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Property News

NAB leases building from Digital Realty Trust

November 23, 2011

National Australia Bank (NAB) has leased a new 5,000 sq m data centre in Melbourne- the first of two buildings - from Digital Realty Trust, a company that specialises in the construction of data centres.

According to Kris Kumar, Asia-Pacific regional head for Digital Realty Trust, the company is addressing the problem of limited supply of ''resilient, scalable data centre space available to meet customer demand'' in Melbourne. A second Tier 3-certified data centre will be constructed to meet demand in Sydney and will be located at Erskine Park.

Australia's two largest cities suffer from a limited supply of space for large commercial properties, such as data centres, Kumar explained.

Chief executive officer for Digital Realty Michael F Foust, expressed pleasure at the new partnership between NAB and his organisation, saying: ''It represents both our long-term customer commitment as well as our long term investment strategy in the Australian data centre market.''

More than 40,000 people around the world are employed with NAB, which operates an estimated 1,800 branches.

In addition to its financial services operations in Australia, NAB also has businesses in North America, Great Britain, New Zealand and across the Asia-Pacific region.

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