September 07, 2017
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Hon. Tanya Davies MP Attends New Sydney Data Centre Ground-Breaking
SINGAPORE, Sept. 7, 2017 /PRNewswire/ -- Digital Realty (NYSE:DLR, news, filings), a leading global provider of data centre, colocation and interconnection solutions, announced today it began construction on a new data centre development in Western Sydney. Australia is a key market for Digital Realty's business across APAC and worldwide. The new development is expected to create over 500 jobs throughout the construction phase and upon completion. In connection with the launch, the company hosted a ground-breaking ceremony in Erskine Park, which was attended by Hon. Tanya Davies MP, Minister for Mental Health, Women and Ageing, along with a number of Digital Realty executives including CFO of APAC, Mr. Krupal Raval.
Once fully operational, SYD11 will be a 14 megawatt facility, across a total of 16,360 square metres. The new facility will be connected to the company's existing SYD10 Erskine Park facility, providing a Connected Campus environment for numerous Australian and international customers. The Digital Realty Connected Campus is an industry-leading solution that brings critical data centre and network elements together under a single, secure environment.
The construction of SYD11 is expected to take up to 12 months, during which Digital Realty will employ up to 500 local contractors, providing a boost to the Western Sydney economy. In addition, once fully operational, the data centre will provide up to 30 permanent roles, including facilities managers, engineers, security personnel and additional contractors.
"With two data centres in Sydney and two in Melbourne, we are pleased to be further expanding our footprint in Australia to better serve our growing customer base," said Krupal Raval, CFO APAC, Digital Realty. "In addition to demonstrating our commitment to our local customers, we hope this facility will become a hub for the modern economy, providing a significant boost in employment and additional investment in the area."
"This is an opportune moment for Western Sydney to become a magnet for business as investment here increases. We welcome Digital Realty's significant contribution to the local economy, which is expected to deliver significant job creation in an already thriving region," said Hon. Tanya Davies.
Digital Realty CEO A. William Stein added, "This expansion furthers our leadership within Australia while demonstrating our commitment to our enterprise customers across APAC. Data centre facilities are core to any company's digital strategy, and SYD11 will bring to market the latest advancements in data centre design, enabling our customers' IT strategies while providing new and improved ways of connecting, working and extending their business reach."
Digital Realty offers a full range of global data centre, colocation and interconnection solutions, and currently owns and operates 145 properties across 33 global metropolitan areas. In the APAC region, Digital Realty operates a network of data centres located in Singapore, Hong Kong, Osaka, Melbourne and Sydney.
About Digital Realty
Digital Realty supports the data centre, colocation and interconnection strategies of more than 2,300 firms across its secure, network-rich portfolio of data centres located throughout North America, Europe, Asia and Australia. Digital Realty's clients include domestic and international companies of all sizes, ranging from financial services, cloud and information technology services, to manufacturing, energy, gaming, life sciences and consumer products. For more information visit www.digitalrealty.asia, follow us on Twitter at @DigitalAPAC and see our blog at https://apac.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 SYD11 data centre site ground-breaking and the expected benefits and timeline for SYD11 development. These risks and uncertainties include, among others, the following: the impact of current global economic, credit and market conditions; current local economic conditions in the metropolitan areas in which we operate; 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; 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 center infrastructure, delays or disruptions in connectivity, failure of our physical and information security 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, increased operating costs or increased vacancy rates; increased competition or available supply of data center space; our inability to successfully develop and lease new properties and development space; difficulties in identifying properties to acquire and completing acquisitions; our inability to acquire off-market properties; the impact of the United Kingdom's referendum on withdrawal from the European Union on global financial markets and our business; 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, 2016 and Quarterly Reports on Form 10-Q for the quarters ended March 31, 2017 and June 30, 2017. 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:
Omer M. Wilson
Senior Director of Marketing
+65 6505 3951
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