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Wednesday 30 January, 2008

Digital Realty Trust, Inc.

Digital Realty Trust, Inc. Begins Construction ...





SAN FRANCISCO and LONDON, January 30 /PRNewswire/ --

    - Build-to-Suit Datacentre Facility Designed and Constructed by Digital 
Realty Trust to Serve as Cornerstone for HSBC's IT Infrastructure in Europe



    Digital Realty Trust, Inc. (NYSE: DLR), a leading owner and manager of 
corporate and Internet gateway datacentres, announced today that the Company 
has begun construction on a custom datacentre facility for HSBC (NYSE: HBC), 
the global banking and financial services institution. Located on a 
development site in suburban London that was acquired by Digital Realty Trust 
in April 2007, the new state-of-the-art datacentre facility is being built by 
Digital Realty Trust to support HSBC's global computing infrastructure. HSBC 
and Digital Realty Trust have signed a long-term lease agreement for the 
build-to-suit datacentre. The companies have collaborated closely in 
developing its specifications to support HSBC's security requirements, 
environmental goals, and a wide range of other technical and business needs. 
The project is expected to be completed in late 2008.



    "Having a partner for this datacentre project with the experience and
resources that Digital Realty Trust offers is a major asset for us. During
the design and planning phase for this datacentre facility; Digital's team
has been an extension of our own, and the result is a plan that we feel very
confident in," said Roy Adorni, Global Head of Data Center Services for HSBC.
"Digital Realty Trust's expertise will be just as important now that
construction is under way to ensure that the project goes according to plan,
meets all of our technical needs, and is completed on time and on budget. A
project of this magnitude requires a high level of specialized expertise,
which is why we put such an emphasis on selecting the right partner."



    "We are very pleased to be HSBC's partner in this major datacentre
facility project, which will serve as the cornerstone of its IT
infrastructure in the London market. This project with HSBC reflects our
unique approach to partnering with companies on build-to-suit datacentres,
offering them control and flexibility while making these large projects very
cost-effective," said Chris Crosby, Senior Vice President of Digital Realty
Trust. "Our proven ability to work with local utility companies and identify
sites that have or can be provisioned with sufficient power to support
today's datacentre power and cooling requirements gives our customers a
significant advantage when looking to expand, consolidate or upgrade their
datacentre facilities."



    Digital Realty Trust has built custom datacentres for numerous global
companies, including financial services companies that have very specific,
complex datacentre requirements for the high-volume, low-latency computing
systems. Digital Realty Trust manages all build-to-suit datacentre projects
using its proprietary Gating Process(TM) which ensures delivery of custom
datacentre projects through the timely, efficient coordination of all
processes involved in design and construction while optimizing costs. Unlike
traditional development methods for build-to-suit projects, Digital Realty
Trust's Gating Process(TM) provides customers with transparency and inputs at
key stages of the project -- from scope and schematic through commissioning
and completion -- ensuring that the finished datacentre facility supports the
unique needs of each organization.



About HSBC

    Headquartered in London, HSBC is one of the largest banking and financial
services organizations in the world. HSBC's international network comprises
around 10,000 offices in 82 countries and territories in Europe, the
Asia-Pacific region, the Americas, the Middle East and Africa. Through an
international network linked by advanced technology, including a rapidly
growing e-commerce capability, HSBC provides a comprehensive range of
financial services including personal financial services, commercial banking;
corporate investment banking, private banking and other activities. For more
information, visit http://www.hsbc.com.



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 Datacenter(TM) and Powered Base Building(TM) datacenter 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 datacenter
tenants. Comprising approximately 12.3 million rentable square feet as of
January 30, 2008, 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, which are based
on current expectations, forecasts and assumptions that involve risks and
uncertainties that could cause actual outcomes and results to differ
materially, including statements related to the expected completion date for
the project. These risks and uncertainties include adverse economic or real
estate developments in the Company's markets or the technology or banking
industry; general economic conditions; 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                 Pamela A. Matthews
    Chief Financial Officer and      IInvestor/Analyst Informatio
    Chief Investment Officer         Digital Realty Trust, Inc.
    Digital Realty Trust, Inc.       +1-415-738-6500
    +1-415-738-6500

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





Web site: http://www.digitalrealtytrust.com

                  

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