Targeted Market Segment Growth Driving Demand
Interxion Holding N.V. (NYSE:INXN), a leading European provider of cloud and carrier-neutral colocation data centre services, today announced that, in response to continued customer demand, it will expand existing facilities in four cities: Marseille, Paris, Vienna, and Dusseldorf. These builds will add a total of approximately 3,900 square metres (sqm) of equipped space and approximately 5 MW of customer power.
“Interxion continues to experience solid demand across its targeted market segments. These four expansions represent a diversity of demand with strength in cloud, connectivity, financial services and digital media,” said David Ruberg, Interxion’s Chief Executive Officer. “We continue to deploy capital based on demand while strategically building our Communities of Interest across our footprint.”
Interxion will expand its data centre in Marseille (“MRS1.2”). The incremental capacity is in addition to the approximately 900 sqm added in 2015 and is expected to provide approximately 800 sqm of equipped space and more than 1 MW of customer power. MRS1.2 is scheduled to open in the third quarter of 2016. The capital expenditure associated with MRS1.2 is expected to be approximately €10 million.
In Paris, Interxion will expand its PAR7 data centre through a phased build (“PAR7.2”) adding approximately 1,100 sqm of additional capacity to meet existing customer orders. This phase is scheduled to become operational in the second quarter of 2017. The capital expenditure associated with the initial phase of PAR7.2 is expected to be approximately €14 million.
In Vienna, Interxion will expand its VIE2 data centre. When completed, this phase (“VIE2.6”) will add incremental capacity of approximately 1,400 sqm and approximately 3 MW of customer power to VIE2. This capacity will be added in sub-phases with the initial sub-phase scheduled to become operational in the fourth quarter 2016 and the build continuing through the third quarter 2017. The capital expenditure associated with this expansion of VIE2 is expected to be approximately €23 million.
In Dusseldorf, Interxion will construct the second phase of its DUS2 data centre (“DUS2.2”). This connectivity-rich market continues to draw interest from Digital Media companies and serves as a dual site market for larger German enterprises. DUS2.2 will add approximately 600 sqm of equipped space and is scheduled to become operational in the second quarter of 2016. The capital expenditure associated with DUS2.2 is expected to be approximately €3 million.
The anticipated capital spend in 2016 for these projects is included in the 2016 capital expenditure guidance provided by the Company on the accompanying Q4 and Full Year 2015 Results press release.