Data center operator Digital Realty Trust has embarked on the construction of a built-to-suit data center facility for banking and financial services institution HSBC, it announced on Friday.
Expected to be completed in late 2008 and located in suburban London, UK, the facility is being constructed on a development site that was purchased by Digital Realty Trust in April 2007.
HSBC and Digital Realty Trust have signed a continuing lease contract for the facility. The companies have worked intimately in developing its stipulation to support HSBC’s security requirements, environmental goals and many other technical and business needs.
Chris Crosby, senior VP of Digital Realty Trust stated “We are very pleased to be HSBC’s partner in this major data center facility project, which will serve as the cornerstone of its IT infrastructure in the London market. This project with HSBC reflects our unique approach to partnering with companies on build-to-suit data centers, offering them control and flexibility while making these large projects very cost-effective.”
Digital Realty Trust announced last week it signed two chief leases which combined equate to approximately 210,500 square feet at projects in Santa Clara, California and Dublin, Ireland.
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