Digital Realty, a San Francisco, Calif.–based real estate investment trust, has successfully acquired a 3.5-acre land parcel in Paris for $6.9 million, on which it plans to construct a new 12-megawatt data facility.
The company has more than 200 data centers across 14 countries, on five continents.
Environmental and operational building permits for the new facility are currently in place, according to Data Economy.
“Paris is a leading technology and interconnection hub for the European region, and a key market for our global footprint,” said Andy Power, chief financial officer at Digital Realty. “This transaction sets a solid foundation for the next phase of our growth in Europe, advancing our mission of providing customers with the trusted foundation for today’s digital economy.”
