New 10-Year Turn-Key Datacentre(R) Lease Delivers Secure and Reliable Disaster Recovery Site
DUBLIN, Jan. 18, 2011 /PRNewswire via COMTEX/ -- Digital Realty Trust, Inc. (NYSE:DLR, news, filings), a global wholesale data centre provider, has signed a 10-year Turn-Key Datacentre(R) lease agreement with Man Group plc ("Man"), an alternative investment management business. The lease, which represents over half a megawatt of IT load, provides Man Group with a secure, reliable and cost effective facility to support its critical business applications through a disaster recovery site.
"We were impressed by Digital Realty Trust's track record of providing its customers with secure and reliable data centre facilities," said Ken Clunie, Director, Building Projects at Man. "It was clear that they maintain consistently high operating standards and have an extensive history in large scale data centre development projects. Reliable facilities are critical to our business model."
Adam Levine, European Vice President, at Digital Realty Trust, said: "By selecting our Turn-Key Datacentre(R), Man will benefit from our advanced cooling, power, redundancy, and sustainability features that ensure uptime reliability as well as operating efficiencies. Digital Realty Trust's guaranteed delivery of the Turn-Key Datacentre facility on time and on budget takes a significant amount of financial risk and uncertainty out of the process for our customers. Mitigating this risk has become essential to organisations looking to expand their infrastructure in the current economy."
About Digital Realty Trust, Inc.
Digital Realty Trust, Inc. enables customers to deliver critical business applications by providing secure, reliable and cost effective datacentre facilities. Digital Realty Trust'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 Trust's 96 properties, excluding two properties held as investments in unconsolidated joint ventures, comprise approximately 16.8 million square feet as of December 9, 2010, including 2.3 million square feet of space held for redevelopment. Digital Realty Trust's portfolio is located in 28 markets throughout Europe, North America and Singapore. For additional information, please visit Digital Realty Trust's website at http://www.digitalrealtytrust.co.uk/.
Man is a world-leading alternative investment management business. It has expertise in a wide range of liquid investment styles including managed futures, equity, credit, emerging markets, global macro and multi-manager, combined with powerful product structuring, distribution and client service capabilities. Man manages around USD$67 billion (As at 31 October 2010).
The original business was founded in 1783. Today, Man Group plc is listed on the London Stock Exchange and is a member of the FTSE 100 Index with a market capitalisation of around 4.5 billion pounds Sterling (As at 30 September 2010).
Man Group is a member of the Dow Jones Sustainability World Index and the FTSE4Good Index. Man also supports many awards, charities and initiatives around the world, including sponsorship of the Man Booker literary prizes. Further information can be found at www.mangroupplc.com.
Safe Harbor Statement
This press release contains forward-looking statements which are based on Digital Realty Trust, Inc.'s 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 Man Group and expected benefits from the features of the 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 its geographic markets; decreases in information technology spending, including as a result of economic slowdowns or recession; adverse economic or real estate developments in its industry or the industry sectors that it sells to (including risks relating to decreasing real estate valuations and impairment charges); its 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; its failure to obtain necessary debt and equity financing; increased interest rates and operating costs; its failure to repay debt when due or its breach of covenants or other terms contained in its loan facilities and agreements; financial market fluctuations; changes in foreign currency exchange rates; its inability to manage its growth effectively; difficulty acquiring or operating properties in foreign jurisdictions; its failure to successfully operate acquired or redeveloped properties; risks related to joint venture investments, including as a result of its 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 centre space; its inability to successfully develop and lease new properties and space held for redevelopment; difficulties in identifying properties to acquire and completing acquisitions; its inability to acquire off-market properties; its inability to comply with the rules and regulations applicable to reporting companies; its failure to maintain its status as a REIT; possible adverse changes to tax laws; restrictions on its 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 Digital Realty Trust, Inc. with the U.S. Securities and Exchange Commission, including Digital Realty Trust, Inc.'s Annual Report on Form 10-K for the year ended December 31, 2009 and Quarterly Reports on Form 10-Q for the quarters ended March 31, 2010, June 30, 2010 and September 30, 2010. Digital Realty Trust, Inc. disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
|For Additional Information:|
|A. William Stein||Pamela A. Matthews||Frederick S. Potter|
|Chief Financial Officer and||Investor/Analyst Information||Head of International|
|Chief Investment Officer||Digital Realty Trust, Inc.||Operations|
|Digital Realty Trust, Inc.||+1 415-738-6500||Digital Realty Trust, Inc.|
|+1 415-738-6500||+44 207 954 9100|
SOURCE Digital Realty Trust, Inc.