Digital Realty Trust is quickly becoming the Oracle of data center space. Apart from the discussion if that's a good thing or not, the fact is that DRT is on one heck of a buying spree. Just like Oracle, 'organical growth' is just not in their dictionary.
Now, the data center facility giant has made one big sweep by
buying all five of the 365 Main facilities for the sum of 725 million dollar.That's almost one million square meters of data center floorspace in one go! Ow, and 200 new customers of course.
They also purchase 13 million dollar's worth of unimplemented infrastructure kit, and 250,000 square feet of additional space that can be developed into turn-key data centers.
The deal took a while to materialise. Two years have the
365 Main assets been up for sale from investor
Rockwood Capital. Even giant Digital Realty Trust could not immediatly fork out the needed money for what is now the largest acquisition in data center history.
Only the original 365 Main facility in San Francisco uses a model of leasing per cabinet. The other facilities employ a wholesale approach.
Again, whether Digital Realty Trust is on the right path here or not is all up to you...
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