CyrusOne To Expand Frankfurt Capacity with Fifth Data Center
FRANKFURT, 22 NOVEMBER 2021: CyrusOne Inc. (NASDAQ: CONE), a leading global real estate investment trust (REIT), today announced the purchase of land in Hanau, East of Frankfurt, for the construction of a state-of-the-art data center facility with incoming power of 90MW and a critical power capacity of 63MW. This will be its fifth data center in Europe’s digital capital.
Upon completion, Frankfurt V will deliver 18,000 sq m of world class technical space within two separate three-story buildings, each with a critical power capacity of 31.5MW. The facility will be built with a low PUE through the use of a closed loop water cooling system and other sustainable specifications to reduce water usage and impact on the local ecology over the lifecycle of the data center. The earliest phase of construction is planned for Q2 2023 with the first phase of 9MW of capacity or more delivered Q3 2024.
“Take-up in capacity by hyperscalers continues to drive significant demand for data center needs across Europe, resulting in near record levels of construction pipeline, particularly in Frankfurt,” said Matt Pullen, EVP and Managing Director Europe, CyrusOne. “CyrusOne has enjoyed remarkable success in the region and a fifth site in Frankfurt signals our experience in this market and our capability to consistently deliver mission critical capacity and capabilities that our customers have come to depend on.”
CyrusOne operates more than 50 high-performance data centers worldwide to provide customers with the flexibility and scale to match their specific IT growth needs. The company’s European portfolio accounts for nearly 218 MW across Frankfurt, London, Amsterdam, Paris and Dublin, inclusive of operating data centers and active developments.
CyrusOne (NASDAQ: CONE) is a high-growth real estate investment trust (REIT) specializing in highly reliable enterprise-class, carrier-neutral data center properties. The Company provides mission-critical data center 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 centers 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 V 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.