Digital Realty has entered into a definitive agreement to acquire land in Seoul, South Korea for the development of a new, carrier-neutral data centre facility.
“Our entry into South Korea is an important milestone as we continue to expand our platform across the Asia-Pacific region,” said Digital Realty CEO A. William Stein.
“South Korea is incredibly well positioned as a digital hub and centre for innovation within the region, given the growing global demand for big data, mobile services and connected devices,” Stein said.
The site is located within the Sangam Digital Media City in northwest Seoul, a newly developed urban planning zone focused on technology and media companies, designed to promote the country’s digital economy.
The Seoul Metropolitan Government is selling the 22,000-square-foot land parcel and will support the development of up to 12 megawatts of critical IT capacity.
Construction is expected to start within the coming months and to be complete in 2021.
Upon completion, the new facility will span more than 129,000 square feet, rise 10 stories above ground and extend three stories below grade. It will offer clients connectivity with diverse fibre routes secured via strategic partners.
Mark Smith, managing director for Asia Pacific, said Seoul is the ideal location for building their first facility in the country and bringing Digital Realty’s differentiated, carrier-neutral solutions to meet pent-up local and global customer demand.
The new Seoul development will strengthen Digital Realty’s presence within the Asia Pacific region, where the company currently operates a network of data centres located in Tokyo, Osaka, Hong Kong, Singapore, Sydney and Melbourne.