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Archive for July 17th, 2012

Digital Realty Completes Acquisition of Sentrum Portfolio in London

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The three-property portfolio totals approximately 761,000 square feet

SAN FRANCISCO, July 16, 2012 /PRNewswire-Asia/ — Digital Realty Trust, Inc. (NYSE: DLR), a leading global provider of data center solutions, announced today the completion of the acquisition of a three-property data center portfolio located in the greater London area, referred to as the Sentrum Portfolio. The Sentrum Portfolio comprises approximately 761,000 square feet across three data centers located in Woking, Watford and Croydon. The purchase price was 715.9 million pounds Sterling (equivalent to $1.1 billion based on the July 11, 2012 exchange rate of 1.00 pound to $1.55) (subject to adjustment in limited circumstances and to additional earn-out payments based on a multiple of the net operating income from the lease-up of currently vacant space in the portfolio in the next three years).

“The addition of these high-quality, mission critical facilities to our London portfolio strengthens our position as a leading data center solutions provider in this highly strategic, global market,” said Michael F. Foust, CEO of Digital Realty. “We now have eight data center facilities located across the greater London metropolitan area, which represent over 50 percent of our European portfolio. In addition, the properties include additional inventory for future development that will enable us to meet local and international U.K. customers’ long term requirements.”

“The portfolio is approximately 80% leased to a diverse roster of high quality companies that we are now pleased to call our customers,” said Scott Peterson, Chief Acquisitions Officer for Digital Realty. “In addition, the opportunity to lease the balance of the portfolio’s available space is a great opportunity to enhance the return on this investment for our shareholders.”

“The completion of this acquisition combined with the success of our recent equity offering represent important strategic accomplishments for Digital Realty,” said A. William Stein, CFO and Chief Investment Officer of Digital Realty. “We significantly increased our presence in an important global market, enabling us to better serve our growing customer base, while providing our shareholders with a transaction that we expect to be accretive to our 2012 Core FFO on a diluted per share and unit basis (excluding one-time acquisition and financing costs). As previously stated, we plan to provide updated guidance for the year in our second quarter 2012 earnings announcement.”

The Company estimated the total square feet available for lease in the Sentrum Portfolio based on a number of factors in addition to contractually leased square feet, including available power, required support space and common area. The Company’s estimate of the percentage of occupied rentable square feet in the Sentrum Portfolio may change based on the Company’s experience operating the properties following the closing of the acquisition.

About Digital Realty

Digital Realty Trust, Inc. focuses on delivering customer driven data center solutions by providing secure, reliable and cost effective facilities that meet each customer’s unique data center needs. Digital Realty’s customers include domestic and international companies across multiple industry verticals ranging from information technology and Internet enterprises, to manufacturing and financial services. Digital Realty’s 108 properties, excluding three properties held as investments in unconsolidated joint ventures, comprise approximately 20.8 million square feet as of July 16, 2012, including 2.3 million square feet of space held for redevelopment. Digital Realty’s portfolio is located in 32 markets throughout Europe, North America, Australia and Asia. Additional information about Digital Realty is included in the Company Overview, which is available on the Investors page of Digital Realty’s website at http://www.digitalrealty.com.

Core FFO is funds from operations, calculated in accordance with the standards established by the National Association of Real Estate Investment Trusts, adjusted to exclude items that do not reflect ongoing revenue or expense streams, including transaction expenses. Other REITs may not calculate Core FFO in a consistent manner. Accordingly, Digital Realty’s Core FFO may not be comparable to other REITs’ Core FFO. Core FFO should be considered only as a supplement to net income computed in accordance with GAAP as a measure of performance.

