Beginning an expansion into Asia, data center developer Digital Realty Trust (DLR) said today that it will acquire a new 375,500 square foot data center facility located in Singapore's International Business Park. The seven-story facility in the Jurong East area delivers up to 30 megawatts of redundant UPS capacity, and a design that enables it to support both dedicated and shared customer environments.
The purchase price will be approximately SGD170 million (about $131 million US) and the deal is expected to close on Nov. 22.
Singapore Part of Larger Plans
After amassing more than 15 million square feet of data center space in the United States and Europe, Digital Realty is looking to the Asia-Pacific region for its next phase of growth. The company said earlier this month that it was scouting properties in Singapore, Australia and Hong Kong in advance of an expansion in the region. Digital Realty clearly sees Singapore as a key market in its plans for the Asia-Pacific region.
"Singapore is one of Asia Pacific's leading financial and business centers, where many of our customers are looking to deploy their critical business applications," said Michael Foust, Chief Executive Officer of Digital Realty Trust, who said there was "limited enterprise quality data center supply" in the Singapore market.
"Entering the Singapore market with this acquisition reflects the importance of the Asia Pacific region to our customer's global datacenter needs," said Kris Kumar, Digital Realty Trust's Regional Head of Asia Pacific. "The site represents the first enterprise-quality, wholesale data center facility in Singapore, where our customers will experience the same high degree of service and support as they do in our North American and European facilities."
Ready for Customers in 2Q 2011
Located at 29A International Business Park on the western portion of the island, the building offers over 4.5 megawatts of IT load on each of its six data center floors, and the entire site supported by an N+2 continuous cooling architecture. Digital Realty expects the facility to be ready for customer occupancy beginning in the second quarter of 2011.
"29A International Business Park datacenter provides customers with a flexible platform to support multiple types of IT deployments," said Jim Smith, Digital Realty Trust's Chief Technology Officer. "Each floor can serve as a single dedicated customer data center or support multiple customers in Digital Realty Trust's move-in ready Turn-Key Datacenters."