Posted by: Dedicated Servers in Uncategorized, tags: Acquisition, Amp, Disney, Enfield North London, Fit, Gratte Brothers, Obsidian, Partnership, Planning Consent, Power Density, Principle, Space Structure, Sq Ft, Structure Tone, Tier 3, virtus
Virtus Data Centres, the data centre operating entity of Obsidian, have announced that they have completed on their all cash purchase of a 40,000 sq ft building in Enfield, North London for the development of our new 60,000 sq ft Tier 3 data centre facility. Having completed the purchase and secured specific planning consent for use as a Data Centre, Virtus have now triggered the installation of the 8MVA from EDF.
The facility designed by Norman Disney and Young will have a power density of 1.72kw per sq m across 25,193 sq ft (2,341 sq m) of net technical space. Structure Tone, in partnership with Gratte Brothers, has been formally appointed as the principle contractor and will be responsible for the entire construction and M&E fit out.
Source: Virtus
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Posted by: Coreix in Uncategorized, tags: colo, colocation, coreix, data center, data centre, datacenter, datacentre, dc, london, recession, virtus
Digital Realty Trust is living in a different world than most of the rest of the commercial real estate industry. The locally based data centre REIT’s 11-million sq ft operating portfolio is 95% leased, demand appears high and new average rents are three-times higher than expiring rents. “Despite the deepening economic downturn, DLR is seeing solid pricing and demand in almost all regions and sectors,” JMP Securities Analyst Will Marks said in a client note. “This is difficult for many to fathom, particularly in light of what happened to the data centre market during the last downturn and the severity of this global recession in comparison to the last one.”
“Today, data centres are used by a wide variety of companies, from startups to well-established giants, and are now a necessity for businesses in every sector,” Marks writes. Looking ahead, despite a constrained supply of data centres and sufficient liquidity to develop and meet debt maturities over the next two years, Digital Realty is holding back on pursuing this demand in order to maintain a strong balance sheet with a liquidity cushion, Marks reports. While it may not speculate it certainly will be willing to develop freely on a build-to-suit basis with strong tenants, and Marks thinks the demand will be there.
Source: Globe Street
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