Digital Realty Trust, Inc. (NYSE: DLR), the world's largest wholesale datacenter provider, has signed a new 15-year lease agreement with an affiliate of Terremark Worldwide, Inc. (Nasdaq: TMRK) to house Terremark's Network Access Point (NAP) of Amsterdam in a new build-to-suit project to be developed by Digital Realty Trust. Digital Realty Trust also announced that it has entered into a definitive purchase and sale agreement to acquire the site where the new facility is to be constructed.
"We are pleased to expand our relationship with Terremark to support its global growth initiatives with this build-to-suit project in Amsterdam," commented Michael Foust, Chief Executive Officer of Digital Realty Trust. "Our ability to provide top tier datacenter facilities in major markets throughout both North America and Europe makes us the ideal partner for customers such as Terremark. Collaborating with Digital Realty Trust to provide the real estate solution allows Terremark to focus on expanding its managed IT infrastructure services business in Europe."
Through the NAP of Amsterdam, Terremark, a leading global provider of managed IT infrastructure services, will provide customers with connectivity from the Amsterdam Internet Exchange (AMS-IX), one of the world's largest internet exchanges. Terremark's NAP, which is scheduled to be completed in early 2011, will serve as its flagship European facility and allow Terremark to offer its full suite of industry-leading services, including cloud computing and managed hosting, from a new, state-of-the-art facility.
"Once completed, the NAP of Amsterdam will provide our company a highly sophisticated, top-tier datacenter facility from which to deliver our acclaimed and highly sought-after suite of services. Our ability to consistently provide European customers with reliable, world-class IT infrastructure solutions continues to be a key differentiator for Terremark and this expertise has proven to be a major factor in our continued success in the region," said Manuel D. Medina, Terremark's Chairman and CEO. "We're excited to continue growing our relationship with Digital Realty Trust as we expand our presence in this key market for our European operations."