Mayer Brown Advises on Major London Data Centre Acquisition
18 August 2011
Leading global law firm Mayer Brown advised international data centre developer, Digital Realty Trust, Inc., on its acquisition of a 130,000 square feet building in London which, when fully developed, will become one of the pre-eminent data centres inside the M25 . The development will have the ability to support a total IT power capacity of 8MW. The undeveloped site was acquired for £12.9m from an undisclosed seller.
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 industries ranging from information technology and Internet enterprises, to manufacturing and financial services.
The Mayer Brown team was led by Real Estate partner James Dodsworth supported by Energy partner, Michael Hutchinson.
James Dodsworth, partner in the Real Estate practice of Mayer Brown, said: "London is a key market for the provision of data centre facilities for the financial services industry, corporate enterprise, telecommunication network providers and managed services companies. Data centres form an increasingly important part of the essential infrastructure of large global cities, such as London, and are emerging as an asset class in their own right given their unique characteristics."
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