Safe Harbor Statement

This press release contains forward-looking statements which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially, including statements related to the acquisition of the Sentrum Portfolio, the expected return on investment and the impact of the Sentrum Portfolio on 2012 Core FFO and 2012 guidance. These risks and uncertainties include, among others, the following: the impact of the recent deterioration in global economic, credit and market conditions, including the downgrade of the U.S. government’s credit rating; current local economic conditions in our geographic markets; decreases in information technology spending, including as a result of economic slowdowns or recession; adverse economic or real estate developments in our industry or the industry sectors that we sell to (including risks relating to decreasing real estate valuations and impairment charges); our dependence upon significant tenants; bankruptcy or insolvency of a major tenant or a significant number of smaller tenants; defaults on or non-renewal of leases by tenants; our failure to obtain necessary debt and equity financing; increased interest rates and operating costs; risks associated with using debt to fund our business activities, including re-financing and interest rate risks, our failure to repay debt when due, adverse changes in our credit ratings or our breach of covenants or other terms contained in our loan facilities and agreements; financial market fluctuations; changes in foreign currency exchange rates; our inability to manage our growth effectively; difficulty acquiring or operating properties in foreign jurisdictions; our failure to successfully integrate and operate acquired or redeveloped properties or businesses; risks related to joint venture investments, including as a result of our lack of control of such investments; delays or unexpected costs in development or redevelopment of properties; decreased rental rates or increased vacancy rates; increased competition or available supply of data center space; our inability to successfully develop and lease new properties and space held for redevelopment; difficulties in identifying properties to acquire and completing acquisitions; our inability to acquire off-market properties; our inability to comply with the rules and regulations applicable to reporting companies; our failure to maintain our status as a REIT; possible adverse changes to tax laws; restrictions on our ability to engage in certain business activities; environmental uncertainties and risks related to natural disasters; losses in excess of our insurance coverage; changes in foreign laws and regulations, including those related to taxation and real estate ownership and operation; and changes in local, state and federal regulatory requirements, including changes in real estate and zoning laws and increases in real property tax rates. For a further list and description of such risks and uncertainties, see the reports and other filings by the Company with the U.S. Securities and Exchange Commission, including the Company’s Annual Report on Form 10-K for the year ended December 31, 2011 and Quarterly Report on Form 10-Q for the quarter ended March 31, 2012. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

For Additional Information:

A. William Stein Pamela M. Garibaldi
Chief Financial Officer and Vice President, Investor Relations and
Chief Investment Officer Corporate Marketing
Digital Realty Trust, Inc. Digital Realty Trust, Inc.
+1 (415) 738-6500 +1 (415) 738-6500

SOURCE﹛Digital Realty Trust, Inc.

Written by asiafreshnews

July 17, 2012 at 11:41 am

Posted in Uncategorized

The Abbott Fund Announces $1 Million Partnership with the Secretary’s International Fund for Women and Girls to Empower Women in Burma

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The Abbott Fund Among the First Corporate Foundations With Programs in Burma; Public-Private Partnership Will Support Grassroots Organizations to Advance Health, Education and Economic Opportunity

ABBOTT PARK, Ill., July 16, 2012 /PRNewswire-Asia/ — The Abbott Fund, the foundation of the global health care company Abbott (NYSE: ABT), today announced a partnership with the U.S. Secretary of State’s International Fund for Women and Girls to empower women and address critical community needs in Burma, also known as Myanmar. Over the next two years, the Abbott Fund will provide $1 million to the Secretary’s International Fund for Women and Girls to support grassroots organizations that are working to advance health, education and economic opportunity for women in Burma.

This public-private partnership follows a recent fact-finding trip to Burma in May 2012, organized by the U.S. Department of State’s office on Global Women’s Issues. Under the leadership of Ambassador-at-Large Melanne Verveer( http://www.state.gov/r/pa/ei/biog/122075.htm ), the delegation included representatives from the Abbott Fund and other private-sector organizations. Discussing critical challenges confronting Burma with Nobel laureate Aung San Suu Kyi and other leaders and members of civil society, the delegation also assessed grassroots programs with the goal of identifying partnership opportunities to further improve the lives of women in the country.

“Through decades of challenges, the people of Burma have developed a resilient and resourceful civil society,” said Ambassador Verveer. “By supporting existing grassroots organizations, this public-private partnership with the Abbott Fund will help build the capacity of local organizations and communities to drive progress and development for women.”

“During our recent trip to Burma with Ambassador Verveer, we met dozens of women who are leading local organizations, making significant contributions to address critical community needs,” said Katherine Pickus, vice president, the Abbott Fund. “The Abbott Fund aims to further strengthen the capabilities of these organizations to advance health, education and economic opportunities for women 每 at a transformational time that holds great promise for the country’s future.”

All partnership funding will be provided to Burmese organizations staffed by the people of Burma. Key areas of programmatic focus include health awareness, prevention and treatment; education and training; and expanding economic opportunities for women. Specific organizations will be identified by the Secretary’s International Fund for Women and Girls in the coming months.

The Abbott Fund’s new grants in Burma follow efforts by Abbott and the Abbott Fund to provide humanitarian aid in the country in recent years, including more than $600,000 in support for relief and recovery efforts after Cyclone Nargis. The Abbott Fund provided $250,000 to advance the work of CARE, an organization focused on empowering women, and Abbott donated $386,000 in vitamins and antibiotics to AmeriCares, Heart to Heart, Direct Relief International and MAP International.

