The investment in land comes nine months after Digital Realty announced the expansion of its Australia operations with the opening of a new data centre at Erskine Park in Sydney and plans for further land acquisitions and a third facility, bringing total investment in Australia to more than $1 billion.
The South Korean investment, with Digital Realty entering into a definitive agreement, involves the purchase of a 22,000 square foot land parcel being sold by the Seoul Metropolitan Government and will support the development of up to 12 megawatts of critical IT capacity.
The site is located within the Sangam Digital Media City in northwest Seoul, a newly developed urban planning zone focused on technology and media companies, designed to promote South Korea’s digital economy.
Digital Realty says that on completion, the new facility will span more than 129,000 square feet and will rise 10 stories above ground.
“Our entry into South Korea is an important milestone as we continue to expand our platform across the Asia Pacific region,” said Digital Realty chief executive officer A. William Stein.
“South Korea is incredibly well positioned as a digital hub and centre for innovation within the region, given the growing global demand for big data, mobile services and connected devices. Our investment in Korea demonstrates our commitment to powering our customers’ digital ambitions across a truly global platform.”
Mark Smith, managing director, Asia Pacific for Digital Realty said, “South Korea is one of the largest data center markets in the region, and we are pleased to be able to help drive the country’s digital transformation and bring value to our customers in the region and around the world.
“With a population of more than 25 million, the Seoul Capital Area is one of the largest metropolitan areas in the world and home to half of all the residents in South Korea.
“It’s the ideal location for building our first facility in the country and bringing our differentiated, carrier-neutral solutions to meet pent-up local and global customer demand.”