MC Digital Realty To Acquire Additional Land In Tokyo To Develop 120-Megawatt Connected Campus
MC Digital Realty To Acquire Additional Land In Tokyo To Develop 120-Megawatt Connected Campus
PR80812
SAN FRANCISCO, Sept. 30, 2019 /PRNewswire=KYODO JBN/ --
Digital Realty (
) (NYSE: DLR), a leading global provider of data center, colocation and
interconnection solutions, announced today it has signed an agreement to
acquire an additional plot of land in Tokyo. MC Digital Realty expects to
close on the acquisition in the first quarter of 2020. The new site is
strategically located in Greater Tokyo's Inzai data center cluster, in close
proximity to the five-acre parcel MC Digital Realty acquired earlier this year,
likewise located in the Inzai data center cluster and expected to support the
development of a 38-megawatt facility (NRT10).
Under MC Digital Realty's Tokyo Connected Campus @ Inzai development roadmap,
the first building to be constructed on the new land parcel will be a
36-megawatt facility (NRT11), followed by a 30-megawatt facility (NRT12) and an
18-megawatt facility (NRT13), each subject to customer demand. The two parcels
will be combined to construct a connected campus, expected to deliver more than
120 megawatts of total IT capacity for global and regional customers. The
combination of the two parcels further solidifies MC Digital Realty's presence
in the Inzai data center cluster, one of the highest density areas in Japan,
with well-established utility and connectivity infrastructure and home to many
leading global cloud providers and financial institutions.
"Japan is a high-priority market for our customers, and we're excited to be
expanding our footprint in the country," said Digital Realty Chief Executive
Officer A. William Stein. "The acquisition of additional land in Tokyo will
not only enable us to meet the region's growth in cloud adoption and need for
low-latency infrastructure for new technologies such as AI and 5G but will also
bring the benefits of our connected campus model to accelerate the business
growth of our local customers."
"Tokyo is home to a number of leading local and international organizations and
remains one of the key data center markets within the Asia Pacific region and
around the world," added Mark Smith, Managing Director, Asia Pacific, Digital
Realty. "We look forward to strengthening our presence in Tokyo to further
serve Japan's growing digital economy."
About MC Digital Realty
MC Digital Realty is a 50/50 joint venture between Mitsubishi Corporation and
Digital Realty formed in 2017. MC Digital Realty provides clients in Japan a
secure, globally connected and efficient platform to host their digital assets,
combining Mitsubishi Corporation's local enterprise expertise with Digital
Realty's global data center leadership and operational excellence.
About Digital Realty
Digital Realty supports the data center, colocation and interconnection
strategies of more than 2,000 firms across its secure, network-rich portfolio
of data centers located throughout North America, Europe, Latin America, Asia
and Australia. Digital Realty's clients include domestic and international
companies of all sizes, ranging from cloud and information technology services,
communications and social networking to financial services, manufacturing,
energy, healthcare, and consumer products. www.digitalrealty.asia. Follow
Digital Realty on social media: LinkedIn (
), Twitter (
), Facebook (
), Instagram (
) and YouTube (
).
For Additional Information
Andrew P. Power
Chief Financial Officer
Digital Realty
+1 (415) 738-6500
Media and Industry Analyst Relations
Marc Musgrove
Digital Realty
+1 (415) 508-2812
mmusgrove@digitalrealty.com
Investor Relations
John J. Stewart
Digital Realty
+1 (415) 738-6500
investorrelations@digitalrealty.com
Safe Harbor Statement
This press release contains forward-looking statements which are based on
current expectations, forecasts and assumptions that involve risks and
uncertainties that could cause actual outcomes and results to differ
materially, including statements related to the expected timing and benefits
developing our data center campus in Tokyo (NRT11), our joint venture with
Mitsubishi Corporation, the expected data center demand in Japan and our plans
and expectations in the Asia Pacific region. These risks and uncertainties
include, among others, the following: reduced demand for data centers or
decreases in information technology spending; decreased rental rates, increased
operating costs or increased vacancy rates; increased competition or available
supply of data center space; the suitability of our data centers and data
center infrastructure, delays or disruptions in connectivity or availability of
power, or failures or breaches of our physical and information security
infrastructure or services; our dependence upon significant customers,
bankruptcy or insolvency of a major customer or a significant number of smaller
customers, or defaults on or non-renewal of leases by customers; breaches of
our obligations or restrictions under our contracts with our customers; our
inability to successfully develop and lease new properties and development
space, and delays or unexpected costs in development of properties; the impact
of current global and local economic, credit and market conditions; our
inability to retain data center space that we lease or sublease from third
parties; difficulties managing an international business and acquiring or
operating properties in foreign jurisdictions and unfamiliar metropolitan
areas; our failure to realize the intended benefits from, or disruptions to our
plans and operations or unknown or contingent liabilities related to, our
recent acquisitions; our failure to successfully integrate and operate acquired
or developed properties or businesses; difficulties in identifying properties
to acquire and completing acquisitions; risks related to joint venture
investments, including as a result of our lack of control of such investments;
risks associated with using debt to fund our business activities, including
re-financing and interest rate risks, our failure to repay debt when due,
adverse changes in our credit ratings or our breach of covenants or other terms
contained in our loan facilities and agreements; our failure to obtain
necessary debt and equity financing, and our dependence on external sources of
capital; financial market fluctuations and changes in foreign currency exchange
rates; adverse economic or real estate developments in our industry or the
industry sectors that we sell to, including risks relating to decreasing real
estate valuations and impairment charges and goodwill and other intangible
asset impairment charges; our inability to manage our growth effectively;
losses in excess of our insurance coverage; environmental liabilities and risks
related to natural disasters; our inability to comply with rules and
regulations applicable to our Company; our failure to maintain our status as a
REIT for federal income tax purposes; our operating partnership's failure to
qualify as a partnership for federal income tax purposes; restrictions on our
ability to engage in certain business activities; and changes in local, state,
federal and international laws and regulations, including related to taxation,
real estate and zoning laws, and increases in real property tax rates. For a
further list and description of such risks and uncertainties, see the reports
and other filings by the company with the U.S. Securities and Exchange
Commission, including the company's Annual Report on Form 10-K for the year
ended December 31, 2018 and Quarterly Report on Form 10-Q for the quarters
ended March 31, 2019 and June 30, 2019. The company disclaims any intention or
obligation to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.
SOURCE: Digital Realty
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