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Friday, 21 November 2008 00:00 |
Equinix is building a new 300,000 square foot data centre in London and a new 110,000 square foot data centre in Singapore. The expansions come at a time when demand in the London and Singapore markets continues to outpace supply, providing a favorable pricing environment, and as businesses are increasingly challenged to meet the growing power requirements of their IT operations.
The site selected for the London expansion (LD5), located in Slough, will augment Equinix's four other centres in the London market. It has the capacity for multiple phases, enabling Equinix to fully build out the site over time as demand warrants. Capital expenditures for the initial phase of the build out are expected to range between $80 million and $90 million, of which $60 million will be spent by the end of 2009.
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