FRANKFURT, Germany,
Nov. 13, 2017 /PRNewswire/
-- Digital Realty (NYSE: DLR), a leading global provider
of data centre, colocation and interconnection solutions, announced
today the grand opening of its second data centre in
Frankfurt. This nine-megawatt facility is the first of three
buildings to be built on the new Digital Realty campus in
Sossenheim, Germany, an
established data centre hub approximately three miles west of
downtown Frankfurt. The Wilhelm-Fay-Strasse site in
Sossenheim is expected to support the development of up to 27
megawatts of data centre capacity, and will be connected via dark
fibre to Digital Realty's existing facility on Lyoner Strasse,
establishing a carrier-neutral and fibre-rich connectivity hub with
access to major carriers, Internet service and exchange providers,
as well as leading global cloud service providers.
Expansion demonstrates commitment to customers and their
operations in Germany
"Frankfurt is one of the most important data
centre markets in the world – second in size only to London in the European region. Given its
central location, excellent infrastructure, and concentration of
leading international businesses, Frankfurt is widely regarded as the
connectivity, commercial and financial capital of Germany," said Digital Realty Chief Executive
Officer A. William Stein. "We
are pleased to be able to support our customers' global growth
requirements on our state-of-the-art Sossenheim campus."
Digital Realty convenes industry experts to explore the
impact of new data security regulations
To commemorate the
launch of its second data centre in Frankfurt, Digital Realty hosted a roundtable
forum on the ground floor of the new facility to discuss the impact
of stringent new data protection rules in Europe. Industry
experts from a diverse group of organisations participated in a
lively, wide-ranging discussion on topics including the General
Data Protection Regulation, or GDPR, which was enacted to
strengthen and unify data protection regimes for all individuals
within the European Union.
In conjunction with the grand opening and roundtable forum,
Digital Realty shared the results of a research paper it
commissioned from IDG regarding the impact of data protection laws
in Germany. The study
revealed that, while awareness of and confidence in organisations'
ability to meet GDPR requirements is high, familiarity with the
specific requirements was less universal, suggesting a somewhat
mixed level of preparedness. In addition, opinions were
almost evenly split on expectations as to how data protection
approaches will evolve in Germany
over the next five years. A plurality of respondents expects
rules to become stronger, but almost as many anticipate that rules
will be relaxed to facilitate greater business activity.
"Cybersecurity is not only a hot topic in Europe, especially with GDPR coming into
effect, but in Germany it's an
established protocol, subject to significant governance and
regulatory oversight," said Rob
Coupland, Digital Realty's Managing Director, EMEA.
"The research IDG conducted on our behalf provides valuable insight
into how attitudes toward the protection of data are evolving, and
the impact this might have for the future of business in
Germany."
Find more information on:
- the new data centre in Sossenheim, Frankfurt
- the IDG research
About Digital Realty
Digital Realty supports the data
centre, colocation and interconnection strategies of more than
2,300 firms across its secure, network-rich portfolio of data
centres located throughout North
America, Europe,
Asia and Australia. Digital
Realty's clients include domestic and international companies of
all sizes, ranging from financial services, cloud and information
technology services, to manufacturing, energy, gaming, life
sciences and consumer products.
https://www.digitalrealty.com/
Media Inquiries
Amanda
Sehmar
Marketing Manager
Phone: +44 203 873 0140
asehmar@digitalrealty.com
For Additional Information:
Andrew P. Power
Chief Financial Officer
Digital Realty
(415) 738-6500
Investor Relations
John J.
Stewart / Maria S. Lukens
Digital Realty
(415) 738-6500
investorrelations@digitalrealty.com
Safe Harbour Statement
This 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 the opening of our Sossenheim data
centre, including the expected timing, benefits and capabilities of
the Sossenheim data centre, the expected demand and economic
conditions and outlook in Frankfurt and German in general, the IDG
research paper, and expected trends on data protection, including
GDPR. These risks and uncertainties include, among others,
the following: the impact of current global economic, credit and
market conditions; current local economic conditions in the
metropolitan areas in which we operate; 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; 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 developed properties or businesses; the
suitability of our properties and data centre infrastructure,
delays or disruptions in connectivity, failure of our physical and
information security infrastructure or services or availability of
power; risks related to joint venture investments, including as a
result of our lack of control of such investments; delays or
unexpected costs in development of properties; decreased rental
rates, increased operating costs or increased vacancy rates;
increased competition or available supply of data centre space; our
inability to successfully develop and lease new properties and
development space; difficulties in identifying properties to
acquire and completing acquisitions; our inability to acquire
off-market properties; the impact of the United Kingdom's referendum on withdrawal from
the European Union on global financial markets and our business;
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, 2016, Quarterly Report on Form 10-Q
for the quarters ended March 31, 2017
and June 30, 2017 and current report
on Form 8-K filed July 10,
2017. 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.
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SOURCE Digital Realty