Information  X 
Enter a valid email address
  Print          More announcements

Monday 07 January, 2008

Digital Realty Trust, Inc.

Digital Realty Trust, Inc. Acquires Datacentre ...





SAN FRANCISCO and LONDON, January 7 /PRNewswire/ --

    Digital Realty Trust, Inc. (NYSE: DLR), a leading owner and manager of
corporate datacentres and Internet gateways, announced today the acquisition
of Foxboro Business Park, a three building complex located in suburban
London. The first building, Unit 1, totals over 20,000 square feet and is
100% leased to a leading international geophysical company as its corporate
datacenter facility. Unit 2 is a 31,000 square foot warehouse that is 100%
leased to a global manufacturer and marketer of home appliances. Unit 3
totals over 96,000 square feet of vacant space, in which the Company plans on
building in phases approximately 58,000 square feet of Turn-Key
Datacentre(TM) space.



    "We are continuing to focus on adding both income producing assets as
well as buildings suitable for redevelopment to meet the ongoing demand for
Turn-Key Datacentres(TM) in the supply-constrained London market. This
property meets both criteria, bringing an ideal combination of stability and
longer term growth to our expanding European portfolio," commented Michael F.
Foust, Chief Executive Officer of Digital Realty Trust.



    "Concurrent with our phased redevelopment plans for Unit 3, we will be
upgrading power to the site, which will ultimately offer our customers
approximately 15MW of IT load," added Chris Crosby, Senior Vice President of
Digital Realty Trust. "This project gives us an opportunity to offer as many
as ten 5,800 square foot Turn-Key Datacentre(TM) PODs to corporate customers
that have requirements for high quality datacentre space in the London market
over the next few years. The space will be built out utilizing our POD
Architecture(TM), which employs system plus system architecture providing a
full 2N power train, as opposed to the shared electrical buss N+1
infrastructure typically utilized by other providers. Additionally, with our
expertise in developing to green standards, including BREEAM in Europe and
LEEDS in the US, we plan to deliver these PODS as sustainable datacentres."



    Digital Realty Trust's Turn-Key Datacentres(TM) are scalable from
hundreds of kilowatts of IT Load to megawatts of IT load and are located in
markets throughout North America and Europe. Each Turn-Key facility is
physically secure and features a state-of-the-art power and cooling
architecture that has been optimized for green operation. Every Turn-Key
Datacentre(TM) is built using the Company's proprietary POD Architecture(TM)
and uses metered power to ensure that clients pay only for the power that
they use. Each Turn-Key facility is also managed via Digital Realty Trust's
Critical Facilities Management(TM) program to ensure the maximum uptime of
mission critical applications.



About Digital Realty Trust, Inc.

    Digital Realty Trust, Inc. owns, acquires, redevelops, develops and
manages technology-related real estate. The Company is focused on providing
Turn-Key Datacentre(TM) and Powered Base Building(TM) datacentre solutions
for domestic and international tenants across a variety of industry verticals
ranging from information technology and internet enterprises, to
manufacturing and financial services. Digital Realty Trust's 70 properties,
excluding one property held as an investment in an unconsolidated joint
venture, contain applications and operations critical to the day-to-day
operations of technology industry tenants and corporate enterprise datacentre
tenants. Comprising approximately 12.3 million rentable square feet,
including 1.9 million square feet of space held for redevelopment, Digital
Realty Trust's portfolio is located in 26 markets throughout North America
and Europe. For additional information, please visit Digital Realty Trust's
website at http://www.digitalrealtytrust.com.



Safe Harbor Statement

    This press release contains forward-looking statements, including related
to its intention to redevelop the Foxboro Business Park Unit 3 facility and
upgrade power to the site, and the standards to be employed in connection
with that redevelopment, which are based on current expectations, forecasts
and assumptions that involve risks and uncertainties that could cause actual
outcomes and results to differ materially. These risks and uncertainties
include adverse economic or real estate developments in the Company's markets
or the technology industry; general economic conditions and economic
conditions in Europe specifically; defaults on or non-renewal of leases by
tenants; increased interest rates and operating costs; inability to manage
domestic and international growth effectively; failure to obtain necessary
outside financing; decreased rental rates or increased vacancy rates;
difficulties in identifying properties to acquire and completing acquisitions
at acceptable return levels; failure to successfully operate acquired
properties and operations; failure of acquired properties to perform as
expected; failure to successfully redevelop properties acquired for such
purposes or unexpected costs related thereto; failure to maintain the
Company's status as a REIT; environmental uncertainties and risks related to
natural disasters; financial market fluctuations; changes in foreign currency
exchange rates; risks of operating in foreign markets; and changes in real
estate and zoning laws and increases in real property tax rates. For a
further list and description of such risks and uncertainties, see the reports
and other filings by the Company with the United States Securities and
Exchange Commission, or SEC, including the Company's annual report on Form
10-K for the year ended December 31, 2006, as updated by subsequent reports
on Form 10-Q and Form 8-K filed with the SEC. The Company disclaims any
intention or obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.



For Additional Information:

    
    A. William Stein
    Chief Financial Officer and Chief Investment Officer
    Digital Realty Trust, Inc.
    +1-415-738-6500

    Pamela A. Matthews
    Investor/Analyst Information
    Digital Realty Trust, Inc.
    +1-415-738-6500

    Chris Crosby
    Sales & Technical Operations
    Digital Realty Trust, Inc.
    +1-214-231-1350


Web site: http://WWW.DIGITALREALTYTRUST.COM

     

a d v e r t i s e m e n t