Press release from PR Newswire
Digital Realty And Databank Enter Agreement For North Dallas Facility
Wednesday, June 13, 2012
Digital Realty And Databank Enter Agreement For North Dallas Facility07:00 EDT Wednesday, June 13, 2012SAN FRANCISCO, June 13, 2012 /PRNewswire/ -- Digital Realty Trust, Inc. (NYSE: DLR), a leading global provider of data center solutions, announced today that it has signed a new lease in the first quarter with DataBank Holdings, Ltd., a leading provider of secure and reliable data center services for enterprise and cloud providers, for a stand-alone facility. "We could not be more pleased with the new facility's location," said Tim Moore, CEO of DataBank. "To construct a facility that meets DataBank's standards we needed a unique site combining ultra-high power availability and a dense concentration of fiber providers. Our partners at Digital Realty were able to provide us with a unique and premium property in a stellar data center park setting." Moore continued, "DataBank's product is anchored on a 100% uptime availability SLA for enterprise, hosting and cloud providers that make up the bulk of our client base. Also, this location allows us to duplicate our product in North Dallas.""DataBank approached Digital Realty looking for a solution that would give it complete control over its business and technical operations," said David Caron, Senior Vice President, Portfolio Management at Digital Realty. "Our Powered Base Building data center solution supported DataBank's vision to expand its business, delivered how, when and where it was needed."The stand-alone secured facility will be located in Digital Realty's Datacenter Park Dallas and will be divided into four phases, with the first data center coming online in the fourth quarter of 2012. The facility will have dedicated power delivery via dual 10MW utility feeds in a 2(N) configuration.About DataBankDallas-based DataBank, is a leading provider of highly secure and reliable custom data center services for enterprise and cloud providers with 100% uptime availability for their data, applications, and infrastructure. DataBank's managed data center services are anchored in world-class facilities, which incorporate multi-homed internet access hubs, and multi-terabyte storage area networks. For additional information on DataBank, please visit www.databank.com or call 1(800) 840-7533.About Digital RealtyDigital Realty Trust, Inc. focuses on delivering customer driven data center solutions by providing secure, reliable and cost effective facilities that meet each customer's unique data center 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 103 properties, excluding three properties held as investments in unconsolidated joint ventures, comprise approximately 19.7 million square feet as of June 6, 2012, including 2.3 million square feet of space held for redevelopment. Digital Realty's portfolio is located in 31 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 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 its new agreement with DataBank and expected timing and delivery of the project. These risks and uncertainties include, among others, the following: the impact of the recent deterioration in global economic, credit and market conditions, including the downgrade 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 or businesses; 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, 2011 and Quarterly Report on Form 10-Q for the quarter ended March 31, 2012. 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. Garibaldi Chief Financial Officer and Vice President, Investor Relations and Chief Investment OfficerCorporate MarketingDigital Realty Trust, Inc.Digital Realty Trust, Inc.+1 (415) 738-6500+1 (415) 738-6500SOURCE Digital Realty Trust, Inc.