New Digital Realty Trust Build-to-Suit Facility to Serve as Terremark's Flagship Datacenter in Europe
SAN FRANCISCO and LONDON, June 21, 2010 /PRNewswire via COMTEX/ --Digital Realty Trust, Inc. (NYSE:DLR, news, filings), the world's largest wholesale datacenter provider, has signed a new 15-year lease agreement with an affiliate of Terremark Worldwide, Inc. (NASDAQ: TMRK) to house Terremark's Network Access Point (NAP) of Amsterdam in a new build-to-suit project to be developed by Digital Realty Trust. Digital Realty Trust also announced that it has entered into a definitive purchase and sale agreement to acquire the site where the new facility is to be constructed.
"We are pleased to expand our relationship with Terremark to support its global growth initiatives with this build-to-suit project in Amsterdam," commented Michael Foust, Chief Executive Officer of Digital Realty Trust. "Our ability to provide top tier datacenter facilities in major markets throughout both North America and Europe makes us the ideal partner for customers such as Terremark. Collaborating with Digital Realty Trust to provide the real estate solution allows Terremark to focus on expanding its managed IT infrastructure services business in Europe."
Through the NAP of Amsterdam, Terremark, a leading global provider of managed IT infrastructure services, will provide customers with connectivity from the Amsterdam Internet Exchange (AMS-IX), one of the world's largest internet exchanges. Terremark's NAP, which is scheduled to be completed in early 2011, will serve as its flagship European facility and allow Terremark to offer its full suite of industry-leading services, including cloud computing and managed hosting, from a new, state-of-the-art facility.
"Once completed, the NAP of Amsterdam will provide our company a highly sophisticated, top-tier datacenter facility from which to deliver our acclaimed and highly sought-after suite of services. Our ability to consistently provide European customers with reliable, world-class IT infrastructure solutions continues to be a key differentiator for Terremark and this expertise has proven to be a major factor in our continued success in the region," said Manuel D. Medina, Terremark's Chairman and CEO. "We're excited to continue growing our relationship with Digital Realty Trust as we expand our presence in this key market for our European operations."
For more information about Terremark's NAP of Amsterdam, visit www.terremark.com.
About Digital Realty Trust, Inc.
Digital Realty Trust, Inc. owns, acquires, redevelops, develops and manages technology-related real estate. The Company is focused on providing Turn-Key Datacenter(R) and Powered Base Building(R) datacenter solutions for domestic and international tenants across a variety of industry verticals ranging from information technology and Internet enterprises, to manufacturing and financial services. Digital Realty Trust's 86 properties, excluding one property held as an investment in an unconsolidated joint venture, contain applications and operations critical to the day-to-day operations of technology industry tenants and corporate enterprise datacenter tenants. Comprising approximately 15.2 million rentable square feet as of May 25, 2010, including 2.0 million square feet of space held for redevelopment, Digital Realty Trust's portfolio is located in 27 markets throughout North America and Europe. For additional information, please visit Digital Realty Trust's website at http://www.digitalrealtytrust.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 acquisition of the site for the new facility and the scheduled completion of the new facility. These risks and uncertainties include, among others, the following: the impact of the recent deterioration in global economic, credit and market conditions; 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; our failure to repay debt when due 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 ability to manage our growth effectively; difficulty acquiring or operating properties in foreign jurisdictions; our failure to successfully operate acquired or redeveloped properties; 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 public companies; our failure to maintain our status as a REIT; potential adverse changes to tax laws; restrictions on our ability to engage in certain business activities; environmental uncertainties and risks related to natural disasters; changes in foreign laws and regulations, including those related to taxation and real estate ownership and operation; and 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, 2009 and the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2010. 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.
Turn-Key Datacenter, Powered Base Building and POD Architecture are registered trademarks of Digital Realty Trust.
For Additional Information: --------------------------- A. William Stein Pamela A. Matthews Chief Financial Officer and Director of Investor Relations Chief Investment Officer Digital Realty Trust, Inc. Digital Realty Trust, Inc. +1 415-738-6500 +1 415-738-6500 SOURCE Digital Realty Trust, Inc.