£12m development underway at NGD Europe data centre
Next Generation Data has announced a £12m development plan to build a further seven data halls at NGD Europe, the data centre it opened near Cardiff last year.Due for completion by the end of 2011, the expansion project is being funded by shareholders and follows new tenancy agreements worth over £20m signed this year with several blue chip multinational organisations. This includes the company’s first contract with a Technology based Fortune 100 US headquartered corporation.
Next Generation Data’s expansion strategy will ensure it continues to maximise the opportunity for providing secure space, power and cooling infrastructure to a growing list of corporate customers. Recently the company secured £5m of debt finance from investors including Lombard and Finance Wales.
‘Our initial custom built halls are now fully occupied on long term contracts and we have a very strong customer pipeline, both in terms of new customers and repeat business from our existing client base,’ said Simon Taylor, chairman, Next Generation Data. ‘The main driver for building the additional data hall capacity this year is to meet demand from large organisations based in Europe and, increasingly, North America where our targeted US sales strategy is clearly starting to pay off handsomely. We are able to offer them the highly secure world class facilities they require, located well away from the space, power and security issues associated with the London area.’
The Next Generation Data facility comprises three phases of 140,000ft2 (raised floor), with a total capacity of 420,000ft2. The five principal contracts signed thus far account for approximately one third of the first phase, with a further third currently in discussion [or under Non Disclosure Agreements] with potential occupiers. The data centre has the benefit of 90MVA of contracted power available to site, with further power available. With the power and shell in place, and much of the infrastructure already in situation, data halls can be constructed in as little as 22 weeks from Exchange of Contracts.