Digital Realty Trust has completed the acquisition of a data centre portfolio in the Paris area, from Bouygues Telecom.
Digital Realty Trust has completed the acquisition of a data centre portfolio in the Paris area, from Bouygues Telecom.
The purchase price for the three assets in the portfolio was €60 mln.
Structured as a sale-leaseback transaction, Bouygues Telecom has signed long-term, triple net leases with Digital Realty for all three facilities. The portfolio consists of one Tier III+ facility at Montigny-le-Bretonneux and two Tier III facilities in Bievres and Saclay. The properties total 87,000 rentable sq ft (8,000 m2), with nearly five megawatts of IT capacity.
Bouygues Telecom will continue to operate and maintain the facilities, which represent core infrastructure assets for its business.
'The acquisition of this institutional-quality portfolio further expands our footprint in this key European market and, equally important, adds a new network and IT service provider to our global customer base,' said Michael Foust, Chief Executive Officer of Digital Realty.
'Similar to the Sentrum portfolio in London that we acquired in July 2012, this is a continuation of our strategy of expanding our European footprint by acquiring high-quality, operating data centre facilities that are home to top tier global brands,'
added Scott Peterson, Chief Acquisitions Officer of Digital Realty.
