Digital Realty Trust Acquires London Site
July 28th, 2011 By: Rich Miller
Digital Realty Trust will soon be building more data center space in the greater London market. On Tuesday the company completed the acquisition of a redevelopment site in London, U.K. for 12.9 million pounds ($21 million US). The 130,000 square foot facility has 8 megawatts of power capacity and is capable of supporting the development of five 1.44 megawatt Turn-Key Datacenter PODs, the company said.
The company did not identify the exact location of the property. But the London market has historically been a tight market when it comes to quality data center space. The announcement was made in the company’s quarterly earnings release.
Buys Balance of Datacenter Park Dallas
Digital Realty(DLR) also said that it has bought out its minority partner in Datacenter Park Dallas, the seven-building, 800,000 square foot campus in Richardson, Texas. The company bought a 60 percent stake in the property in 2009, with Skyrise Property retaining the remaining interest. On June 24 Digital Realty paid $53.2 million to acquire that minority interest, and repaid the remaining secured debt on the property for approximately $16.2 million.
Digital Realty recently completed the development and lease up of the first building, 1232 Alma Road, a 105,000 square foot multi-tenant datacenter facility with 13 megawatts of IT capacity.
Digital Realty Trust’s portfolio comprises 97 properties consisting of 135 buildings and 17.2 million net rentable square feet, including 2.2 million square feet of space held for redevelopment. The portfolio is strategically located in 29 key technology markets throughout North America, Europe, Singapore and Australia.