CyrusOne Inc. (NASDAQ: CONE), a leading global real estate investment trust (REIT), announced it has broken ground on the first phase of its newest data center location in Frankfurt, Germany.
The facility is CyrusOne’s third in the Sossenheim district of the city, offering cloud providers, systems integrators and multinational corporations customized, secure and resilient data center solutions within a key business hub.
Upon completion, expected in Q2 2020, the site will comprise two adjoining, four-story buildings delivering 22 MW of IT power to 11,500 sq. m of world-class technical space. Indirect adiabatic air cooling in each data hall will ensure an extremely low Power Usage Efficiency (PUE).
“Frankfurt is one of the fastest growing and most strategically important locations for CyrusOne due to its economic strength and proximity to one of the most important European financial centers,” said Tesh Durvasula, President Europe, CyrusOne. “This will mark our third expansion facility in Frankfurt and I expect it will effectively be pre-leased by the time we complete construction next year.”
“The demand we are seeing from US hyperscalers in Europe has been tremendous and we are seeing it accelerate considerably. This development, alongside our other expansion efforts in Dublin, Amsterdam and London underscores our ambition to be the only hyperscale data center provider in Europe. I expect our European business will grow to become about 20 percent of CyrusOne’s total revenues in two years.”
The rapid construction timeline for the Frankfurt III data center is made possible by CyrusOne’s extensive experience building more than 45 data centers worldwide. CyrusOne is using a modular construction method and will work closely with valued partners including Mercury and Klein Architekten.
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CyrusOne (NASDAQ: CONE) is a high-growth real estate investment trust (REIT) specializing in highly reliable enterprise-class, carrier-neutral data center properties. The Company provides mission-critical data center facilities that protect and ensure the continued operation of IT infrastructure for approximately 1,000 customers, including more than 210 Fortune 1000 companies.
With a track record of meeting and surpassing the aggressive speed-to-market demands of hyperscale cloud providers, as well as the expanding IT infrastructure requirements of the enterprise, CyrusOne provides the flexibility, reliability, security, and connectivity that foster business growth. CyrusOne offers a tailored, customer service-focused platform and is committed to full transparency in communication, management, and service delivery throughout its more than 45 data centers worldwide. Additional information about CyrusOne can be found at www.CyrusOne.com.