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Equinix sells data centre assets to complete Telecity acquisition

Wed 6 Jul 2016

Equinix data center

American data centre operator Equinix has sold eight of its European data centre assets to San Francisco-based Digital Realty for a reported $874 million (approx. £676 million).

The sale comes as one of the conditions stipulated by the European Commission in its approval of Equinix’s £2.6 billion acquisition of Telecity Group in January.

Under the deal Equinix has also agreed to buy Digital Realty’s operations unit in St Denis, Paris, for €189.7 million (approx. £162 million). This purchase includes its real estate and data centre site, which currently hosts Equinix’s PA2 and PA3 International Business Exchange (IBX) data centres. The agreement, which is still subject to formal proceedings, is expected to complete in Q3 this year.

Equinix president and CEO Steve Smith, commented: “Completing this last milestone in the acquisition process paves the way for us to focus fully on helping our enterprise customers leverage our highly interconnected, global data centers for accelerated business performance and innovation.”

“The purchase of the Paris facilities is an important step in managing our real estate portfolio and ensuring we have the ability to add more capacity in this key market in the future,” he added.

According to Equinix, the agreed sale includes Telecity’s Bonnington House, Sovereign House, Meridian Gate and Oliver’s Yard data facilities, and Equinix’s West Drayton site, in London; Telecity’s Science Park and Amstel Business Park 1 data centres in Amsterdam; and Telecity’s Lyonerstrasse data centre in Frankfurt.

This combined real estate provides an estimated 6.9 megawatts of fully installed power, and 62,700 net sellable square feet.

Following the Telecity acquisition at the start of the year, Equinix has added more than 30 data centres and seven new markets to its international portfolio including Dublin, Helsinki, Istanbul, Manchester, Sofia, Stockholm, and Warsaw.

As the world’s largest retail colocation provider, the company now operates 145 IBX data centre facilities across 40 global markets.

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