-- Strengthens Growing Presence in Top-Tier Global Data Center Market

Digital Realty (NYSE: DLR), a leading global provider of data center, 
colocation and interconnection solutions, announced today that MC Digital 
Realty, a 50/50 joint venture between Mitsubishi Corporation and Digital 
Realty, has reached an agreement to acquire a five-acre land parcel in Tokyo.  
The site is located at the center of the Inzai data center cluster, one of 
highest-density areas in Japan with well-established utility and connectivity 
infrastructure, and home to leading global cloud providers and financial 
institutions.  Demolition of the existing structure on the site will begin 
immediately after closing and data center development is expected to commence 
in 2020, subject to planning approvals. The initial facility is expected to 
deliver up to 35.6 megawatts of total IT capacity.  

"We are pleased to be procuring land through MC Digital Realty to power our 
customers' digital ambitions in Japan, with state-of-the-art future capacity in 
Tokyo, a longtime target market and one of the top financial and technology 
hubs in the Asia Pacific region," said Digital Realty Chief Executive Officer 
A. William Stein.  "Public cloud growth, surging demand for data center 
solutions and a mature technology infrastructure market make Japan a highly 
attractive market poised for rapid growth over the next several years.  This 
milestone will enable us to continue executing upon our mission of providing 
our customers the trusted foundation for the digital world."  

Mark Smith, Digital Realty Managing Director, Asia Pacific, added, "Tokyo is 
one of the most important data center markets in the world.  This transaction 
will provide us with a solid foundation for our next phase of growth in Japan, 
enabling us to continue to support years of customer expansion, while 
broadening our positive impact on the local economy."  

In the Asia Pacific region, Digital Realty operates a network of 
industry-leading data centers located in Singapore, Hong Kong, Osaka, Melbourne 
and Sydney.  The Tokyo land parcel acquisition builds upon Digital Realty's 
investment in and commitment to Japan.  MC Digital Realty provides clients in 
Japan a secure, globally connected and efficiently run platform for hosting 
their digital assets, combining the technical and Japanese pedigree of 
Mitsubishi Corporation with Digital Realty's global data center leadership and 
expertise.  The Tokyo land parcel acquisition is expected to close later this 
year and is subject to customary closing conditions.  

About Digital Realty 
Digital Realty supports the data center, colocation and interconnection 
strategies of more than 2,300 firms across its secure, network-rich portfolio 
of data centers located throughout North America, Europe, Asia and Australia.  
Digital Realty's clients include domestic and international companies of all 
sizes, ranging from cloud and information technology services, communications 
and social networking to financial services, manufacturing, energy, healthcare, 
and consumer products.  www.digitalrealty.com

For Additional Information 
Andrew P. Power 
Chief Financial Officer 
Digital Realty 
+1 (415) 738-6500

Investor Relations 
John J. Stewart / Maria S. Lukens 
Digital Realty 
+1 (415) 738-6500 
investorrelations@digitalrealty.com

Media Inquiries 
John Christiansen / Scott Lindlaw 
Sard Verbinnen & Co. 
+1 (415) 618-8750

Safe Harbor Statement 
This press release contains forward-looking statements which are based on 
current expectations, forecasts and assumptions that involve risks and 
uncertainties that could cause actual outcomes and results to differ 
materially, including statements related to the expected timing and benefits 
developing our data center campus in Tokyo (NRT10), our joint venture with 
Mitsubishi Corporation and the expected data center demand in Japan.  These 
risks and uncertainties include, among others, the following:  reduced demand 
for data centers or decreases in information technology spending; decreased 
rental rates, increased operating costs or increased vacancy rates; increased 
competition or available supply of data center space; the suitability of our 
data centers and data center infrastructure, delays or disruptions in 
connectivity or availability of power, or failures or breaches of our physical 
and information security infrastructure or services; our dependence upon 
significant customers, bankruptcy or insolvency of a major customer or a 
significant number of smaller customers, or defaults on or non-renewal of 
leases by customers; breaches of our obligations or restrictions under our 
contracts with our customers; our inability to successfully develop and lease 
new properties and development space, and delays or unexpected costs in 
development of properties; the impact of current global and local economic, 
credit and market conditions; our inability to retain data center space that we 
lease or sublease from third parties; difficulties managing an international 
business and acquiring or operating properties in foreign jurisdictions and 
unfamiliar metropolitan areas; our failure to realize the intended benefits 
from, or disruptions to our plans and operations or unknown or contingent 
liabilities related to, our recent acquisitions; our failure to successfully 
integrate and operate acquired or developed properties or businesses; 
difficulties in identifying properties to acquire and completing acquisitions; 
risks related to joint venture investments, including as a result of our lack 
of control of such investments; risks associated with using debt to fund our 
business activities, including re-financing and interest rate risks, our 
failure to repay debt when due, adverse changes in our credit ratings or our 
breach of covenants or other terms contained in our loan facilities and 
agreements; our failure to obtain necessary debt and equity financing, and our 
dependence on external sources of capital; financial market fluctuations and 
changes in foreign currency exchange rates; adverse economic or real estate 
developments in our industry or the industry sectors that we sell to, including 
risks relating to decreasing real estate valuations and impairment charges and 
goodwill and other intangible asset impairment charges; our inability to manage 
our growth effectively; losses in excess of our insurance coverage; 
environmental liabilities and risks related to natural disasters; our inability 
to comply with rules and regulations applicable to our Company; our failure to 
maintain our status as a REIT for federal income tax purposes; our operating 
partnership's failure to qualify as a partnership for federal income tax 
purposes; restrictions on our ability to engage in certain business activities; 
and changes in local, state, federal and international laws and regulations, 
including related to taxation, real estate and zoning laws, and increases in 
real property tax rates.  For a further list and description of such risks and 
uncertainties, see the reports and other filings by the company with the U.S. 
Securities and Exchange Commission, including the company's Annual Report on 
Form 10-K for the year ended December 31, 2018.  The company disclaims any 
intention or obligation to update or revise any forward-looking statements, 
whether as a result of new information, future events or otherwise.  

SOURCE  Digital Realty