Digital Realty seals $6.9m deal to re-establish Paris presence

10 July 2019 | Jason McGee-Abe

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Digital Realty has completed the acquisition of a 3.5-acre site in Paris and will immediately start to build a new 12MW data centre.

The global provider of data centre, colocation and interconnection solutions acquired the land parcel in Ferriers-en-Brie, east of Paris, for approximately $6.9 million. It expedites Digital Realty’s re-entry into Paris, marking the first step of continued investment in this growing, top-tier European data centre metro.

Environmental and operational building permits are currently in place, and Digital Realty will immediately commence construction of the facility in the top tier metro.

“Our investment strategy has always been customer-driven, as demonstrated by the global footprint of our more than 200 data centres across 14 countries on five continents,” says William Stein, CEO of Digital Realty Chief Executive Officer.

“Given local supply constraints and rapidly growing enterprise colocation and hyperscale customer demand, Paris is an attractive connectivity hub poised for significant growth, and we are delighted to re-establish a strong foothold in this key global metro. We remain committed to further strengthening connections and connectivity for our customers and extending our global platform to deliver comprehensive solutions around the world.”

Digital Realty operates a network of data centres across Europe, located in Amsterdam, Dublin, London, Geneva, Frankfurt and Manchester. Andy Power, CFO of Digital Realty says the Parisian acquisition “is an important milestone in our continued global expansion as the pre-eminent data centre solutions provider”.

Power added: “Paris is a leading technology and interconnection hub for the European region, and a key market for our global footprint. This transaction sets a solid foundation for the next phase of our growth in Europe, advancing our mission of providing customers with the trusted foundation for today’s digital economy.”

The news comes after Christian Zipp was recently named vice president of sales for Germany, Austria, Switzerland and the Netherlands at Digital Realty.