Digital Realty Trust, Inc. And CenturyLink, Inc.'s Savvis Enter Joint Venture Partnership To Acquire Redevelopment Property Located In Tseung Kwan O Industrial Estate

Digital Realty Trust, Inc., a global data centre solution provider, and Savvis, a CenturyLink, Inc. company and a cloud infrastructure and hosted IT solutions for enterprises, announced that they are under contract to acquire a 165,000-square-foot (15,247-square-meter) property in a joint venture. Subject to certain conditions, the acquisition is expected to close in the second quarter of 2012. The property is located at Tseung Kwan O Industrial Estate in New Territories, approximately 12 miles from downtown Hong Kong. Upon redevelopment, the building will be capable of supporting approximately 5.76 megawatts of IT load capacity. The joint venture will provide next generation, large colocation and managed/cloud services aligned with the Hong Kong government's Digital 21 Strategy of making Hong Kong a data centre hub for cloud services.