Press release from PR Newswire
Digital Realty Acquires Operating Data Centre in Sydney
Monday, January 07, 2013
Digital Realty Acquires Operating Data Centre in Sydney16:00 EST Monday, January 07, 2013Institutional quality data centre fully leased to leading IT products and services providerSYDNEY, Jan. 7, 2013 /PRNewswire/ -- Digital Realty Trust, Inc. (NYSE: DLR), a leading global provider of data centre solutions, announced today that it has completed the acquisition of 23-25 Waterloo Road, Macquarie Park, a 7,500 square-meter data centre in Sydney, Australia. The property is currently fully leased to a leading global provider of IT products and services on a long-term basis. The purchase price was AU$11.75 million."Macquarie Park is an established hub for high tech companies operating in Sydney. The addition of this institutional quality data centre facility to our portfolio expands our footprint in the Sydney market, and adds a new global, blue-chip tenant to our customer base," said Kris Kumar, Senior Vice President and Regional Head Asia Pacific for Digital Realty. "Along with our recently completed Turn-Key FlexSM data centre at Erskine Park, this acquisition is one more step in our Australian expansion plans, demonstrating our commitment to this important Asia Pacific market.""The acquisition of this property is consistent with our Asia Pacific expansion as well as our strategy of investing in high quality operating facilities in key data centre markets," said Michael F. Foust, Chief Executive Officer of Digital Realty. "In addition, we are very pleased to welcome one of the region's leading global IT service providers to our customer base."Digital Realty's Turn-Key FlexSM solution is a modular approach to delivering secure, enterprise quality data centre space to meet customers' just-in-time requirements. Designed to provide maximum flexibility, reliability and efficiency, each Turn-Key Flex facility comes fully commissioned with its own dedicated electrical and mechanical infrastructure. Utilizing Digital Realty's proprietary POD Architecture® and extensive supply chain, Digital Realty's next generation Turn-Key Flex data centre solution is designed for the future and ready today.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 110 properties, excluding three properties held as investments in unconsolidated joint ventures, comprise approximately 21.2 million square feet as of October 26, 2012, including 2.2 million square feet of space held for redevelopment. Digital Realty's portfolio is located in 32 markets throughout Europe, North America, Asia 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 acquisition of the Sydney data centre, our expansion plans in Australia and the Asia Pacific region, and our investment strategy. 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 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 or businesses; 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 centre 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, 2011 and Quarterly Reports on Form 10-Q for the quarters ended March 31, 2012, June 30, 2012 and September 30, 2012. 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 Stein Pamela M. Garibaldi Kris KumarChief Financial Officer and Vice President, Investor RelationsSenior Vice President andChief Investment Officerand Corporate Marketing Regional Head, Asia PacificDigital 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.