Equinix to Add Fourth Data Center in Zurich
June 23rd, 2009 By: Rich Miller
Equinix, Inc. (EQIX) will expand its colocation footprint in Zurich, Switzerland by building a new data center adding 12,920 square feet (1,200 square meters) of high-density data center space. The facility will be the fourth in Zurich for Equinix, which said the new build was in line with its “continuing program of measured global expansion to meet demand.” The ZH4 center is expected to open in the second quarter of 2010 and will add approximately 500 cabinet equivalents.
“With its position as a strategic hub for network service providers and the financial services and media sectors, Zurich is an ideal market for Equinix’s data center colocation and interconnection services,” said Eric Schwartz, president of Equinix in Europe. “By investing in the construction of this new center in a market that has seen few recent data center builds, and at a time when demand continues to outpace supply, Equinix is signaling its strong commitment to this market and to building upon its leadership in the region.”
Earlier this monrh Equinix anounced plans to issue $250 million in convertible debt to “fund the development of expansion opportunities.” Interest in the offering was strong enough that Equinix wound up selling $325 million in debt, while granting an over-allotment to underwriters for another $48 million.
Zurich is an important interconnection market, and reflects Equinix’s focus on building oits pewering and cross-conenct business in Europe. Equinix’s three other Zurich centers are also located in central Zurich, comprising 1,146 square meters (12,335 square feet) of data center space. All three existing centers are connected via redundant networks for resilient dual-site solutions.