About the Secretary’s International Fund for Women and Girls
The Secretary’s International Fund for Women and Girls is a U.S. State Department-led, privately-funded initiative committed to providing flexible, rapid, targeted, and high-impact grants to nongovernmental organizations working to meet the critical needs of women and girls around the world. The State Department is committed to advancing the rights of women and girls as a central focus of U.S. foreign policy interests, in partnership with the private and nonprofit sectors.

About Abbott and the Abbott Fund
Abbott and the Abbott Fund’s social programs focus on expanding access to health care and advancing science education, with an emphasis on meeting critical needs 每 including the needs of women and girls in developing countries. One example: in Afghanistan, Abbott and the Abbott Fund have worked with Direct Relief International and the Afghan Institute for Learning to strengthen health care for women and girls by training more than 60 midwives, supporting women-staffed clinics that provide critical care for more than 100,000 women, and advancing health education for more than 600,000 women and families.

Abbott is a global, broad-based health care company devoted to the discovery, development, manufacturing and marketing of pharmaceuticals and medical products, including nutritionals, devices and diagnostics. The company employs approximately 91,000 people and markets its products in more than 130 countries.

The Abbott Fund is a philanthropic foundation established by Abbott in 1951. The Abbott Fund’s mission is to create healthier global communities by investing in creative ideas that promote science, expand access to health care and strengthen communities worldwide.

Abbott’s news releases and other information are available on the company’s website at http://www.abbott.com. For more information on the Abbott Fund, visit http://www.abbottfund.org.

SOURCE﹛The Abbott Fund

Written by asiafreshnews

July 17, 2012 at 10:45 am

Posted in Uncategorized

Global Superstar WILL.I.AM Meets Summer Dance Winners and Performs in Front of 4,000 EF Students

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ZURICH, July 16, 2012 /PRNewswire-Asia/ —

American superstar will.i.am of the Black Eyed Peas performed his hit songs at the annual EF Summeranza party yesterday to a crowd of more than 4,000 EF language students. As the party’s headlining performer, he also congratulated the winners of the EF Summer Dance competition, who had choreographed a dance routine to his chart-topping single, “Nothing Really Matters”.

Earlier this summer, “Nothing Really Matters” was named EF’s official Summer Song 2012 and students entered the Summer Dance competition for the chance to meet will.i.am and perform at the event. The winning team’s choreography was voted on by people from around the world and their dance moves were watched by over 5,500 people on http://www.ef.com/summerdance.

To view the Multimedia News Release, please click:

https://www.multivu.com/mnr/56567-EF-Summerdance

Will.i.am met the winning team Force Out, five friends from Russia, before giving the private concert to EF students studying in the UK. The exclusive concert took place at London’s Kempton Park where language students from around the world met for a full day of fun and celebration. The event reached its peak when the entire crowd began dancing in unison to “Nothing Really Matters”.

“We can’t believe we got to meet will.i.am and perform our dance in front of this huge crowd,” said Force Out, who had been preparing for many weeks. “It was incredible to see so many people dancing along and definitely something we will remember.”

In addition to preparing students with top-rated language learning courses, EF International Language Centers offer a full array of activities and events, highlighted by the annual Summeranza megaparty.

“We are thrilled to have will.i.am here to perform the EF Summer Song in front of our students since he’s such an idol to many of them” said Mauro Cuervo, President of EF Language Travel. “The Summeranza student party is a great opportunity to show that language learning abroad goes far beyond traditional classroom learning. Our students actually live the language – and have the summer of their lives, too.”

The excitement of this unforgettable experience remained on the glowing faces of the students as they boarded buses back to their EF course towns across the United Kingdom.

For photos and videos of the event visit http://www.facebook.com/ef.
For more information and news visit http://www.ef.com/summeranza.

Check out will.i.am’s new hit single “This is love” – out now!

http://www.dipdive.com / twitter@iamwill

About EF Education First

EF, the world leader in international education, was established in 1965 with the mission to break down the barriers in language, culture and geography. With 400 schools and over 15 million students, EF specializes in language schools, academic degrees, educational travel abroad and cultural exchange. EF International Language Centers is the study abroad division of EF. EF published the ground-breaking English Proficiency Index (http://www.ef.com/epi) which measures the English ability of adults in different countries across the world.

