Iron Mountain LON-2 Slough

Colo-X analysis

Iron Mountain LON-2 is a huge new data centre built on the former site of Logicalis’s Slough data centre and offices.  The original buildings have now been demolished and a brand new, three-storey, 250,000 sq ft data centre has now been constructed, designed to provide 27MW of customer load across each of the three floors. We understand the entire facility is already fully let to a single tenant occupier.  The first 9MW phase is due to be delivered by the end of 2023.

Retail colocation users, looking for part-racks, racks or caged areas should consider other facilities on the Slough Trading Estate – contact Colo-X for the best nearby options.

Iron Mountain LON-2 facility description

Iron Mountain are a huge American listed REIT, real estate investment trust, capitalised at some USD$15bn with 2021 sales of USD$45bn. The company operates 95m sq ft of real estate globally, most of which is for their long established document storage business.

Iron Mountain’s data centre division operates 19 sites in 16 countries, with 190MW of existing capacity across the US, Europe, Singapore and India, with a further 175MW under active development. Their European data centre development began with the October 2017 purchase of this site and was then further enhanced with the May 2018 purchase of Amsterdam based Evoswitch for USD$235m.

As with with most large scale data centre providers, Iron Mountain appears to now be focussing on a wholesale data centre model, selling large scale capacity to large users, on long terms leases or contracts.

The nearby Iron Mountain LON-1 facility offering 10MW is also fully let, we believe to primarily two main customers, including the original facility owner Credit Suisse.

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