AFTER SELLING FIVE UK FACILITIES
Data center provider Iron Mountain Incorporated, has just entered into an agreement to acquire a data center in Frankfurt from Calcium DC Pte. Ltd. A EUR 76 million (approximately US$90 million) transaction that is expected to close within the next 90 days subject to customary closing conditions.
The data center is a two-story, 20,000 square meter colocation facility on freehold land in the Am Martinszehnten Industrial Park, which currently has 2.6MW of leased capacity and 8MW of capacity available for retail colocation customers, also sited in close proximity to the city center and Frankfurt Airport.
“This latest investment in one of the most sought-after European markets further solidifies our commitment to invest in the global markets where our customers need us. As a leading global data center provider, we are pleased to continue to meet the key growth milestones that this acquisition, and the recently announced expansion in London, represent,” stated Mark Kidd, Executive Vice President and General Manager of Data Centers at Iron Mountain.
Upon completion of this acquisition deal, Iron Mountain’s presence in the Frankfurt market will include a total of 27MW pre-leased facility in Frankfurt (FRA-1), also having the option of expanding in the future to add Edge computing at the new data center premises which will bolster the company’s entire EMEA data center portfolio.
This announcement is coming about a week after Iron Mountain established a sales-leaseback transaction on its portfolio of five UK facilities with Intermediate Capital Group (ICG) for approximately $178 million. The transaction gave ICG a new data center portfolio of about 550,000 square feet which are located in the greater London area.
Iron Mountain is however, planning to build a new 27MW facility in Slough, marking the company’s second data center in the London region. Codenamed LON-2, the data center is expected to bolster the operations of Iron Mountain’s LON-1 facility which was recently expanded with the addition of two 2MW data halls to now offer a total load capacity of 9.1MW.