"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 Flex(SM) 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® and extensive supply chain, Digital Realty's next generation Turn-Key Flex data centre solution is designed for the future and ready today.
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