€20.5 mln (£15 mln) datacenter to be built at Slough Estate Trading Estate (UK)

Slough Trading Estate today announced that IXEurope plc will locate its largest London datacenter on the estate, representing an initial investment of around €20.5 mln (£15 mln). Prior to handing the building over to IX Europe the Slough Trading Estate will itself invest over €8.2 mln (£6 mln) on what is currently a vacant site.

One of Europes largest and fastest growing datacenter outsourcers, IX Europe has signed a 20 year lease and construction agreements with Slough Trading Estate for a facility of almost 7,432.2 m² (80,000 sq ft). Construction of a specially built shell for the London4 IXDatacentre will begin this summer.

Stephen Bailey, Regional Director of Slough Trading Estate commented:
"We are delighted that IXEurope has chosen a location on the trading estate. Our ability to meet all of the power supply requirements for this specialist use, in addition to the broad package of benefits on offer to our customers, such as our excellent transport links, award-winning security and IT and cable infrastructure, ensure that Slough Trading Estate is a leading location for business continuity."

Russell Poole, UK General Manager of IXEurope added:
"The requirement to fund this expansion was a significant element in our decision to float earlier this year. We have successfully placed major anchor customers in each of the three new IXDatacentres we acquired elsewhere over the past 12 months and given the current traction of our UK operation, we are confident of a similar result when we open this London4 IXDatacentre in H1 2007."

Willcocks Web represented Slough Trading Estate for the deal, whilst CB Richard Ellis acted for IXEurope.

Source: Slough Estates

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