Equinix is planning to finish off the first quarter by finishing off a long construction to-do list. They have five new IBX data center projects ready to launch over the next few weeks, spread out over four continents.
In North America, NY6 and TR2 will be opening in Secaucus and Toronto, respectively. In the Asia-Pacific theatre, SG3 will be coming online in Singapore and ME1 is just about ready in Melbourne, Australia. And In Europe, LD6 in Slough to the west of London is finally about to open its doors. Equinix has spent $227M on the five facilities in total, adding 1 million square feet and some 4,200 new cabinets.
One wonders when the great data center buildout we’ve seen over the last decade will ever slow down. But with the cloud and the internet of things, it doesn’t seem ready to hit the brakes just yet.
Equinix has more than 10M square feet of billable space these days. They’ve come a heck of a long way since emerging from the rubble of the dot com crash with a reverse stock split back in 2002. I wonder how their new REIT status will affect their future growth plans.
Equinix is about due for a new M&A move perhaps?
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