Digital Realty Trust buys three London properties for £715m

Digital Realty Trust, the world’s biggest provider of real estate for data centres, has snapped up three properties in Woking, Watford and Croydon for a total of £715.6m.

(A data centre is a repository that hosts computer servers, stores and transmits information and provides backup power supplies to companies.)

While the individual prices and dimensions of each property remain unknown, the US firm said it will use the 761,000 square feet portfolio to “serve a wide variety of customers seeking institutional quality data centre space”.

Michael Foust, chief executive of Digital Realty Trust, said the firm bought the properties because of London’s reputation as a “highly strategic global data centre market”.

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