CyrusOne Confirms Fourth Data centre Facility Amid Growing Frankfurt Demand
FRANKFURT, 17 July 2020: CyrusOne Inc. (NASDAQ: CONE), a leading global real estate investment trust (REIT), announced plans to develop a state-of-the-art data centre delivering 17 megawatts of power capacity in Europe’s digital capital Frankfurt, Germany. The construction of the fourth facility in Sossenheim is driven by the strong hyperscale demand in the market. Frankfurt IV adds to CyrusOne’s existing portfolio of two operational and one shell complete data centres in the Sossenheim district with a combined power capacity of nearly 90 megawatts.
“Demand in Frankfurt continues to be driven by hyperscale providers, which accounted for 80% of the market’s take-up in 2019,” said Matt Pullen, Managing Director Europe, CyrusOne. “CyrusOne is uniquely positioned to serve the hyperscale community in Frankfurt. We have had tremendous success in the market over the last five years through selecting the right locations and deploying capital to support our customers’ requirements. Our flexibility in accommodating their needs from a design, delivery and commercial perspective allows them to execute quickly and easily.”
Upon completion, CyrusOne’s Frankfurt IV will deliver 17 megawatts of power capacity to 4,800 sq m (51,667 sq ft) of world-class technical space within a single four-storey building. The data centre follows CyrusOne’s standard design philosophy and deploys closed loop chilled-water cooling. This highly efficient system uses an air-cooled chiller technology with an integrated compressor and condenser that cools the closed loop of water, dramatically reducing water consumption during the cooling process whilst maintaining a low Power Usage Efficiency (PUE).
This latest development in Frankfurt, alongside CyrusOne’s other expansion efforts in Amsterdam, Dublin and London, reflects the strength of these European markets.
CyrusOne operates nearly 50 data centre facilities, and has presence across the United States, Europe and Asia to provide customers with the flexibility and scale to match their specific IT growth needs. The company’s European portfolio totals approximately 150 megawatts of operational facilities and sites under development across Frankfurt, London, Amsterdam and Dublin.
CyrusOne (NASDAQ: CONE) is a high-growth real estate investment trust (REIT) specialising in highly reliable enterprise-class, carrier-neutral data centre properties. The Company provides mission-critical data centre facilities that protect and ensure the continued operation of IT infrastructure for approximately 1,000 customers, including more than 200 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 nearly 50 data centres worldwide. Additional information about CyrusOne can be found at www.CyrusOne.com.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, are statements that could be deemed forward-looking statements. These statements are based on current expectations, estimates, forecasts, and projections about the industries in which we operate and the beliefs and assumptions of our management as of the date of this press release. Words such as “expects,” “anticipates,” “predicts,” “projects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “continues,” “endeavors,” “strives,” “may,” variations of such words and similar expressions are intended to identify such forward-looking statements. In addition, any statements that refer to projections of our future financial performance or operations, our anticipated growth and trends in our and our customers’ respective businesses and industries, and other characterizations of future events or circumstances, such as the development, completion, operation and leasing of Frankfurt IV and other sites under development in the European market, are forward-looking statements. Readers are cautioned these forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties, which could cause our actual results to differ materially and adversely from those reflected in the forward-looking statements. More information on these risks and uncertainties and other potential factors that could affect the Company’s business and financial results is included in the Company’s filings with the U.S. Securities and Exchange Commission, including in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the Company’s most recently filed periodic reports on Form 10-K and Form 10-Q and subsequent filings. The Company disclaims any obligation other than as required by law to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors or for new information, data or methods, future events or other changes.