AMSTERDAM, July 13, 2020 /PRNewswire/ -- Interxion,
a leading European provider of carrier- and cloud-neutral
colocation data centre solutions and a Digital Realty (NYSE: DLR)
company, has acquired the freehold to the land under its Hanauer
Landstraße campus in Frankfurt. The site includes nine
Interxion data centres previously subject to leasehold agreements
with approximately nine years of remaining lease term, along with
Interxion's German headquarters office as well as several buildings
currently leased to other customers. Interxion now owns the
freehold to all 15 data centres on its Frankfurt campus.
Separately, Interxion has reached an agreement to acquire an
expansion parcel, formerly known as the Neckermann property, within
approximately one kilometre of the Hanauer
Landstraße campus. The expansion parcel totals 107,000
square metres that will support the development of up to 180
megawatts of additional IT capacity and will be fully connected to
the existing campus. The Neckermann property acquisition is
expected to close in two stages, with final transfer of ownership
in early 2021.
"These investments represent an important milestone on our
global platform roadmap, enabling customers' digital transformation
strategies while demonstrating our commitment to supporting their
future growth on PlatformDIGITAL™," said Digital
Realty Chief Executive Officer A. William
Stein. "We believe we are creating significant value
by combining the leasehold and freehold positions on one of the
most highly connected campuses in Europe, while the assemblage of adjacent
expansion capacity provides long-term certainty for the coverage,
capacity and connectivity requirements to support our customers'
digital ambitions."
The Hanauer Landstraße campus currently contains
approximately 43,000 square metres on 6.5 hectares of land, 40% of
which is leased to 21 customers with a weighted-average remaining
lease term of approximately four years. At expiration,
Interxion expects to redevelop the portion currently leased to
third parties to build out additional data center
capacity.
Interxion occupies more than half the campus across its nine
data centres. Interxion employs state-of-the-art cooling
techniques to support higher power density customer requirements
while maintaining exceptional energy efficiency, and 100% renewable
energy is available to customers throughout the campus.
"Interxion Frankfurt is one of the leading cloud and
connectivity hubs in the world, with direct access to numerous
leading global cloud platforms and more than 700 carriers and
internet service providers," said David
Ruberg, Chief Executive Officer of Interxion: A Digital
Realty Company. "Acquiring the freehold to our existing
campus as well as a sizable site for further expansion will enable
customers to rapidly scale their digital transformation strategies
by deploying critical infrastructure with a leading global data
centre provider and joining a thriving community of
interest."
The seller of the Hanauer Landstraße freehold was the open-ended
real estate special alternative investment fund, BEOS Corporate
Real Estate Fund Germany II, whose assets are managed by BEOS AG.
BNP Paribas Real Estate served as financial advisor on the
Hanauer Landstraße transaction, while White & Case served as
legal advisor.
About Interxion
Interxion: A Digital Realty Company is
a leading provider of carrier- and cloud-neutral data centre
solutions across EMEA, the Americas and APAC. With over 700
connectivity providers, Interxion has created connectivity and
cloud content hubs that foster growing customer communities of
interest reaching markets across six continents, 21 countries and
44 metros within 275 data centres. For more information,
please visit www.interxion.com.
About Digital Realty
Digital Realty (NYSE:
DLR) supports the data centre, colocation, and interconnection
strategies of customers across the Americas, EMEA and APAC, ranging
from cloud and information technology services, communications and
social networking to financial services, manufacturing, energy,
healthcare and consumer products. To learn more about Digital
Realty, please visit digitalrealty.com or follow us on LinkedIn and
Twitter.
Media and Industry Analyst Inquiries
Marc Musgrove
Digital Realty
(415) 508-2812
mmusgrove@digitalrealty.com
William Reynolds
Teneo
+44 07876 214356
digitalrealty@teneobluerubicon.com
Investor Relations
John J.
Stewart / Jim Huseby
Digital Realty
(415) 738-6500
investorrelations@digitalrealty.com
Forward-looking Statements
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: Interxion's freehold acquisition
in Frankfurt, including remaining
lease terms and redevelopment plans; Interxion's agreement to
purchase additional land in Frankfurt, including timing to complete the
acquisition, expected IT load and square metres;
PlatformDIGITAL™; and cloud and connectivity in
Frankfurt. For a list and description of such risks and
uncertainties, see the company's reports and other filings with the
U.S. Securities and Exchange Commission. 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.
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SOURCE Digital Realty