Digital Realty, a leading global provider of data center, colocation, and interconnection solutions, is expanding its operations in Europe and entering the South Korean market. The provider is acquiring land in Seoul, South Korea, for the development of a new, carrier-neutral data center facility. The company also entered into a definitive agreement to acquire a 34-acre land parcel in Hattersheim, approximately three miles from Frankfurt Airport, for developing its next data center campus.
The 22,000 square foot land in Seoul is located within the Sangam Digital Media City, a newly developed urban planning zone focused on technology and media companies. The new facility will span more than 129,000 square feet. It will rise 10 stories above ground and extend three stories below grade. The construction will begin in the coming months. The company expects to complete it in 2021.
"With a population of more than 25 million, the Seoul Capital Area is one of the largest metropolitan areas in the world and home to half of all the residents in South Korea. It's the ideal location for building our first facility in the country and bringing our differentiated, carrier-neutral solutions to meet pent-up local and global customer demand," said Mark Smith, Managing Director, Asia Pacific for Digital Realty.
While making an entry in South Korea, San Francisco-based Digital is expanding its presence to a third location in Frankfurt. The company intends to build an 84MW data center on its news site. The provider expects to commence the construction immediately after closing the deal. The acquisition is subject to certain closing conditions, including zoning and planning permissions.
"Frankfurt is a critical connectivity hub for our customers in Europe, and this strategic land acquisition demonstrates our long-term commitment to securing our supply chain and supporting our customers' growth across the region," said A. William Stein, Chief Executive Officer, Digital Realty.
Digital Realty supports the data center, colocation and interconnection strategies of more than 2,000 firms across its data centers located throughout North America, Europe, Latin America, Asia and Australia. Its vast network of clients includes domestic and international companies of all sizes, ranging from cloud and information technology services, communications and social networking to financial services, manufacturing, energy, healthcare and consumer products.
