Equinix Acquires Hamburg Data Center

HAMBURG, GERMANY – Equinix has closed a transaction for the purchase of a commercial building at Vierenkamp 1, Hamburg, Germany, from Aspen REG 1. Management GmbH for $11 Million USD (€9 million). Equinix will invest another $25 Million USD (€22 million) to redevelop the space in phase one. The facility, which will be renamed the Equinix HH1 International Business Exchange data center, will extend the company's global interconnection platform, Platform Equinix, into a fourth market in Germany. The new will commence operations in Q3 2019. “The German economy continues to be a source of strength in Europe, and demand for interconnection continues to rise to meet the IT transformation needs of businesses.  By expanding to a fourth market in Germany, Equinix will provide multinational customers with greater choice of where they build their digital edge,” said Eric Schwartz, President for Europe, the Middle East, and Africa at Equinix. The Hamburg metro area is the second-largest city in Germany and is home to a growing technology community, including many e-commerce companies. The new HH1 IBX data center will be strategically located in proximity to the North Sea, which will provide easy access for sub-sea cable landing stations. Equinix has won more than 20 subsea cable landing deals in recent years. Equinix will refurbish an existing two-story industrial building, which is approximately 130,000 square feet (12,000 square meters), and transform the space into an interconnection and carrier-neutral colocation environment. The redevelopment will…