Digital Realty invests £715m in London data centre properties

City A.M. Reporter
US DATA centre firm Digital Realty Trust said yesterday it was buying three properties near London for a total of £715.6m.

The world’s biggest provider of real estate for data centres is looking to the European market for growth with the 761,000 square feet investment across three data centres located in Woking, Watford and Croydon.

Chief executive Michael Foust said London was a “highly strategic global data centre market”, and that the new sites would allow it to “serve a wide variety of customers seeking institutional quality data centre space”.

The Sentrum portfolio, as it is known, is already 80 per cent let to 21 tenants, but Digital Realty said yesterday it saw “significant value-add opportunity to lease the balance of the portfolio’s available space”.

Digital Realty owns 20m square feet of data centre space around the world at 105 properties. Its shares have risen almost 10 per cent this year as it seeks to increase its portfolio offering.