LONDON, May 9, 2019 /PRNewswire/ -- Digital
Realty (NYSE: DLR), a leading global provider of data centre,
colocation and interconnection solutions, announced today the
official opening of the second data centre on its Profile Park
campus in Dublin, Ireland.
The five-megawatt expansion provides new and existing
customers on the Profile Park campus with additional runway for
growth in the capacity-constrained Irish market. The new
facility is located 30 minutes from Dublin's city centre, and provides maximum
product flexibility with state-of-the-art power, cooling,
connectivity, security and system redundancy.
The expansion of the Profile Park campus brings Digital Realty's
total investment in Ireland to
over €200 million, underscoring the company's commitment to the
country and confidence in the long-term local demand. Recent
research conducted by Censuswide on behalf of Digital Realty found
that nearly half (47%) of Irish IT decision-makers are optimistic
about the growth of the tech sector in Ireland. The survey of
250 senior Irish IT decision-makers revealed the areas they expect
to have the biggest impact over the next five years include Brexit
(56%), GDPR (36%), and the rollout of 5G (23%).
IT decision-makers do foresee barriers to market growth,
however, including bonus taxation (40%), shortage of affordable
housing (36%), and a lack of available funding for tech start-ups
(32%). Nearly half (46%) of Irish IT decision-makers surveyed
see Ireland as a safe harbour for
data, with Ireland quickly
becoming a leading digital hub for Europe due to its skilled workforce (38%),
competitive corporate tax regime (37%), and GDPR (30%).
"We are pleased to support our customers' growth with the
expansion of our Profile Park campus," said Valerie Walsh, Digital Realty Senior Vice
President, Portfolio Management. "Our continued investment in
Ireland demonstrates our
confidence in the future growth prospects for the technology sector
in the region. Our research shows that tech sector
decision-makers share this optimism and expect the country will
continue to flourish in the years to come."
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, Australia and South
America. 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.
For Additional Information
Andrew P. Power
Chief Financial Officer
Digital Realty
(415) 738-6500
Media Inquiries
Sue
Jones
Digital Realty
+44 203 873 0145
s.jones@digitalrealty.com
Paul Crouch
Senior Consultant
Teneo
+44 7795 226361
Paul.crouch@teneo.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 our Irish data centres, the survey
we conducted and our expectations for Ireland and Europe. These risks and
uncertainties include, among others, the following: reduced demand
for data centres or decreases in information technology spending;
decreased rental rates, increased operating costs or increased
vacancy rates; increased competition or available supply of data
centre space; the suitability of our data centres and data centre
infrastructure, delays or disruptions in connectivity or
availability of power, or failures or breaches of our physical and
information security infrastructure or services; our dependence
upon significant customers, bankruptcy or insolvency of a major
customer or a significant number of smaller customers, or defaults
on or non-renewal of leases by customers; breaches of our
obligations or restrictions under our contracts with our customers;
our inability to successfully develop and lease new properties and
development space, and delays or unexpected costs in development of
properties; the impact of current global and local economic, credit
and market conditions; our inability to retain data centre space
that we lease or sublease from third parties; difficulty acquiring
or operating properties in foreign jurisdictions; our failure to
realize the intended benefits from, or disruptions to our plans and
operations or unknown or contingent liabilities related to, our
recent acquisitions; our failure to successfully integrate and
operate acquired or developed properties or businesses;
difficulties in identifying properties to acquire and completing
acquisitions; risks related to joint venture investments, including
as a result of our lack of control of such investments; 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; our failure to obtain necessary debt and equity
financing, and our dependence on external sources of capital;
financial market fluctuations and changes in foreign currency
exchange rates; 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 and goodwill and other intangible asset impairment charges;
our inability to manage our growth effectively; losses in excess of
our insurance coverage; environmental liabilities and risks related
to natural disasters; our inability to comply with rules and
regulations applicable to our company; our failure to maintain our
status as a REIT for federal income tax purposes; our operating
partnership's failure to qualify as a partnership for federal
income tax purposes; restrictions on our ability to engage in
certain business activities; and changes in local, state, federal
and international laws and regulations, including related to
taxation, 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, 2018. 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