Digital Realty Trust, Inc. (NYSE: DLR), a global wholesale datacenter provider, today announced that it entered into a definitive purchase agreement to acquire a new 375,500 square foot data center facility located in Singapore's International Business Park in the Jurong East area. The seven-story facility delivers up to 30 Mega Watts of 2N UPS capacity and a design that enables it to support both dedicated and shared customer environments.
The building, at 29A International Business Park on the western portion of the island, is described as offering 4.5 Mega Watts of IT load on each of its six data center floors with the entire site supported by an N+2 continuous cooling architecture.
The purchase price will be approximately SGD170 million and is expected to close within the next week.
"Singapore is one of Asia Pacific's leading financial and business centers, where many of our customers are looking to deploy their critical business applications. With limited enterprise quality data center supply in the market, this newly constructed, flagship facility will enable our customers to deliver their critical IT applications in a flexible, reliable and cost effective datacenter facility,"said Michael Foust, Chief Executive Officer of Digital Realty Trust. "We expect the facility to be ready for customer occupancy beginning in the second quarter of 2011."
Tier1 Research Senior Datacenter Analyst, Jason Schafer, said: "Singapore is well positioned to serve as the data center hub of the Asia Pacific region. We expect demand to outstrip supply of usable data center capacity in the Singapore market by an average of 11% per year for the foreseeable future."
"29A International Business Park datacenter provides customers with a flexible platform to support multiple types of IT deployments,"said Jim Smith, Digital Realty Trust's Chief Technology Officer. "The entire facility has been built to ensure maximum reliability for customers with a 2N electrical distribution, an N+2 continuous cooling architecture, and 48 hours fuel and water storage for independent operation. The facility is designed to deliver an average of 4.5 Mega Watts of IT power to each of the six (6) floors dedicated for data center use, providing an uncommon degree of flexibility for customers."