The Reuben Brothers (RB) are joint controllers of Global Switch, the leading owner, operator and developer of large-scale, multi-customer, carrier and cloud neutral, data centre properties in Europe and Asia-Pacific. RB had wholly owned Global Switch since 2007, until the sale of 49% equity in December 2016 to a consortium of leading Chinese corporate and institutional investors. A further 24.99% stake was sold in July 2018 to another consortium, comprised of follow-on investment from existing Global Switch institutional and private investors, as well as new stakeholders. RB now owns 24.01% of the company.
The company, established in 1998, has held an unrivalled track record in delivering best-in-class data centre solutions. The data centres are exclusively located in Tier 1 markets, which are key business and connectivity hubs, close to central business districts. Global Switch is a strategic partner for customers that require data centre capacity with redundant 24x7x365 power and cooling, high levels of connectivity, security and sophisticated infrastructure and environmental monitoring to house their computer servers, network equipment and IT infrastructure. Global Switch’s customers are global to national, large and small including government organisations, financial institutions, enterprises, cloud service providers, global systems integrators, telecommunication carriers, managed service providers and other hosting businesses.
In 2014, Global Switch became the highest credit rated data centre company in the world, when Fitch gave the company an upgrade to its credit rating to BBB+ from BBB. Moody’s also upgraded its long term issuer rating for Global Switch to Baa2 from Baa3. Standard & Poor’s maintained its credit rating at BBB.
At a Glance:
- Eleven world class data centres in key markets: seven are located in Europe – in London (two), Amsterdam, Frankfurt, Paris (two) and Madrid – with data centres in Hong Kong, Singapore and Sydney(two) serving the Asia-Pacific market
- Eight data centres, either planned as new or as expansions (four underway already), seven in existing locations and one in a new location (Shanghai)
- Joint venture agreement entered into with Daily-Tech Beijing Co., Ltd to develop a new data centre in Shanghai
- 3.65m sq ft (340,000 sq m) of gross area across the portfolio
- All data centres are owned or on long term leases
- Investment grade credit ratings received from Fitch, Moody’s and Standard & Poor’s
- Unrivalled power with multiple layers of redundancy
- Network dense, low latency environments
- State of the art security and monitoring systems in place 24x7x365
- Data centres are operated to a Tier III+ standard
- Better than 99.999% historical uptime reliability across the portfolio
- Customer base includes many of the world’s leading companies, diversified by both industry and geography
- Strong management team with significant industry experience
- Best-in-class operating procedures and practices, including ISO 9001, 14001, 18001 and 27001 certifications for all data centres
The data centre industry has experienced significant growth in recent years and continues to experience considerable demand for space due to a number of factors including: the growth of the internet, rising numbers of users who are expecting more on demand information and richer content, the increase of cloud computing technology, the continued growth of outsourcing, and the on-going introduction of regulation and legislation around the storage of data.
Global Switch is part way through a significant global expansion plan with the scope to double the aggregate power capacity available across the portfolio. Following completion of the first stages of a planned major expansion to its Amsterdam data centre in January 2014, and the Tier III+ Sydney East data centre in August 2014, the first stage of the new Hong Kong data centre was launched in December 2017. Further developments are also underway in both existing and new markets including:
Global Switch is planning to expand its existing Amsterdam data centre by a further 28,000 sq m (300,000 sq ft) which will increase the overall size to 69,000 sq m (740,000 sq ft) with 100MVA of utility power supply capacity. Stage 1 of the 29,600 sq m planned expansion became operational in early 2014.
Global Switch has started construction of its second data centre, Frankfurt North, on its existing campus following a substantial pre-commitment with Daily-Tech Beijing Co. Ltd. This new data centre will be joined to the existing Frankfurt South data centre by a shared reception and provide 11,000 sq m (115,000 sq ft) gross space with 14MVA of utility power supply capacity. Frankfurt North is due to launch in 2019..
Following a major pre-commitment with Daily-Tech Beijing Co. Ltd, (whose end customer is China Telecom Global) Global Switch launched the first stage (Buildings 1 & 2) of its new Tier III+ data centre in Hong Kong, located on the Tseung Kwan O Industrial Estate. The data centre which marks the company’s entry to the Hong Kong market is the eleventh in Global Switch’s portfolio. The data centre will offer 71,000 sq m (765,000 sq ft) gross space with 100MVA of utility power once all stages are complete. The world class data centre has been designed to best-in-class environmental credentials and is targeting a LEED (Leadership in Energy and Environmental Design) Gold Rating and a Hong Kong Green Building Council’s BEAM Plus Platinum rating. Due to market demand, construction of Stage 2 has already commenced and Building 3 is on target to launch in early 2019, whilst completion of Buildings 4 & 5 due later that year.
In a further substantial pre-commitment Daily-Tech Beijing Co., Ltd will become Global Switch’s first customer at a data centre in Woodlands, a suburb in the northern part of Singapore, approximately 15km from the existing 26,500 sq m (285,000 sq ft) Global Switch data centre in Tai Seng Avenue. The new 25,000 sq m (270,000 sq ft) data centre will have 30MVA of utility power and will be a leading example of an environmentally sustainable data centre. The data centre is due to launch at the end of 2018.
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