Global Switch has record last quarter

Global Switch has record last quarter

Release date: 25.10.2010

Global Switch has had a record quarter for new lettings. It has signed up an aggregate of 92,000 sq ft (8,500 sq m) of data centre space with over 10MW of power allocation across five of its data centres in Amsterdam, London, Madrid, Singapore and Sydney.

This space and power equates to a single, new data centre in its own right. Global Switch is the leading data centre owner/operator in Europe and Asia Pacific.

John Corcoran, Executive Chairman of Global Switch, commented: "Securing contracts with this amount of new lettings is a further endorsement of the Global Switch data centre network in Europe and Asia-Pacific.

"The increasing content-rich nature of the internet, the demands of financial trading technologies and the data management requirements of governments are creating unprecedented demand for data centre facilities that offer low latency networking, robust infrastructure and high power capacity.

"Businesses, finance houses and government institutions will only outsource to proven world-class data centre operators that can meet power density requirements and future expansion plans. Global Switch meets and exceeds this expectation across its property portfolio."

The new lettings were taken by seven customers, four of which were existing customers.  They comprised a leading software and services corporation, a major UK telecommunications company, the world's largest wireline telecommunications and broadband services provider, government departments in Australia and a global systems integrator.

In response to strong growth in demand over the last few years, Global Switch has undertaken construction of a second data centre in Paris which is being built on an adjacent site to the existing Global Switch centre to create the city's leading data centre campus of 540,000 sq ft (50,000 sq m), and a 43,000 sq ft (4,000 sq m) extension to its Singapore centre with 4MW of power, the latter of which completes shortly.  In addition Global Switch is in the final stage of seeking planning approval for new data centres in Amsterdam, Singapore and Sydney.  These new developments are all expected to commence construction over the next twelve months.  Global Switch has the support of its shareholder, Aldersgate Investments Limited (a Reuben Brothers company) which has provided funding (together with Global Switch) for the data centres currently under construction.  Global Switch will fund the additional new data centres from its own resources.

Global Switch is a Reuben Brothers company.


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