(Bloomberg) -- Digital Realty Trust Inc., an owner of technology-related real estate, agreed to acquire eight data centers from Equinix Inc. for about $874 million.

The properties are located in London, Amsterdam and Frankfurt, the San Francisco-based company said in a statement on Monday. Digital Realty also granted Equinix, based in Redwood City, California, an option to purchase its facility in Paris and the related operating business for about $215 million.

"We have made several recent strategic investments in Europe, and this new portfolio -– which is concentrated in three of the most strategically important data center and interconnection hubs in Europe -– will immediately bring on board a large, diversified customer base,” A. William Stein, Digital Realty’s chief executive officer, said in the statement.

The deal follows Equinix’s acquisition of Telecity Group Plc. The transaction with Digital Realty is expected to close in the second half of 2016.

Register or login for access to this item and much more

All Information Management content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access