MC Digital Realty Joint Venture Closes on Five-Acre Land Parcel in Tokyo

7 Jun 2019 by Technology

Digital Realty, a leading global provider of data center, colocation, and interconnection solutions, is expanding their global data center footprint. The company announced that MC Digital Realty, a 50/50 joint venture between Mitsubishi Corporation and Digital Realty, has closed on the acquisition of a five-acre land parcel in Tokyo. The new facility is expected to be available for clients by 2020.

The site is located at the center of the Inzai data center cluster, one of the highest-density areas in Japan with well-established utility and connectivity infrastructure. The site is also home to leading global cloud providers and financial institutions. The initial facility delivers over 35 megawatts of total IT capacity to global and regional clients.

"Through MC Digital Realty, we are powering our customers' digital ambitions in Japan, with state-of-the-art future capacity in Tokyo, a longtime target market and one of the top financial and technology hubs in the Asia Pacific region," said A. William Stein, Digital Realty Chief Executive Officer. "This important milestone enables us to continue executing upon our mission of providing our customers the trusted foundation for the digital world."  

Digital Realty has a well-established network of industry-leading data centers in the Asia Pacific region. The company boasts of its data centers located in Singapore, Hong Kong, Osaka, Tokyo, Melbourne, and Sydney. The latest land parcel acquisition in Tokyo is an exciting growth opportunity for Digital Realty in Japan.

 "This transaction represents an important step in the next phase of our Japan growth strategy. Tokyo is one of the most important data center markets in the world.  This new land parcel will provide us with a solid foundation for our platform in Japan, enabling us to continue to support years of customer expansion, while broadening our positive impact on the local digital economy," said Mark Smith, Digital Realty Managing Director, Asia Pacific.

The company informed that the demolition of the existing structure on the site would begin immediately. Digital Realty expects to commence the development in 2020, subject to planning approvals.

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