LONDON, July 24, 2013 /PRNewswire/ -- Digital Realty Trust, Inc. (DLR), a leading global provider of data centre solutions, announced today that it has partnered with KPN, the leading Dutch provider of telecommunications and information and communication technologies (ICT), to build a data centre in Groningen.
In the transaction, KPN has signed a long-term, triple net lease with Digital Realty for the existing data centre. The 7,000 square foot building and overall site have the potential capacity for 3.5 megawatts of critical load.
Michael F. Foust, Chief Executive Officer of Digital Realty, said: "We are delighted to support KPN in this mission critical project and we look forward to supporting their future data centre needs. The Netherlands is a strategically important market for our European customers as they seek to implement robust data centre solutions in order to facilitate business growth. Furthermore, the deal demonstrates our ability to collaborate to provide the robust backbone that organisations today rely on to deliver flawless IT services. We are delighted to welcome KPN to our portfolio."
"This transaction underscores our ability to complete a highly structured transaction that enables our customer to provide solutions in its controlled data centre real estate assets with a well-capitalised, long-term data centre owner," said Bernard Geoghegan, Managing Director, EMEA for Digital Realty. "This deal continues our strategy of expanding our European footprint by investing in high-quality data centre facilities that are home to top-tier global brands."
About Digital Realty
Digital Realty Trust, Inc. 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. 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 122 properties, excluding three properties held as investments in unconsolidated joint ventures, comprise approximately 22.7 million square feet as of April 26, 2013, including 2.6 million square feet of space held for development. Digital Realty's portfolio is located in 32 markets throughout North America, Europe, 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 Groningen acquisition, capacity for IT load and our strategy in Europe. 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 developed properties or businesses; the suitability of our properties and data centre infrastructure, delays or disruptions in connectivity, failure of our physical infrastructure or services or availability of power; risks related to joint venture investments, including as a result of our lack of control of such investments; delays or unexpected costs in development of properties; decreased rental rates or increased vacancy rates; increased competition or available supply of data centre space; our inability to successfully develop and lease new properties and space held for development; 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, 2012 and Quarterly Report on Form 10-Q for the quarter ended March 31, 2013. 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.
|For Additional Information:
|A. William Stein||Pamela M. Garibaldi||Bernard Geoghegan|
|Chief Financial Officer and||Vice President, Investor Relations||Managing Director, EMEA|
|Chief Investment Officer||Digital Realty Trust, Inc.||Digital Realty Trust, Inc.|
|Digital Realty Trust, Inc.||+1 (415) 738-6500||+44 (20) 7954 9128|
|+1 (415) 738-6500|
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