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Digital Realty Trust Signs Adobe to Singapore Data Centre Lease
Adobe among First Customers at Digital Realty Trust's 29A International Business Park Datacentre
SINGAPORE, July 18, 2011 /PRNewswire/ --Digital Realty Trust, Inc. (NYSE: DLR), a global wholesale data centre provider, has signed a lease agreement with Adobe Systems Incorporated in its 29A International Business Park data centre in Singapore. This Turn-Key Datacentre® lease agreement provides Adobe with world-class data centre infrastructure to support its mission critical computing systems. Adobe will rely on Digital Realty Trust's data centre infrastructure to deploy its data collection and data processing systems in a timely, cost-effective manner to meet increased demand for Adobe's software-as-a-service solutions in the region from key verticals including education, government and the enterprise market.
"We are delighted that Adobe has selected Digital Realty Trust as its partner for this mission-critical data centre," said Kris Kumar, Regional Head, Asia Pacific, Digital Realty Trust. "Digital Realty Trust is committed to providing local, regional and global enterprise customers with secure, reliable and cost effective data centre facilities. We believe our operating expertise and global resources will continue to benefit our customers as they expand their IT operations in the Asia Pacific region."
"Choosing Digital Realty Trust is aligned with our strategy of partnering with leading companies that help us best meet our customers' needs," said Brandon Pulsipher, vice president of network operations, Omniture Business Unit, Adobe. "Adobe is firmly committed to expanding and providing improved services to our Asia Pacific customers. In addition to Singapore, Adobe is actively exploring other markets and we expect to deliver additional Asia Pacific service locations in the future."
Each Digital Realty Trust Turn-Key Datacentre facility is physically secure and features a state-of-the-art power and cooling architecture that has been optimized for green operation. Every Turn-Key Datacentre is built using the Company's proprietary POD Architecture® and uses metered power to ensure that clients pay only for the power that they use. The facility also comes standard with Digital Realty Trust's PowerVU software, which enables centralized monitoring and management of data centre power consumption, energy efficiency and load analysis.
About Digital Realty Trust, Inc.
Digital Realty Trust, Inc. focuses on delivering customer driven data centre solutions by providing secure, reliable and cost effective facilities that meet each customer's unique data centre needs. Digital Realty Trust's customers include domestic and international companies across multiple industry verticals ranging from information technology and Internet enterprises, to manufacturing and financial services. Digital Realty Trust's 96 properties, excluding two properties held as investments in unconsolidated joint ventures, comprise approximately 16.9 million square feet as of April 28, 2011, including 2.2 million square feet of space held for redevelopment. Digital Realty Trust's portfolio is located in 28 markets throughout Europe, North America and Singapore. Additional information about Digital Realty Trust is included in the Company Overview, which is available on the Investors page of Digital Realty Trust's website at http://www.digitalrealtytrust.com.
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, including statements related to the new lease agreement with Adobe. These risks and uncertainties include, among others, the following: the impact of the recent deterioration in global economic, credit and market conditions; current 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 (including risks relating to decreasing real estate valuations and impairment charges); our dependence upon significant tenants; bankruptcy or insolvency of a major tenant 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; increased interest rates and operating costs; risks associated with using debt to fund our business activities, including re-financing and interest rate risks, our failure to repay debt when due, adverse changes in our credit ratings or our breach of covenants or other terms contained in our loan facilities and agreements; financial market fluctuations; changes in foreign currency exchange rates; our inability to manage our growth effectively; difficulty acquiring or operating properties in foreign jurisdictions; our failure to successfully integrate and operate acquired or redeveloped properties; risks related to joint venture investments, including as a result of our lack of control of such 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; our inability to successfully develop 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 reporting 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; losses in excess of our insurance coverage; changes in foreign laws and regulations, including those related to taxation and real estate ownership and operation; and changes in local, state and federal regulatory requirements, including 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 U.S. Securities and Exchange Commission, including the Company's Annual Report on Form 10-K for the year ended December 31, 2010 [and Quarterly Report on Form 10-Q for the quarter ended March 31, 2011. 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 M. Garibaldi Kris Kumar
Chief Financial Vice President, Regional Head Asia
Officer and Investor Relations Pacific &
Chief Investment and Corporate VP Corporate
Officer Marketing Development
Digital Realty Digital Realty Trust,
Trust, Inc. Inc. +65 6597 7088
+1 (415) 738-6500 +1 (415) 738-6500
SOURCE Digital Realty Trust, Inc.
Digital Realty Trust, Inc.
