Digital Realty has announced that MC Digital Realty, a 50/50 joint venture between Mitsubishi Corporation and Digital Realty, has reached an agreement to acquire a five-acre land parcel in Tokyo. The site is located at the center of the Inzai data center cluster, one of highest-density areas in Japan with well-established utility and connectivity infrastructure, and home to leading global cloud providers and financial institutions. Demolition of the existing structure on the site will begin immediately after closing and data center development is expected to commence in 2020, subject to planning approvals. The initial facility is expected to deliver up to 35.6 megawatts of total IT capacity.
"We are pleased to be procuring land through MC Digital Realty to power our customers' digital ambitions in Japan, with state-of-the-art future capacity in Tokyo, a longtime target market and one of the top financial and technology hubs in the Asia Pacific region," said A. William Stein, chief executive officer, Digital Realty. "Public cloud growth, surging demand for data center solutions and a mature technology infrastructure market make Japan a highly attractive market poised for rapid growth over the next several years. This milestone will enable us to continue executing upon our mission of providing our customers the trusted foundation for the digital world."
"Tokyo is one of the most important data center markets in the world. This transaction will provide us with a solid foundation for our next phase of growth in Japan, enabling us to continue to support years of customer expansion, while broadening our positive impact on the local economy," said Mark Smith, managing director, Asia Pacific, Digital Realty.
In the Asia Pacific region, Digital Realty operates a network of industry-leading data centers located in Singapore, Hong Kong, Osaka, Melbourne, and Sydney. The Tokyo land parcel acquisition builds upon Digital Realty's investment in and commitment to Japan. MC Digital Realty provides clients in Japan a secure, globally connected and efficiently run platform for hosting their digital assets, combining the technical and Japanese pedigree of Mitsubishi Corporation with Digital Realty's global data center leadership and expertise. The Tokyo land parcel acquisition is expected to close later this year and is subject to customary closing conditions.
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