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Rackspace Hosting Australia Selects Digital Realty For Its First Data Center In Sydney, Australia
Aug 28, 2012 (04:08 PM EDT)
SAN FRANCISCO, Aug. 28, 2012 /PRNewswire/ -- Digital Realty Trust, Inc. (NYSE: DLR), a leading global provider of data center solutions, announced today that it has signed a new 480 kW Turn-Key FlexSM lease with Rackspace Hosting Australia Pty Limited, at its site in Sydney, Australia. The lease was signed in the second quarter of 2012. "We are very pleased to be partnering with Rackspace on the launch of its first data center in Australia," said Michael F. Foust, Chief Executive Officer for Digital Realty. "We have made a long term commitment to serve local and global customers looking for high quality, cost effective data center solutions in this important, dynamic market. Along with our lease with National Australia Bank at our site in Melbourne, we believe this agreement represents our position as a provider of choice for the Australian market."
Located in Erskine Park, Digital Realty's first 5.76 MW data center facility is scheduled to open in November 2012. The site is capable of supporting approximately 18,600 square meters of data center development with over 11.5MW of IT capacity. Digital Realty also purchased a development site at Deer Park in the Western Melbourne Region where the first of two planned facilities is scheduled for completion in early 2013.
"Our ability to deliver secure, reliable and cost effective data center solutions globally is a significant benefit to customers, such as Rackspace, which is an existing customer of ours in the U.S.," said Kris Kumar, Senior Vice President & Regional Head, Asia Pacific, for Digital Realty. "When combined with our operating expertise, unmatched financial resources, and global supply chain, this energy-efficient facility will bring a Tier 3 certified data center to customers seeking institutional-quality space in Australia."
Digital Realty's Turn-Key Flex data center solution is a modular approach to delivering secure, enterprise quality data center 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 dedicated electrical and mechanical infrastructure. Utilizing Digital Realty's proprietary POD Architecture® and extensive supply chain, Digital Realty's next generation Turn-Key Flex solution is designed for the future and ready today.
About Digital Realty
Digital Realty Trust, Inc. focuses on delivering customer driven data center solutions by providing secure, reliable and cost effective facilities that meet each customer's unique data center needs. Digital Realty's customers include domestic and international companies across multiple industry verticals ranging from information technology and Internet enterprises, to manufacturing and financial services. Digital Realty's 108 properties, excluding three properties held as investments in unconsolidated joint ventures, comprise approximately 20.8 million square feet as of July 25, 2012, including 2.2 million square feet of space held for redevelopment. Digital Realty's portfolio is located in 32 markets throughout Europe, North America, Asia and Australia. Additional information about Digital Realty is included in the Company Overview, which is available on the Investors page of Digital Realty's website at http://www.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 new lease with Rackspace Hosting, our position in the Australian market, and our development plans, expected IT capacity and square footage and timing for completion of development projects at our Australian sites. These risks and uncertainties include, among others, the following: the impact of the recent deterioration in global economic, credit and market conditions, including the downgrade of the U.S. government's credit rating; current local economic conditions in our geographic markets; decreases in information technology spending, including as a result of economic slowdowns or recession; 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); our dependence upon significant tenants; bankruptcy or insolvency of a major tenant or a significant number of smaller tenants; defaults on or non-renewal of leases by tenants; our failure to obtain necessary debt and equity financing; increased interest rates and operating costs; 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; financial market fluctuations; changes in foreign currency exchange rates; our inability to manage our growth effectively; difficulty acquiring or operating properties in foreign jurisdictions; our failure to successfully integrate and operate acquired or redeveloped properties or businesses; risks related to joint venture investments, including as a result of our lack of control of such investments; delays or unexpected costs in development or redevelopment of properties; decreased rental rates or increased vacancy rates; increased competition or available supply of data center space; our inability to successfully develop and lease new properties and space held for redevelopment; difficulties in identifying properties to acquire and completing acquisitions; our inability to acquire off-market properties; our inability to comply with the rules and regulations applicable to reporting companies; our failure to maintain our status as a REIT; possible adverse changes to tax laws; restrictions on our ability to engage in certain business activities; environmental uncertainties and risks related to natural disasters; losses in excess of our insurance coverage; changes in foreign laws and regulations, including those related to taxation and real estate ownership and operation; and changes in local, state and federal regulatory requirements, including changes in 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, 2011 and Quarterly Reports on Form 10-Q for the quarters ended March 31, 2012 and June 30, 2012. 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.
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SOURCE Digital Realty Trust, Inc.