Digital Realty Expands In Frankfurt
Digital Realty has announced it has entered into a definitive agreement to acquire a 34-acre land parcel in Hattersheim, approximately three miles from Frankfurt Airport, for the development of its next data center campus. The proposed project will be Digital Realty's third location in Frankfurt, building upon the rapid absorption of its existing campus in Sossenheim and supporting the company's investment in its coverage of Western Europe, including the recent appointment of Christian Zipp as vice president, sales with responsibility for Germany, Austria, Switzerland, and the Netherlands.
The acquisition is subject to certain closing conditions, including zoning and planning permissions. Immediately upon closing, Digital Realty expects to commence development of a connected campus, which will support the next phase of the company's growth in Frankfurt with the delivery of up to 84 megawatts of IT capacity.
"Frankfurt is a critical connectivity hub for our customers in Europe, and this strategic land acquisition demonstrates our long-term commitment to securing our supply chain and supporting our customers' growth across the region," said A. William Stein, chief executive officer, Digital Realty. "Looking ahead, we will continue to invest in opportunities to meet the growing demand for data center solutions across the region."
Jones Lang LaSalle is serving as Digital Realty's retained real estate advisor and White & Case is serving as Digital Realty's legal counsel on the acquisition.
Digital Realty operates a network of industry-leading data centers across Europe, located in Amsterdam, Dublin, Frankfurt, Geneva, London, Manchester, and Paris.