CyrusOne acquires new site in North Virginia
30 July 2018 | Natalie Bannerman
CyrusOne has purchased a new site to expand its data centre portfolio in the North Virginia, making it the company's fourth campus in the region.
The new property includes an existing powered shell building allowing the company to complete the first phase of the build by early 2019.
"Hyperscalers demand warp speed, and we’re proud to be accelerating from zero to 160 in Northern Virginia, driven by demand from cloud and enterprise customers," said Tesh Durvasula (pictured), chief commercial officer at CyrusOne.
According to Data Center Frontier, CyrusOne has been actively scouting land to acquiring in a practice called land banking, which a growing number of data centre companies have been doing to ensure that they can secure capacity for customers wanting space in such a strategic market.
"Our land acquisition, development, construction, and capital markets teams continue to execute at a level unmatched in the industry to produce the inventory necessary to meet the ongoing need for new capacity in Northern Virginia and other key markets." added Durvasula.
The new expansion campus will be located near one of the company’s existing campuses and will add 33 megawatts of capacity for CyrusOne, bringing the company’s total power capacity in Northern Virginia to more than 160MW.
Demand for data centres in North Virginia is being driven by hyperscale providers: Facebook, Amazon, Google, Microsoft and Apple, who have been joined by major Chinese cloud companies who are actively looking for space in Data Center Alley. Second-tier hyperscale players like Salesforce, Uber, Dropbox and Lyft all began seeking larger portions of space throughout 2018.
CyrusOne has been active in the North Virginia market since 2015 with the launch of its Sterling I facility. In 2016 the company opened its doors to its Sterling II facility just up the road from Sterling V in only six months. Sterling V launched in mid-2017 making it’s the company’s largest project to date.
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