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Equinix launches $1bn European data centre venture

Written by Thu 10 Oct 2019

Equinix hints at further joint ventures

Equinix has announced the completion of a $1.0bn plus joint venture with GIC, Singapore’s sovereign wealth fund.

The venture will see Equinix develop data centres in Europe, serving a targeted group of hyperscale companies, including the world’s largest cloud providers.

The venture’s initial six facilities will be located in the AmsterdamLondon (two sites), Frankfurt (two sites) and Paris markets.

Equinix’s London LD10 IBX and Paris PA8 IBX facilities have been sold to the joint venture. The former will be renamed the LD13x xScale data centre and provide 10MW of capacity for xScale customers. The latter has been renamed the PA8x xScale data centre and at full buildout is expected to support 14MW of capacity.

In addition, the FR9x xScale data centre in Frankfurt will add 10MW of capacity in Q3 2020 when the initial phase is opened. At full capacity, the facility is expected to support 18MW of capacity.

The LD11x xScale data centre in London will add 10MW of capacity for hyperscale customers in Q1 2021 when the initial phase is opened. At full capacity, the facility is expected to support 19MW of capacity.

“The formation of our JV with GIC is a strategic milestone for Equinix as we continue to deepen our relationships with the world’s largest cloud and hyperscale companies and help them meet their core workload deployment needs and gain proximity to the thriving business ecosystems available at Equinix,” said Charles Meyers, President and CEO, Equinix.

“We look forward to launching similar JVs in other operating regions and believe these efforts will continue to further differentiate Equinix as the trusted center of a cloud-first world.”

Written by Thu 10 Oct 2019

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