Bespoke Data Centre Customer Agreement Adds to Financial Services Client Base
LONDON, June 8, 2011 /PRNewswire via COMTEX/ -- Digital Realty Trust, Inc. (NYSE:DLR, news, filings), a global provider of wholesale data centres, has signed a bespoke data centre agreement with Visa Europe. The new site will provide 10,000 square feet of raised floor space close to London. This is the second major financial services organisation to sign a lease with Digital Realty Trust in recent months, indicating that the need for data centres, and investment in these critical facilities, continues to grow within the European marketplace.
Through its Build-to-Suit programme, Digital Realty Trust will leverage its data centre design and construction expertise to oversee the construction of the new data centre. The project will be completed under Digital Realty Trust's exclusive guaranteed timeframe and budget programme.
"Visa is committed to consistently providing its European customers with robust, reliable and secure payment services, and to achieve this we rely on state of the art data centre facilities which provide the foundation for our business," said Steve Chambers, CIO, Visa Europe. "By working with Digital Realty Trust, we have been able to achieve our needs within a defined timeframe and budget. This level of commitment is critical to minimise our risks and optimise our operations."
"With two financial services organisations having signed agreements with Digital Realty Trust in recent months, we continue to see escalating demand for data centre space across the EU," said Frederick Potter, Head of International Operations of Digital Realty Trust. "By choosing our Build-to-Suit data centre programme, Visa Europe has been able to specify its exact requirements for the proposed facility, with the full support of our industry experts. Through our integrated service, our customers gain access to the most up-to-date datacentre technology in a prime location with none of the risk associated with a do-it-yourself project."
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 16.9 million square feet as of April 29, 2011, including 2.2 million square feet of space held for redevelopment. Digital Realty Trust's portfolio is located in 28 markets throughout Europe, North America and Singapore. Additional information about Digital Realty Trust is included in the Company Overview, which is available on the Investors page of Digital Realty Trust's website at http://www.digitalrealtytrust.co.uk/.
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 Digital Realty Trust, Inc.'s bespoke data centre agreement with Visa Europe and demand for datacentre space in Europe. 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; risks associated with using debt to fund its business activities, including re-financing and interest rate risks, its failure to repay debt when due, adverse changes in its credit ratings 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 integrate and 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 center 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; losses in excess of its 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 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, 2010 and Quarterly Report on Form 10-Q for the quarter ended March 31, 2011. 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 Matthews Garibaldi||Frederick S. Potter|
|Chief Financial Officer and||Vice President, Investor Relations||Head of International Operations|
|Chief Investment Officer||and Corporate Marketing||Digital Realty Trust, Inc.|
|Digital Realty Trust, Inc.||Digital Realty Trust, Inc.||+44 207 954 9100|
|+1 (415) 738-6500||+1 (415) 738-6532|
SOURCE Digital Realty Trust, Inc.