Interxion, a Digital Realty company, has acquired the freehold to the land under its Hanauer Landstrasse campus in Frankfurt, Germany. Interxion now owns the freehold to all 15 data centers on its Frankfurt campus.
The site includes nine Interxion data centers previously subject to leasehold agreements with approximately nine years of remaining lease term, along with Interxion's German headquarters office as well as several buildings currently leased to other customers.
Separately, Interxion has reached an agreement to acquire an expansion parcel, formerly known as the Neckermann property, within approximately 1 kilometer (0.6 miles) of the Hanauer Landstrasse campus. The expansion parcel totals 107,000 square meters (1.1 million square feet) that will support the development of up to 180 megawatts of additional IT capacity and will be fully connected to the existing campus. The Neckermann property acquisition is expected to close in two stages, with final transfer of