Mitsubishi Corporation Announces New Joint Venture for Data Center Solutions
Digital Realty Trust, Inc. (DLR) and Mitsubishi Corporation (MC) are pleased to announce that they have reached an agreement that the parties will launch a joint venture to deliver data center solutions in Japan.
Under this agreement, a data center operating and holding company will be established on a 50/50 basis under the name MC Digital Realty with an initial capital of over 400 million JPY. Using Digital Realty's Saito facility in Osaka and Mitsubishi Corporation's Mitaka facility in Tokyo, jointly worth approximately 40 billion JPY, as seed assets, MC Digital Realty aims to manage over 200 billion JPY worth of assets by 2022 through the acquisition and development of new and existing property. The data center operating company is seeking to provide clients with robust facilities, high level physical security, steady electricity supply, air conditioning and other key requirements, utilizing the operational expertise that both DLR and MC have developed through years of experience. The new joint venture represents the fusion of Digital Realty's global client base, industry-leading design and construction capability, and high-capacity data center operational experience with Mitsubishi Corporation's significant expertise in the Japanese real estate and IT markets.