Digital Realty Trust, a owner and manager of corporate datacenters and Internet gateways, today announced the acquisition of 114 Rue Ambroise Croizat in Paris, France.
The purchase price for the datacenter facility was 38 million euros. The property is currently 64% leased and consists of a 151,000 sq.ft. datacenter facility, which includes more than 76,000 sq.ft. of raised floor and over 201,000 sq.ft. that will be added to the company's inventory of space held for redevelopment, says the company.
"The acquisition of the Paris property accomplishes two important objectives for us. First, it establishes a significant footprint for DLR in this important global market with an income producing datacenter; and second, it represents an excellent opportunity for us to satisfy the demand for additional datacenter space in the Paris market with over 200,000 square feet available for redevelopment," said Michael Foust, CEO of Digital Realty Trust.