Digital Realty Completes Land Purchase To Reestablish Presence In Paris
Construction to commence immediately on 12 MW facility in top-tier global metro.
Digital Realty has announced it has closed on the acquisition of a 3.5-acre land parcel located in Ferriers-en-Brie, east of Paris. Environmental and operational building permits are currently in place, and Digital Realty will immediately commence construction on a new 12-megawatt data center.
"Our investment strategy has always been customer-driven, as demonstrated by the global footprint of our more than 200 data centers across 14 countries on five continents," said A. William Stein, chief executive officer, Digital Realty. "Given local supply constraints and rapidly growing enterprise colocation and hyperscale customer demand, Paris is an attractive connectivity hub poised for significant growth, and we are delighted to re-establish a strong foothold in this key global metro. We remain committed to further strengthening connections and connectivity for our customers and extending our global platform to deliver comprehensive solutions around the world."
The parcel was acquired for approximately $6.9 million, expediting Digital Realty's re-entry into Paris and marking the first step of continued investment in this growing, top-tier European data center metro.
"This is an important milestone in our continued global expansion as the pre-eminent data center solutions provider," added Andrew P. Power, chief financial officer, Digital Realty. "Paris is a leading technology and interconnection hub for the European region, and a key market for our global footprint. This transaction sets a solid foundation for the next phase of our growth in Europe, advancing our mission of providing customers with the trusted foundation for today's digital economy."
Digital Realty operates a network of industry-leading data centers across Europe, located in Amsterdam, Dublin, London, Geneva, Frankfurt, and Manchester.