Web Site: http://www.digitalrealtytrust.com
Digital Realty Trust Signs Adobe to Singapore Data Centre Lease
Adobe among First Customers at Digital Realty Trust's 29A International Business Park Datacentre
SINGAPORE, July 18, 2011 /PRNewswire/ --Digital Realty Trust, Inc. (NYSE: DLR), a global wholesale data centre provider, has signed a lease agreement with Adobe Systems Incorporated in its 29A International Business Park data centre in Singapore. This Turn-Key Datacentre® lease agreement provides Adobe with world-class data centre infrastructure to support its mission critical computing systems. Adobe will rely on Digital Realty Trust's data centre infrastructure to deploy its data collection and data processing systems in a timely, cost-effective manner to meet increased demand for Adobe's software-as-a-service solutions in the region from key verticals including education, government and the enterprise market.
"We are delighted that Adobe has selected Digital Realty Trust as its partner for this mission-critical data centre," said Kris Kumar, Regional Head, Asia Pacific, Digital Realty Trust. "Digital Realty Trust is committed to providing local, regional and global enterprise customers with secure, reliable and cost effective data centre facilities. We believe our operating expertise and global resources will continue to benefit our customers as they expand their IT operations in the Asia Pacific region."
"Choosing Digital Realty Trust is aligned with our strategy of partnering with leading companies that help us best meet our customers' needs," said Brandon Pulsipher, vice president of network operations, Omniture Business Unit, Adobe. "Adobe is firmly committed to expanding and providing improved services to our Asia Pacific customers. In addition to Singapore, Adobe is actively exploring other markets and we expect to deliver additional Asia Pacific service locations in the future."
Each Digital Realty Trust Turn-Key Datacentre facility is physically secure and features a state-of-the-art power and cooling architecture that has been optimized for green operation. Every Turn-Key Datacentre is built using the Company's proprietary POD Architecture® and uses metered power to ensure that clients pay only for the power that they use. The facility also comes standard with Digital Realty Trust's PowerVU software, which enables centralized monitoring and management of data centre power consumption, energy efficiency and load analysis.
About Digital Realty Trust, Inc.
Digital Realty Trust, Inc. focuses on delivering customer driven data centre solutions by providing secure, reliable and cost effective facilities that meet each customer's unique data centre needs. Digital Realty Trust's customers include domestic and international companies across multiple industry verticals ranging from information technology and Internet enterprises, to manufacturing and financial services. Digital Realty Trust's 96 properties, excluding two properties held as investments in unconsolidated joint ventures, comprise approximately 16.9 million square feet as of April 28, 2011, including 2.2 million square feet of space held for redevelopment. Digital Realty Trust's portfolio is located in 28 markets throughout Europe, North America and Singapore. Additional information about Digital Realty Trust is included in the Company Overview, which is available on the Investors page of Digital Realty Trust's website at http://www.digitalrealtytrust.com.
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, including statements related to the new lease agreement with Adobe. These risks and uncertainties include, among others, the following: the impact of the recent deterioration in global economic, credit and market conditions; current 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 (including risks relating to decreasing real estate valuations and impairment charges); our dependence upon significant tenants; bankruptcy or insolvency of a major tenant 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; increased interest rates and operating costs; risks associated with using debt to fund our business activities, including re-financing and interest rate risks, our failure to repay debt when due, adverse changes in our credit ratings or our breach of covenants or other terms contained in our loan facilities and agreements; financial market fluctuations; changes in foreign currency exchange rates; our inability to manage our growth effectively; difficulty acquiring or operating properties in foreign jurisdictions; our failure to successfully integrate and operate acquired or redeveloped properties; risks related to joint venture investments, including as a result of our lack of control of such 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; our inability to successfully develop 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 reporting 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; losses in excess of our insurance coverage; changes in foreign laws and regulations, including those related to taxation and real estate ownership and operation; and changes in local, state and federal regulatory requirements, including 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 U.S. Securities and Exchange Commission, including the Company's Annual Report on Form 10-K for the year ended December 31, 2010 [and Quarterly Report on Form 10-Q for the quarter ended March 31, 2011. 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 M. Garibaldi Kris Kumar
Chief Financial Vice President, Regional Head Asia
Officer and Investor Relations Pacific &
Chief Investment and Corporate VP Corporate
Officer Marketing Development
Digital Realty Digital Realty Trust,
Trust, Inc. Inc. +65 6597 7088
+1 (415) 738-6500 +1 (415) 738-6500
SOURCE Digital Realty Trust, Inc.
Digital Realty Trust, Inc.
Web Site: http://www.digitalrealtytrust.com