Digital Realty Trust, a San Francisco-based data center REIT, has officially launched its first data center in Japan.
Digital Osaka 1’s footprint measures more than 90,000 square feet; the facility provides 7.6 MW of power. It was fully leased at launch, and the company has already acquired an adjacent lot to continue building out what it expects will become a 27 MW data center campus.
Osaka is a densely populated major financial hub in Asia. There are companies working in a wide variety of industries in the region, as well as universities and other research and development organizations, Digital Realty said in a statement.
The company announced it had bought a piece of land in Osaka for data center construction back in 2013. Last year, it announced that a major hyper-scale cloud provider had pre-leased the entire first phase of its first data center in Japan, becoming an anchor tenant for the campus.
Citing a market research report, it also said Japan is now “one of the most sought-after markets for cloud data center locations” due to “strict data sovereignty laws and high customer demand.”
On its first-quarter 2017 earnings call, Digital Realty execs said another company had leased the second phase, instantly bringing the REIT’s inventory in its new market to zero. The company hasn’t named either tenant.
Andy Power, Digital Realty CFO, mentioned the purchase of additional land on the same call. “We won't be bringing on incremental capacity in 2017 or early 2018 [in Osaka], but shortly thereafter, with that recent (land) acquisition,” he said.
