iTechGuides is reader-supported. When you buy through links on our site, we may earn an affiliate commission. As an Amazon Associate I earn from qualifying purchases. Learn more
Digital Realty agreed to buy eight Equinix data-center assets in Europe for $874.4 million on May 16, 2016; Equinix announced that the sale closed on July 5, 2016. Equinix said the divestiture was required for European Commission approval of its TelecityGroup acquisition.
Why did Equinix sell the eight data centers?
Equinix said the European Commission required the eight-asset divestiture as a condition of approving its acquisition of TelecityGroup, which had closed in January 2016. The $874.4 million sale agreement was announced on May 16, 2016. Equinix’s July 5 closing announcement gave the completed sale’s value as approximately $874 million, a rounded figure for the same transaction. Equinix’s May 16 announcement and July 5 closing announcement describe the rationale and completion.
Which facilities were included?
The portfolio comprised five facilities in London, two in Amsterdam, and one in Frankfurt. Equinix identified the sites in its transaction announcements.
Recommended Free Tools
| City | Facilities included in the 2016 sale | Number |
|---|---|---|
| London | Bonnington House; Sovereign House; Meridian Gate; Oliver’s Yard; West Drayton | 5 |
| Amsterdam | Science Park; Amstel Business Park I | 2 |
| Frankfurt | Lyonerstrasse | 1 |
The named sites and transaction context are listed in Equinix’s sale announcement; its closing release confirmed the sale.
#1 Best Overall
- Save valuable floor space: 6U wall mount server cabinet Dimensions: 13.78" H x21.65" W x17.72" D.Maximum mounting depth is 14.2"
- Keep critical network equipment secure: glass door and side panels are lockable to prevent unauthorized access. Front door can be installed on either side of the front of the cabinet to satisfy your door swing orientation preference
- Easy equipment configuration: Fully adjustable mounting rails and numbered U positions, with square holes for easy equipment mounting with top and bottom punch-out panels for easy cable access
- Durability: Made of high quality cold rolled steel holds up to 110lb (50kg) (Easy Assembly Required)
- PCI & HIPPA and EIA/ECA-310-E compliant
What did Digital Realty say it was buying?
In its May 16, 2016 announcement, Digital Realty described the portfolio as approximately 24.4 megawatts of IT load serving more than 650 clients. It also reported a weighted-average remaining lease term of approximately 23 years for seven leasehold interests, including contractual extension options; the eighth facility was acquired as a fee interest. These are transaction-era figures disclosed in the announcement, not current capacity, customer counts, or lease terms. Digital Realty’s announcement was filed with the U.S. Securities and Exchange Commission: SEC-filed announcement.
Was the Paris data center part of the eight-site sale?
No. The St. Denis facility and associated operating business in Paris were a separate arrangement, not one of the eight divested sites. In May 2016, Equinix said it had an option to acquire the property and business from Digital Realty; the site was associated with Equinix’s PA2 and PA3 data centers. On July 5, Equinix announced a separate purchase agreement for the Paris operating business and real estate at €189.75 million, approximately $211 million, subject to formalities and then expected to close in the third quarter of 2016. The cited announcement establishes those announced terms, but not the arrangement’s ultimate closing date or present-day status. See the May announcement and the July announcement.
Rank #2
- Save valuable floor space: 12U wall mount server cabinet Dimensions: 24.25" H x21.65" W x17.72" D. MAXIMUM MOUNTING DEPTH is 14.2".
- Keep critical network equipment secure: glass door and side panels are lockable to prevent unauthorized access; Front door can be installed on either side of the front of the cabinet to satisfy your door swing orientation preference
- Easy equipment configuration: Fully adjustable mounting rails and numbered U positions, with square holes for easy equipment mounting with top and bottom punchout panels for easy cable access
- Durability: Made of high quality cold rolled steel holds up to 110lb (50kg) (Easy Assembly Required)
- PCI & HIPPA and EIA/ECA-310-E compliant
What the 2016 announcements establish—and what they do not
The transaction announcements document the sale’s timing, consideration, cities, named facilities, and the buyer’s reported portfolio metrics at the time. They do not establish the eight facilities’ current branding, ownership structure, utilization, or capacity. Those later operating details should not be inferred from the 2016 transaction figures.
Do these 3 things before closing this tab:
1Repair Windows errors before they cause bigger problems2Scan for outdated or missing drivers - takes under a minute3Clear out junk files and repair common Windows errorsQuick Recap
Rank #3
- Sturdy:4u server rack is construct from cold rolled steel, with a weight capacity of 110lbs(50kg); Electrostatic powder coat prevents rust and corrosion,quality finish
- Direct use:Open and use, not having to assemble it.Network rack can be placed flat or mounted on the wall,also can be installed vertically under the table
- Design Features:maximum mounting depth of 14 in,cables can be fixed on the side panel;Open frame server rack achieves effortless inspection, replacement and assemble
- Installation:wall mount network rack is easy to install,with instructions or videos for reference;Equipped with multiple accessories, suitable for different needs
- Application:EIA/ECA-310-E Compliant;wall mounted 4u rack fits all 19" racks and cabinets to hold various IT, network, and AV equipment;wall mount rack available in 4U, 6U, and 8U to choose
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
