Iron Mountain will acquire a data center to accelerate its expansion in Frankfurt, one of Europe’s most strategic and competitive markets. It will buy a 10-megawatt facility from a Keppel affiliate for $90 million (EUR 76 million).
Iron Mountain has signed a 27-megawatt lease for a new data center in Frankfurt, serving notice that it has joined the top tier of developers that can provide capacity to the largest clients.
In the European data center business, the focus is on FLAP – short for Frankfurt, London, Amsterdam and Paris. DCF talks with Iron Mountain’s Eric Boonstra about hyperscale trends in these markets.
European data centers are preparing contingencies for a potential “no deal” Brexit, which could impact everything from energy pricing to delivery of generators. But the runup to Brexit has been a period of surprisingly strong investment in digital infrastructure.
Equinix will form a joint venture with Singapore’s sovereign wealth fund GIC to build six new hyperscale data centers in Europe. The JV will target the FLAP markets of Frankfurt, London, Amsterdam and Paris.
In a major deal between the industry’s two largest players, Digital Realty has agreed to acquire eight data centers being divested by Equinix as part of the colocation firm’s deal to buy Telecity Group.