Press release from PR Newswire
Digital Realty Signs SoftLayer to Data Centre Lease in Singapore
Monday, October 10, 2011
Digital Realty Signs SoftLayer to Data Centre Lease in Singapore17:00 EDT Monday, October 10, 2011SoftLayer Leases Turn-Key Datacentre® Space in Digital Realty's 29A International Business Park PropertySINGAPORE, Oct. 10, 2011 /PRNewswire/ -- Digital Realty Trust, Inc. (NYSE: DLR), a global provider of data centre solutions, signed a lease agreement with SoftLayer Technologies in the second quarter of 2011 to provide 48,000 square feet (4459 square meters) of Turn-Key Datacentre space in Singapore. SoftLayer Technologies will use the facility to expand and enhance its capabilities for delivering leading cloud, dedicated, and managed hosting solutions throughout the Asia Pacific region. "Proximity to our customers is crucial to driving innovation and improving a better end-user experience," said George Karidis, Chief Strategy Officer for SoftLayer Technologies. "We turned to Digital Realty to assist us in our international expansion efforts because their facilities gave us a way to rapidly deploy and get our data centre operations live quickly. They also understood the importance of having this data centre operate to the highest standards, ensuring our customers get the same experience from every SoftLayer data centre globally." "We've worked closely with SoftLayer to help them scale and meet their growing demands for data centre space throughout the world," said Kris Kumar, Regional Head for Asia Pacific, Digital Realty. "This project fulfills an important milestone in SotfLayer's quest to keep up with international customer demand. Our lease agreement represents a huge boost of confidence in our capabilities to deliver not only in Singapore but in the overall Asia Pacific region." Digital Realty's 29A International Business Park property is a new 370,500 square foot (34421 square meters) data centre facility located in Singapore's Jurong East area. The seven-story data centre development project delivers up to 30 MW of 2N UPS capacity and a design that enables it to support both dedicated and shared customer environments. The building offers over 4.5 MW of IT load on each of its six data centre floors with the entire site supported by an N+2 continuous cooling architecture. SoftLayer has its own floor at the 29A location that functions as two dedicated data centres. Other floors in the building can support multiple customers in Digital Realty's Turn-Key Datacentres for immediate customer deployment.Each Digital Realty Turn-Key Datacentre facility is physically secure and features a state-of-the-art power and cooling architecture that has been optimized for green operation. Every Turn-Key Datacentre is built using the Company's proprietary POD Architecture® and uses metered power to ensure that clients pay only for the power that they use. The facility also comes standard with Digital Realty's PowerVU software, which enables centralized monitoring and management of data centre power consumption, energy efficiency and load analysis.About Digital RealtyDigital Realty Trust, Inc. focuses on delivering customer driven data centre solutions by providing secure, reliable and cost effective facilities that meet each customer's unique needs. Digital Realty's customers include domestic and international companies across multiple industry verticals ranging from information technology and Internet enterprises, to manufacturing and financial services. Digital Realty's 98 properties, excluding two properties held as investments in unconsolidated joint ventures, comprise approximately 17.3 million square feet (1.6 million square meters) as of 6 October 2011, including 2.2 million square feet (204,000 square meters) of space held for redevelopment. Digital Realty's portfolio is located in 30 markets throughout Europe, North America, Singapore and Australia. Additional information about Digital Realty is included in the Company Overview, which is available on the Investors page of Digital Realty's website at http://www.digitalrealty.com.About SoftLayer TechnologiesHeadquartered in Dallas, SoftLayer is the innovation leader in cloud, dedicated, and managed hosting, and the largest private hosting company in the world. SoftLayer provides cloud, dedicated, and seamlessly integrated computing environments, with world-class data centers in Dallas, Houston, San Jose, Seattle, Washington D.C., and Singapore, and network Points of Presence worldwide. The company integrates and automates all elements of its platform, empowering enterprises of any size with complete control, security, scalability, and ease-of-management via a leading Customer Portal and Open API. For more information, please visit www.softlayer.com or call 866.398.7638.Safe Harbor StatementThis press release contains forward-looking statements which are based on Digital Realty Trust, Inc.'s current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially, including statements related to Digital Realty Trust, Inc.'s new lease with SoftLayer and Digital Realty Trust, Inc.'s momentum in the Asia Pacific region. These risks and uncertainties include, among others, the following: the impact of the recent deterioration in global economic, credit and market conditions including the downgrading of the U.S. government's credit rating; current local economic conditions in its geographic markets; decreases in information technology spending, including as a result of economic slowdowns or recession; adverse economic or real estate developments in its industry or the industry sectors that it sells to (including risks relating to decreasing real estate valuations and impairment charges); its 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; its failure to obtain necessary debt and equity financing; increased interest rates and operating costs; risks associated with using debt to fund its business activities, including re-financing and interest rate risks, its failure to repay debt when due, adverse changes in its credit ratings or its breach of covenants or other terms contained in its loan facilities and agreements; financial market fluctuations; changes in foreign currency exchange rates; its inability to manage its growth effectively; difficulty acquiring or operating properties in foreign jurisdictions; its failure to successfully integrate and operate acquired or redeveloped properties; risks related to joint venture investments, including as a result of its lack of control of such investments; delays or unexpected costs in development or redevelopment of properties; decreased rental rates or increased vacancy rates; increased competition or available supply of data center space; its inability to successfully develop and lease new properties and space held for redevelopment; difficulties in identifying properties to acquire and completing acquisitions; its inability to acquire off-market properties; its inability to comply with the rules and regulations applicable to reporting companies; its failure to maintain its status as a REIT; possible adverse changes to tax laws; restrictions on its ability to engage in certain business activities; environmental uncertainties and risks related to natural disasters; losses in excess of its 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 Digital Realty Trust, Inc. with the U.S. Securities and Exchange Commission, including Digital Realty Trust, Inc.'s Annual Report on Form 10-K for the year ended December 31, 2010 and Quarterly Reports on Form 10-Q for the quarters ended March 31, 2011 and June 30, 2011. Digital Realty Trust, Inc. 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:A. William SteinPamela M. GaribaldiKris KumarChief Financial Officer andVice President, Investor Relations Regional Head Asia Pacific &Chief Investment Officerand Corporate MarketingVP Corporate DevelopmentDigital Realty Trust, Inc.Digital Realty Trust, Inc.Digital Realty Trust, Inc.+1 (415) 738-6500+1 (415) 738-6500+65 65053900SOURCE Digital Realty Trust, Inc.