Digital Realty Breaks Ground on 24 MW KIX15 Data Center in Osaka, Expanding AI Infrastructure
DLR sits 26% above its 52-week low of $146.23.
Summary
Digital Realty has commenced construction of KIX15, a 24 MW data center at its KIX Campus in Osaka, Japan, through its 50/50 joint venture with Mitsubishi Corporation. The facility is scheduled to begin operations in Q4 2028 and will bring the JV's Japan portfolio to 10 data centers with roughly 220 MW of aggregate IT capacity. This expansion follows the opening of NRT14 earlier this year and is part of the Kansai AI Infrastructure Co-Creation Project, targeting growing demand for high-density computing and advanced cooling. The move reinforces Digital Realty's strategic push into Japan's AI infrastructure market, a key growth area for the company.
At the time of this announcement, DLR was trading at $184.65 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $68.5B. The 52-week trading range was $146.23 to $208.14. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.