MC Digital Realty Joint Venture Closes On Five-Acre Land Parcel In Tokyo
The company aims to grow the digital platform in a top-tier global data center market.
Digital Realty has announced that MC Digital Realty, a 50/50 joint venture between Mitsubishi Corporation and Digital Realty, has closed on the acquisition of 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 and data center development is expected to commence in 2020, subject to planning approvals. The initial facility (NRT10) is expected to deliver over 35 megawatts of total IT capacity to global and regional clients by 2021.
"We are very pleased to close on this exciting new growth opportunity in Tokyo. Through MC Digital Realty, we are powering 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. "This important milestone enables us to continue executing upon our mission of providing our customers the trusted foundation for the digital world."