Digital Realty’s 50/50 joint venture with Mitsubishi Corp. — MC Digital Realty — has closed on the acquisition of a five-acre land parcel in Tokyo, at the center of the Inzai data center cluster, one of highest-density areas in Japan with well-established utility and connectivity infrastructure.
Demolition of the existing structure on the site will begin immediately and data center development is expected to commence in 2020, subject to planning approvals.
The initial facility (NRT10) is expected to deliver over 35 megawatts of total IT capacity to global and regional clients by 2021.
“We are very pleased to close on this exciting new growth opportunity in Tokyo. Through MC Digital Realty, we are powering our customers’ digital ambitions in Japan, with state-of-the-art future capacity in Tokyo, a longtime target market and one of the top financial and technology hubs in the Asia Pacific region,” said A. William Stein, Digital Realty CEO.
“This important milestone enables us to continue executing upon our mission of providing our customers the trusted foundation for the digital world,” Stein said.
Mark Smith, Digital Realty managing director for Asia Pacific, said the transaction represents an important step in the next phase of their growth strategy in Japan.
“This new land parcel will provide us with a solid foundation for our platform in Japan, enabling us to continue to support years of customer expansion, while broadening our positive impact on the local digital economy,” Smith said.
In the Asia Pacific region, Digital Realty operates a network of data centers located in Singapore, Hong Kong, Osaka, Tokyo, Melbourne and Sydney.
MC Digital Realty provides clients in Japan a secure, globally connected and efficiently run platform for hosting their digital assets.