Digital Realty And Savvis Joint Venture Completes Acquisition Of Hong Kong Data Centre

Digital Realty And Savvis Joint Venture Completes Acquisition Of Hong Kong Data Centre PR Newswire SINGAPORE, July 16, 2012 SINGAPORE, July 16, 2012 /PRNewswire/ -- Digital Realty Trust, Inc. (NYSE: DLR), a leading global provider of data centre solutions, and Savvis, a CenturyLink company (NYSE: CTL) and global leader in cloud infrastructure and hosted IT solutions for enterprises, announced today the completion of the joint venture acquisition of a 164,000-square-foot (15,236-square-meter) facility in Hong Kong. This acquisition represents Digital Realty's entrance to the Hong Kong market, while building on Savvis' existing local presence there. "We are very pleased to complete the acquisition of our first Hong Kong property with Savvis, our joint venture partner," said Michael F. Foust, chief executive officer of Digital Realty. "We look forward to redeveloping the facility to provide enterprise-quality data centre space to this important global market." "The completion of this acquisition with Digital Realty helps us further address demand for managed services, colocation and cloud solutions in the high- growth Hong Kong market," said Mark Smith, managing director, Asia, for Savvis. "Through this joint venture, Savvis will utilize capacity within the facility to provide our customers with network, managed IT and cloud services." The data centre facility is located at Tseung Kwan O Industrial Estate in New Territories, approximately 12 miles from downtown Hong Kong.