More interesting news from across the Atlantic this morning, this time on the organic front in the data center space. Interxion has revealed plans to expand its footprint in three key markets in continental Europe: Frankfurt, Paris, and Marseille.
The biggest of the projects will be in Frankfurt, where Interxion will be building a new data center -- its eleventh so far. They are about to finish up the final two phases of FRA10 and have already sold 80% of that capacity, so therefore they will be building FRA11. The new facility will provide another 4,800 square meters over four phases. The first two of those phases are expected to come online in Q4 of 2017, with the final two phases aimed for a couple quarters later. They'll be spending €95 million on the project.
Meanwhile, in Paris, they'll be kicking off phase 2 of their PAR7.2 buildout, adding another 1,000 square meters to the 1,100 they have already committed to. That will give then 2,100 square meters of new capacity in all, all of which is already pre-sold. They'll be spending €23M above what had been previously announced.
And in Marseille, Interxion will be working on the third phase of MRS1, adding another 1,400 square meters and 2MW of customer power. The expansion will be ready by Q2 of 2017, and some 50% of that capacity is already pre-sold. The price tag for the additional buildout is €20M.
Interxion has increased its capex guidance for 2016 to €260-280M as a result.
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