The proposed project will be Digital Realty’s third location in Frankfurt, building upon the rapid absorption of its existing campus in Sossenheim and supporting the company’s investment in its coverage of Western Europe, including the recent appointment of Christian Zipp as Vice President, Sales with responsibility for Germany, Austria, Switzerland and the Netherlands.
The acquisition is subject to certain closing conditions, including zoning and planning permissions. Immediately upon closing, Digital Realty expects to commence development of a connected campus, which will support the next phase of the company’s growth in Frankfurt with the delivery of up to 84 megawatts of IT capacity.
“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 Digital Realty Chief Executive Officer A. William Stein. “Looking ahead, we will continue to invest in opportunities to meet the growing demand for data center solutions across the region.”
Jones Lang LaSalle is serving as Digital Realty’s retained real estate advisor and White & Case is serving as Digital Realty’s legal counsel on the acquisition.
