Digital Realty has completed the construction of its second facility, KIX11, on its Osaka, Japan, connected campus.
Development of the second Osaka data center was anchored by a multi-megawatt, multi-year agreement with a leading global cloud service provider for state-of-the-art capacity reached in November 2018, shortly following the grand opening of the first Osaka data center in May 2017. The facilities will be connected via dark fiber to subsequent phases of the Digital Osaka connected campus, bringing together critical data center, network, cloud and connectivity providers under a single, secure environment.
“The completion of KIX11 marks another milestone in the growth of our platform in Japan and an important step towards realizing the enormous potential of our partnership with Mitsubishi Corporation,” said A. William Stein, Digital Realty CEO. “Our Osaka connected campus will provide institutional quality infrastructure solutions at the heart of this thriving economic region for both global and Japanese clients.”
The four-story facility is reinforced with seismic isolation systems, spans over 23,000 square meters (248,000 square feet), and will deliver up to 28 megawatts of total IT capacity.
MC Digital Realty now operates four data centers in Japan — two each in the Tokyo and Osaka metros — and owns strategic land holdings in Osaka that will support the development of up to 55 megawatts of additional IT capacity. Separately, MC Digital Realty recently announced it has closed on the acquisition of a five-acre land parcel in the Tokyo area to develop a new 36-megawatt data center by 2021.
And in other news, the company announced that its operating partnership, Digital Realty Trust, has priced an underwritten public offering of $900 million of 3.6 percent notes due 2029.
The notes will be senior unsecured obligations of the operating partnership and will be fully and unconditionally guaranteed by Digital Realty Trust.
The notes were issued at 99.823 percent of par value, with a coupon of 3.6 percent and will mature on July 1, 2029.
The company intends to use the net proceeds from the offering of the notes, together with borrowings under the operating partnership’s global revolving credit facility or cash on hand, to refinance all of Digital Realty Trust
