstances. The purchase price will be approximately SGD170 million (subject to adjustment in limited circumstances).
“Singapore is one of Asia Pacific’s leading financial and business centers, where many of our customers are looking to deploy their critical business applications. With limited enterprise quality datacenter supply in the market, this newly constructed, flagship facility will enable our customers to deliver their critical IT applications in a flexible, reliable and cost effective datacenter facility,” said Michael Foust, Chief Executive Officer of Digital Realty Trust. “This new Digital Realty Trust wholesale datacenter will deliver substantial flexibility for customers, including corporate enterprise, colocation, and IT service providers, enabling them to maintain their applications using their own personnel and procedures. We expect the facility to be ready for customer occupancy beginning in the second quarter of 2011,” added Mr. Foust.
According to Tier1 Research Senior Datacenter Analyst, Jason Schafer, “Singapore is well positioned to serve as the data center hub of the Asia Pacific region. We expect demand to outstrip supply of usable datacenter capacity in the Singapore market by an average of 11% per year for the foreseeable future. There exists a strong opportunity for wholesale and colocation providers alike to establish a strong data center platform to meet growing customer demand in Singapore.”
“29A International Business Park datacenter provides customers with a flexible platform to support multiple types of IT deployments,” said Jim Smith, Digital Realty Trust’s Chief Technology Officer. “The entire facility has been built to ensure maximum reliability for customers with a 2N electrical distribution, an N+2 continuous cooling architecture, and 48 hours fuel and water storage for independent operation. The facility is designed to deliver an average of 4.5 Mega Watts of IT power to each of the six (6) floors dedicated for data center use, providing an uncommon degree of flexibility for customers. Each floor can serve as a single dedicated customer data center or support multiple customers in Digital Realty Trust’s move-in ready Turn-Key Datacenters®, featuring dedicated mechanical and electrical infrastructure, for immediate customer deployment.”
“Entering the Singapore market with this acquisition reflects the importance of the Asia Pacific region to our customer’s global datacenter needs,” said Kris Kumar, Digital Realty Trust’s Regional Head of Asia Pacific. “The site represents the first enterprise-quality, wholesale data center facility in Singapore, where our customers will experience the same high degree of service and support as they do in our North American and European facilities. Digital Realty Trust’s 29A International Business Park datacenter will enable corporate customers and retail providers of colocation and managed services to deliver their critical business as well as cloud-based applications in a flexible, reliable and cost effective datacenter facility.”
About Digital Realty Trust, Inc.
Digital Realty Trust, Inc. enables customers to deliver critical business applications by providing flexible, reliable and cost effective datacenter facilities. Digital Realty Trust’s customers include domestic and international companies across multiple industry verticals ranging from information technology and Internet enterprises, to manufacturing and financial services. Digital Realty Trust’s 95 properties, excluding two properties held as investments in unconsolidated joint ventures, comprise approximately 16.4 million square feet as of November 15, 2010, including 1.9 million square feet of space held for redevelopment. Digital Realty Trust’s portfolio is located in 27 markets throughout Europe and North America. For additional information, please visit Digital Realty Trust’s website at http://www.digitalrealtytrust.com