Press release from PR Newswire
IBM Signs Turn-Key Datacentre Lease With Digital Realty in Singapore
Wednesday, October 26, 2011
IBM Signs Turn-Key Datacentre Lease With Digital Realty in Singapore20:00 EDT Wednesday, October 26, 2011SINGAPORE, Oct. 26, 2011 /PRNewswire/ -- Digital Realty Trust, Inc. (NYSE: DLR), a global provider of data centre solutions, has expanded its international relationship with IBM with the signing of a new Turn-Key Datacentre® lease agreement in Digital Realty's 370,500-square foot property at 29A International Business Park in Jurong East. "We are delighted that IBM has once again chosen to work with Digital Realty for its mission-critical data centre facility in Singapore," said Kris Kumar, Regional Head, Asia Pacific, for Digital Realty. "Singapore plays an important role as one of the multinational commercial and financial hubs in the APAC. We are continuing to see strong demand here for our data centre solutions from new and existing global enterprises customers, such as IBM. Our flexible design, track record of reliability and local experts on site to accommodate each customer's requirements make Digital Realty the ideal, long term data center partner.""We have a strong working relationship with Digital Realty Trust, which is founded on the flexibility and reliability of its Turn-Key Datacentre® solution," said Lilian Hwang, Country Manager for Information Technology Services at IBM Singapore. "This valuable partnership has allowed IBM to better meet the needs of customers through accelerating the deployment of new data centres while reducing capital costs.""We have made a similar commitment to the Australian market with the acquisition of two development sites earlier this year, one in Sydney and one in Melbourne," Mr. Kumar added. "As the groundbreaking on our first project in Sydney approaches, we are nearly fully staffed there with local personnel who have deep roots in the Australian market and unmatched data centre expertise. We look forward to delivering the same high quality, flexible and reliable data centre solutions to Australian customers looking to expand and/or consolidate their IT systems with a long-term, financially sound partner."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. Based on a field tested 5th generation design, Digital Realty's Turn-Key Datacentres deliver 99.999% uptime reliability to ensure customers' critical business applications are available when needed. 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. They also come 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 data centre 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 as of 6 October 2011, including 2.2 million square feet 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.Safe Harbor StatementThis 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 our new lease with IBM, demand in the Asia Pacific region and our development plans in Australia. 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 our geographic markets; decreases in information technology spending, including as a result of economic slowdowns or recession; adverse economic or real estate developments in our industry or the industry sectors that we sell to (including risks relating to decreasing real estate valuations and impairment charges); our 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; our failure to obtain necessary debt and equity financing; increased interest rates and operating costs; risks associated with using debt to fund our business activities, including re-financing and interest rate risks, our failure to repay debt when due, adverse changes in our credit ratings or our breach of covenants or other terms contained in our loan facilities and agreements; financial market fluctuations; changes in foreign currency exchange rates; our inability to manage our growth effectively; difficulty acquiring or operating properties in foreign jurisdictions; our failure to successfully integrate and operate acquired or redeveloped properties; risks related to joint venture investments, including as a result of our 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; our inability to successfully develop and lease new properties and space held for redevelopment; difficulties in identifying properties to acquire and completing acquisitions; our inability to acquire off-market properties; our inability to comply with the rules and regulations applicable to reporting companies; our failure to maintain our status as a REIT; possible adverse changes to tax laws; restrictions on our ability to engage in certain business activities; environmental uncertainties and risks related to natural disasters; losses in excess of our 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 the Company with the U.S. Securities and Exchange Commission, including the Company'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. 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. 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.