Digital Realty Trust, Inc. (NYSE: DLR), a leading global provider of data centre solutions, announced that it has completed the acquisition of 23-25 Waterloo Road, Macquarie Park, a 7,500 square-meter data centre in Sydney, Australia. The property is currently fully leased to a leading global provider of IT products and services on a long-term basis. The purchase price was AU$11.75 million.
“Macquarie Park is an established hub for high tech companies operating in Sydney. The addition of this institutional quality data centre facility to our portfolio expands our footprint in the Sydney market, and adds a new global, blue-chip tenant to our customer base,” said Kris Kumar, Senior Vice President and Regional Head Asia Pacific for Digital Realty. “Along with our recently completed Turn-Key FlexSM data centre at Erskine Park, this acquisition is one more step in our Australian expansion plans, demonstrating our commitment to this important Asia Pacific market.”
“The acquisition of this property is consistent with our Asia Pacific expansion as well as our strategy of investing in high quality operating facilities in key data centre markets,” said Michael F. Foust, Chief Executive Officer of Digital Realty. “In addition, we are very pleased to welcome one of the region’s leading global IT service providers to our customer base.”
Digital Realty’s Turn-Key FlexSM solution is a modular approach to delivering secure, enterprise quality data centre space to meet customers’ just-in-time requirements. Designed to provide maximum flexibility, reliability and efficiency, each Turn-Key Flex facility comes fully commissioned with its own dedicated electrical and mechanical infrastructure. Utilizing Digital Realty’s proprietary POD Architecture® and extensive supply chain, Digital Realty’s next generation Turn-Key Flex data centre solution is designed for the future and ready today.
About Digital Realty – DLR
Digital Realty Trust, Inc. (DLR) focuses on delivering customer driven data centre solutions by providing secure, reliable and cost effective facilities that meet each customer’s unique data centre needs. DLR’s customers include domestic and international companies across multiple industry verticals ranging from information technology and Internet enterprises, to manufacturing and financial services. DLR’s 110 properties, excluding three properties held as investments in unconsolidated joint ventures, comprise approximately 21.2 million square feet as of October 26, 2012, including 2.2 million square feet of space held for redevelopment. DLR’s portfolio is located in 32 markets throughout Europe, North America, Asia and Australia.
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Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.