Data center operator Digital Realty, has just opened another data center facility “Cloud House” in its Digital Docklands campus, London.

This latest facility is the company’s fifth data center in London. It features four data floors, spans 11,100 square meters (120,000 square feet), with 3,550 square meters (38,200 square feet) of net customer space. With this expansion, Digital Realty’s total IT load in London now totals 96.4MW.

The company announced that this investment will support the growth of London’s technology ecosystem, adding that the city is set to experience a multibillion-pound technology boom, according to a new study conducted by Development Economics.

This new study, “Digital Capitals Index:  London,” was also commissioned by Digital Realty. It examined the value that innovative technologies will deliver to the economy of London over the next decade through new jobs, businesses, industries and efficiencies in public services.

The report focuses on four technology innovations; Artificial Intelligence (AI), Internet of Things (IoT), 5G and Blockchain. It predicts that these four technologies combined, will add £6.25 billion ($7.7bn) to London’s economy in 2019 and an estimated £24.29 billion ($30bn) in 2029.

“Cities around the world are on the cusp of a technology revolution that could drive substantial economic growth,” said Jeff Tapley, EMEA Managing Director, Digital Realty. 

“The opening of our new facility in the Digital Docklands underscores Digital Realty’s commitment to supporting the technology revolution in London.  Businesses can rely on our secure platform to connect to and deliver the critical technology they need to succeed, from AI to IoT, from one city and country to anywhere in the world in order to efficiently grow and scale.”

With direct cloud access to AWS and Oracle, the new Cloud House has N+2 cooling plant redundancy and 1.5MW of UPS power capacity. As a whole, Digital Docklands campus provides access to over 85 carriers, ISPs and Internet exchange providers.