DRT Invests in The Netherlands

In the transaction, KPN has signed a long-term, triple net lease with Digital Realty for the existing data centre. The 7,000 square foot building and overall site have the potential capacity for 3.5 megawatts of critical load.

Michael F. Foust, Chief Executive Officer of Digital Realty, said: “We are delighted to support KPN in this mission critical project and we look forward to supporting their future data centre needs. The Netherlands is a strategically important market for our European customers as they seek to implement robust data centre solutions in order to facilitate business growth. Furthermore, the deal demonstrates our ability to collaborate to provide the robust backbone that organisations today rely on to deliver flawless IT services. We are delighted to welcome KPN to our portfolio.”

“This transaction underscores our ability to complete a highly structured transaction that enables our customer to provide solutions in its controlled data centre real estate assets with a well-capitalised, long-term data centre owner,” said Bernard Geoghegan, Managing Director, EMEA for Digital Realty. “This deal continues our strategy of expanding our European footprint by investing in high-quality data centre facilities that are home to top-tier global brands.”