DuPont Fabros acquires ex-printing premises for new Toronto data centre
Fri 28 Oct 2016
DuPont Fabros Technology has paid CAD $54,250,000 (approx. £33.5 million) for a former printing plant and associated land in Vaughan, Ontario, marking the company’s entry into the Toronto data centre market.
The new TOR1 DC build, which once printed the Toronto Daily Star, will have a critical load of up to 46mw in an installation likely to contain around 23 computer rooms. Clients will be able to choose options for power resiliency and density. The initial phase will involve the construction of 12 spaces over 125,000 square feet, rated at a critical load of 24mw.
DFT estimates that the TOR1 site will begin offering services in the third quarter of 2017.
Christopher P. Eldredge, President and CEO of the Washington-based Real Estate Investment Trust (REIT), said “We look forward to expanding our business into the Toronto market. We believe that there is robust demand for first-class data center services in Toronto. As we have discussed previously, entry into this market is a key aspect of our strategic plan. Now that the purchase is complete, our pre-leasing efforts will target both existing and new customers who may need our premier wholesale data center services in Toronto.”
DFT currently operates 11 data centres across 3.1 million square feet, with its plant at Ashburn, Virginia estimated to be the third-largest in the world at 1,600,000 square feet. The company, named the fastest growing in 2014 by the Washington Business Journal, has operating revenue of $452 million.
The company’s latest addition to its formidable portfolio of Virginia-based data centres, ACC9, situated in ‘data centre alley’. The new plant will stand at 326,000 square feet at a critical power capacity of 28.8 megawatts.
DuPont has just reported Adjusted Funds From Operations (AFFO), beating market estimates of around $0.75, with latest quarter revenue at $134.33 million against market expectations of $131.9 million.