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Follow on Google News | Digital Realty and Savvis Joint Venture Completes Acquisition of Hong Kong Data CentreDigital Realty Trust, Inc., a leading global provider of data centre solutions, and Savvis, a global leader in cloud infrastructure and hosted IT solutions, announced today the completion of the joint venture acquisition of a facility in Hong Kong.
By: Digital Realty Trust "We are very pleased to complete the acquisition of our first Hong Kong property with Savvis, our joint venture partner," said Michael F. Foust, chief executive officer of Digital Realty. "We look forward to redeveloping the facility to provide enterprise-quality data centre space to this important global market." "The completion of this acquisition with Digital Realty helps us further address demand for managed services, colocation and cloud solutions in the high-growth Hong Kong market," said Mark Smith, managing director, Asia, for Savvis. "Through this joint venture, Savvis will utilize capacity within the facility to provide our customers with network, managed IT and cloud services.” The data centre facility is located at Tseung Kwan O Industrial Estate in New Territories, approximately 12 miles from downtown Hong Kong. Upon redevelopment, the building will be capable of supporting approximately 5.76 megawatts of IT load capacity. "The joint venture will provide next generation, large colocation and managed/cloud services aligned with the Hong Kong government's Digital 21 Strategy of making Hong Kong a data centre hub for cloud services,” added Kris Kumar, senior vice president and regional head, Asia Pacific, for Digital Realty. "We expect to begin construction at the site in the third quarter of 2012 with the first Turn-Key FlexSM data centre space delivered mid-2013.” Digital Realty's Turn-Key Flex data centre solution is a modular approach to delivering secure, enterprise quality data centre space to meet customers' just-in-time requirements. Designed to provide maximum flexibility, reliability and efficiency, each Turn-Key Flex facility comes fully commissioned with its own dedicated electrical and mechanical infrastructure. Utilizing Digital Realty's proprietary POD Architecture® About Digital Realty Digital Realty Trust, Inc. focuses on delivering customer driven data centre solutions by providing secure, reliable and cost effective facilities that meet each customer's unique data centre needs. Digital Realty's customers include domestic and international companies across multiple industry verticals ranging from information technology and Internet enterprises, to manufacturing and financial services. Digital Realty's 108 properties, excluding three properties held as investments in unconsolidated joint ventures, comprise approximately 20.8 million square feet as of July 16, 2012, including 2.3 million square feet of space held for redevelopment. Digital Realty's portfolio is located in 32 markets throughout Europe, North America, Singapore and Australia. Additional information about Digital Realty is included in the Company Overview, which is available on the Investors page of Digital Realty's website at http://www.digitalrealty.com. About Savvis Savvis, a CenturyLink company, is a global leader in cloud infrastructure and hosted IT solutions for enterprises. Nearly 2,500 unique clients, including more than 30 of the top 100 companies in the Fortune 500, use Savvis to reduce capital expense, improve service levels and harness the latest advances in cloud computing. About CenturyLink CenturyLink is the third largest telecommunications company in the United States. The company provides broadband, voice, wireless and managed services to consumers and businesses across the country. It also offers advanced entertainment services under the CenturyLink™ For more information, visit www.savvis.com or www.centurylink.com. End
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