Part of $387M investment across multiple sites in London to support interconnection growth in top global market
REDWOOD CITY, Calif. and LONDON, Nov. 19, 2018 /PRNewswire/ -- Equinix, Inc. (Nasdaq: EQIX), the global interconnection and data center company, today announced it will build a new International Business Exchange™ (IBX®) data center at its London Slough campus. The data center – called LD7 – will provide interconnection and colocation to businesses to support their IT transformation initiatives and adoption of the cloud while supporting the digital infrastructure of the UK. The data center will cost approximately $120M (£90M) and scheduled to open Q2 2019.
The new data center will bring the company's UK portfolio to 12 IBXs and supports increasing demand for interconnection bandwidth capacity from UK enterprises looking to gain a competitive advantage in the digital economy. These data centers are built on Platform Equinix™ which is comprised of 200 data centers in 52 markets globally. Including current expansion projects, Equinix will have invested over $1.2 billion to build and expand its presence in the London metro area.
This sizeable investment is an indicator of Equinix's confidence in the future of London as Europe's major financial hub and one of the world's greatest commercial cities, regardless of the outcome of the ongoing negotiations around the UK's departure from the European Union. The investment has been acknowledged by the UK Government as a positive contribution to the UK's continued success in global business.
As part of Equinix's commitment to its long-term goal of using 100% clean and renewable energy and lowering its carbon footprint for its global platform, LD7 has been designed to provide an energy-efficient foundation on which customers can accelerate their business in this era of digital transformation. As a result, the LD7 data center will be built to LEED gold certified standards.
Highlights/ Key Facts
"London is one of the most important connection points in the world and we expect this growth to continue as the city continues to play a crucial role in powering the global digital economy. LD7 will be one of the most technologically advanced colocation data centers in the world and will be a major addition to our thriving London Slough campus. This latest data center will also act as a sustainability benchmark for future data centers – something we are very passionate about."
Equinix, Inc. (Nasdaq: EQIX) connects the world's leading businesses to their customers, employees and partners inside the most interconnected data centers. In 52 markets worldwide, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies. http://www.equinix.com/
Forward Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from expectations discussed in such forward-looking statements. Factors that might cause such differences include, but are not limited to the risks described from time to time in Equinix's filings with the Securities and Exchange Commission. In particular, see Equinix's recent quarterly and annual reports filed with the Securities and Exchange Commission, copies of which are available upon request from Equinix. Equinix does not assume any obligation to update the forward-looking information contained in this press release.
Equinix and IBX are registered trademarks of Equinix, Inc.
International Business Exchange is a trademark of Equinix, Inc.
SOURCE Equinix, Inc.