Digital Realty Buys Paris Data Center
December 11th, 2006 By: Rich Miller
Digital Realty Trust, Inc. (DLR) has purchased a data center at 114 Rue Ambroise Croizat in Paris for 38 million euros ($51 million), the company said today. The property is currently 64 percent leased and includes a 151,000 square foot datacenter facility with 76,000 square feet of raised floor technical space, and more than 201,000 square feet of unfinished space that will be held for redevelopment.
“The acquisition of the Paris property accomplishes two important objectives for us,” said Michael Foust, CEO of Digital Realty Trust. “First, it establishes a significant footprint for DLR in this important global market with an income producing data center; and second, it represents an excellent opportunity for us to satisfy the demand for additional data center space in the Paris market with over 200,000 square feet available for redevelopment. The property is strategically located in a major European hub for technology real estate and benefits from a large concentration of power and fiber networks.”
Paris is a strategic European gateway for many multi-national corporations, which has bootsed demand for premium data center space, Foust said. Digital Realty Trust now owns 57 properties in 25 markets in North America and Europe, comprising approximately 11.4 million rentable square feet, including 1.5 million square feet of space held for redevelopment.