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Wednesday 12 November, 2008

Digital Realty Trust, Inc.

Digital Realty Trust Announces New Datacentre L...





DUBLIN, Ireland and LONDON, November 12 /PRNewswire/ --

    - New Energy Efficient Datacentre to Provide Mission Critical IT 
Infrastructure to eircom



    Digital Realty Trust, Inc. (NYSE: DLR), the leading owner and manager of
corporate and Internet gateway datacentres, announced today the signing of a
major lease with eircom, Ireland's largest telecommunications supplier, in
the third quarter of 2008 for a new ground up development project totaling
approximately 11,500 metres squared (124,500 square feet) in Clonshaugh in
Dublin, Ireland. This build-to-suit Datacentre is an example of Digital
Realty Trust's industry leadership in advancing energy efficiency and
reducing the environmental impact of datacentre facilities. Through its
utilisation of energy efficient design elements and operational processes,
this new facility in Clonshaugh establishes a new standard for best practices
for green datacentres in Europe.



    Commenting on the announcement, Cathal Magee, Managing Director, eircom
retail, said, "Business has changed: customers today are far more reliant on
their IT systems and their company network to perform vital functions. Plus,
the ICT skills shortage continues to be challenging. The new eircom managed
services datacentre tackles both these realities at once -- customers get the
ideal environment for their critical systems, as well as access to high-value
technical specialists who are skilled at managing the hardware and software
that businesses require.



    "To stay competitive in the knowledge economy, Ireland absolutely must
have facilities like these that redefine the state-of-the-art for hosting and
managed services and provide the capacity for expansion that businesses
demand. This new centre builds on eircom's long track record of providing
market-leading solutions in this key area, and is in line with our ongoing
commitment to invest in innovation for the benefit of our customers."



    "Given today's challenging economic climate, and the need to focus on
core business activity the Irish market is seeing an expanding demand for
datacentre space and associated support. Our energy efficient design makes
the eircom facility a preferred infrastructure solution for managed services
and hosting customers," said Bernard Geoghegan, Senior Vice President Europe
of Digital Realty Trust.



    Digital Realty Trust has built custom datacentres for numerous global
companies, including telecommunications and 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
optimising 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 organisation.



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 74 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 and corporate enterprise datacentre
tenants. Comprising approximately 12.9 million rentable square feet as of
November 5, 2008, including 1.6 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.



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 demand for datacentres in the
Irish market. These risks and uncertainties include adverse economic or real
estate developments in the Company's markets, including Ireland, or the
technology industry; general economic slow-downs or recessions; construction
and development delays, difficulties in or inability to lease space, failure
to commence rental payments on time under signed leases; tenant bankruptcies;
defaults under leases by tenants; increased interest rates; increased
operating costs; failure to obtain necessary outside financing; decreased
rental rates or increased vacancy rates; difficulties in identifying
properties to acquire and completing acquisitions at all or at acceptable
return levels; failure to successfully operate acquired properties and
operations; failure of acquired properties to perform as expected; reductions
in property values; 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, 2007 and the Company's quarterly reports
on Form 10-Q for the quarters ended March 31, 2008 and June 30, 2008. 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 Services
    Digital Realty Trust, Inc.
    +1-214-231-1350


                                        

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