DUBLIN, December 1 /PRNewswire/ -- Digital Realty Trust, Inc. , the world's largest wholesale datacentre provider, has completed a new Turn-Key Datacentre(R) lease agreement with Ireland's leading managed services and data centre operator, ServeCentric (www.servecentric.com). ServeCentric has experienced increased demand for managed datacentre services, prompting the company to expand its footprint within the Digital Realty Trust facility in Dublin.
We are pleased to be able to provide ServeCentric with the additional space and flexibility it required to respond to market trends and meet the increasing demands from its customers, said Brent Behrman, Vice President of Global Sales of Digital Realty Trust. This lease agreement is further proof that Digital Realty Trust is a datacentre infrastructure partner that companies can rely on for the long term.
Digital Realty Trust's Turn-Key Datacentre facilities provide us with state-of-the-art environments for supporting mission critical infrastructure. As important, we have been able to extend our footprint as and when we have needed, comments Aidan Donnelly, CEO at ServeCentric. Leasing space allows us to move forward without prohibitive capital investment, and the time required to bring a new data centre online is significantly reduced. As a result we have been able to react to the market on our terms, and have simultaneously guaranteed delivery of the best service to our customers.
About Digital Realty Trust, Inc.
Digital Realty Trust owns, acquires, redevelops, develops and manages technology-related real estate. The Company is focused on providing Turn-Key Datacentre(R) and Powered Base Building(R) datacentre solutions for domestic and international tenants across a variety of industry verticals ranging from information technology and internet enterprises, to manufacturing and financial services. Digital Realty Trust's 79 properties, excluding one property held as an investment in an unconsolidated joint venture, contain applications and operations critical to the day-to-day operations of technology industry tenants and corporate enterprise datacentre tenants. Comprising approximately 1.3 million square metres (14.0 million square feet) as of November 3, 2009, including 177,000 square metres (1.9 million square feet) of space held for redevelopment, Digital Realty Trust's portfolio is located in 27 markets throughout Europe and North America. For additional information, please visit Digital Realty Trust's website at http://www.digitalrealtytrust.com.
ServeCentric is a wholly owned, private funded, Irish organisation. It was established in August 2002 and has its headquarters in Blanchardstown Corporate Park in Dublin. It is currently Ireland's leading managed services and data centre operator and provides high-quality, scaleable solutions from single cabinet collocation services to full-scale provision of managed services.
Safe Harbor 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. These risks and uncertainties include the impact of the current deterioration in the global economy, including the turmoil in the financial and credit markets; the downturn of local economic conditions in our geographic markets; 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; decreases in real estate valuations and resulting impairment charges; our dependence upon significant tenants; bankruptcy or insolvency of one or more major tenants 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 for refinancing current debt obligations, undertaking or completing redevelopment, completing acquisitions or other purposes; increased interest rates and operating costs; our failure to repay debt when due or our breach of covenants or other terms contained in our loan documents; financial market fluctuations; changes in foreign currency exchange rates; our ability to manage our growth effectively; difficulty acquiring or operating properties in foreign jurisdictions; our failure to successfully operate acquired or redeveloped properties; risks related to joint venture investments, including as a result of our lack of control of certain of these investments; delays or unexpected costs in development or redevelopment of properties; decreased rental rates or increased vacancy rates; increased competition or available supply of data center space; inability to successfully redevelop and lease new properties and space held for redevelopment; difficulties in identifying properties to acquire and completing acquisitions; our inability to acquire off-market properties; our inability to comply with the rules and regulations applicable to public 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; changes in foreign laws and regulations, including those related to taxation and real estate ownership and operation; 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 United States Securities and Exchange Commission, including the Company's annual report on Form 10-K for the year ended December 31, 2008 and the Company's quarterly reports on Form 10-Q for the quarters ended March 31, 2009, June 30, 2009 and September 30, 2009. 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.
For Additional Information: --------------------------- A. William Stein Pamela A. Matthews Chief Financial Officer and Director of Investor Relations Chief Investment Officer Digital Realty Trust, Inc. Digital Realty Trust, Inc. +1-415-738-6500 +1-415-738-6500 Bernard Geoghegan SVP, International Operations Digital Realty Trust, Inc. +353-1-245-0650
SOURCE: Digital Realty Trust, Inc.
CONTACT: A. William Stein, Chief Financial Officer and Chief InvestmentOfficer, +1-415-738-6500, Pamela A. Matthews, Director of InvestorRelations, +1-415-738-6500, or Bernard Geoghegan, SVP, InternationalOperations, +353-1-245-0650, all of Digital Realty Trust, Inc.