In addition to helping 1,200 corporations with English training, EF is the Official Language Supplier of the XXII Olympic Winter Games in Sochi 2014 and is helping Brazil prepare for the 2014 World Cup. http://www.ef.com

SOURCE﹛EF Education First

Written by asiafreshnews

July 17, 2012 at 10:15 am

Posted in Uncategorized

Ground broken in Singapore for new Yale-NUS campus by Pelli Clarke Pelli Architects

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NEW HAVEN, Conn., July 16, 2012 /PRNewswire-Asia/ — Ground was broken on July 6th for the Yale-NUS College( http://www.yale-nus.edu.sg ) campus, designed by Pelli Clarke Pelli Architects( http://www.pcparch.com ) in collaboration with Forum Architects of Singapore.

(PHOTO: http://photos.prnewswire.com/prnh/20120712/NE38004 )

Jointly created by Yale University( http://www.yale.edu ) and the National University of Singapore( http://www.nus.edu.sg ), Yale-NUS College is the first college campus established by Yale outside of New Haven, Conn. The campus opens in 2015 and is designed to achieve the highest rating under the Green Mark, Singapore’s benchmark for sustainable design.

Comprised of three residential colleges for 1,000 students, and balancing the traditions of Yale with the cultural and climatic influences of Southeast Asia, Pelli Clarke Pelli Architects developed a contemporary architectural language of clear and inviting processional entrances, sun and rain-screened colonnades and roof forms with generous eaves.

“Much like the educational mission of the college, the architecture of Yale-NUS is keenly attuned to its antecedents and committed to the ideas and responsibilities of today,” explains Fred Clarke, senior principal of Pelli Clarke Pelli Architects. “In this way, it is also a vision for the future.”

Set in a lush landscape, the 62,000-square-meter campus is comprised of courtyards punctuated by residential towers and a community of learning and social spaces. At its heart is a campus green flanked by academic and administrative buildings, including the learning commons, auditorium, sports hall, and an open-air, sheltered gathering place — the Agora.

The residential colleges, each home to 330 students plus faculty, form nested academic communities. Tower floors are grouped into neighborhoods around skygardens. The tower designs and those of the courtyards, dining halls, and common rooms will differ in each residential college.

The new campus design is based on original programming, a master plan and early architectural plans developed by KieranTimberlake and Pfeiffer Partners Architects.

About Pelli Clarke Pelli Architects

Founded in 1977 and led by Cesar Pelli( http://pcparch.com/firm/people/cesar-pelli-faia ), Fred Clarke( http://pcparch.com/firm/people/fred-w-clarke-faia ), and Rafael Pelli( http://pcparch.com/firm/people/rafael-pelli-aia ), Pelli Clarke Pelli Architects has designed some of the world’s most recognizable buildings, including the Petronas Towers( http://pcparch.com/project/petronas-towers ) in Kuala Lumpur, the International Finance Centre( http://pcparch.com/project/international-finance-centre ) in Hong Kong and the National Airport( http://pcparch.com/project/north-terminal-reagan-national-airport ) in Washington D.C. The firm has also designed buildings and master plans for many distinguished universities.

Pelli Clarke Pelli Architects has a long history with Yale University. Cesar Pelli was dean of the Yale School of Architecture from 1977 to 1984 and Fred Clarke was a visiting critic at the school from 1977 to 1982. The firm’s work for Yale includes buildings such as the Daniel L. Malone Engineering Center and the Boyer Center for Molecular Medicine.

SOURCE﹛Pelli Clarke Pelli Architects

Ground broken in Singapore for new Yale-NUS campus by Pelli Clarke Pelli Architects
2012/07/16 09:41
NEW HAVEN, Conn., July 16, 2012 /PRNewswire-Asia/ — Ground was broken on July 6th for the Yale-NUS College( http://www.yale-nus.edu.sg ) campus, designed by Pelli Clarke Pelli Architects( http://www.pcparch.com ) in collaboration with Forum Architects of Singapore.

(PHOTO: http://photos.prnewswire.com/prnh/20120712/NE38004 )

Jointly created by Yale University( http://www.yale.edu ) and the National University of Singapore( http://www.nus.edu.sg ), Yale-NUS College is the first college campus established by Yale outside of New Haven, Conn. The campus opens in 2015 and is designed to achieve the highest rating under the Green Mark, Singapore’s benchmark for sustainable design.

Comprised of three residential colleges for 1,000 students, and balancing the traditions of Yale with the cultural and climatic influences of Southeast Asia, Pelli Clarke Pelli Architects developed a contemporary architectural language of clear and inviting processional entrances, sun and rain-screened colonnades and roof forms with generous eaves.

“Much like the educational mission of the college, the architecture of Yale-NUS is keenly attuned to its antecedents and committed to the ideas and responsibilities of today,” explains Fred Clarke, senior principal of Pelli Clarke Pelli Architects. “In this way, it is also a vision for the future.”

Set in a lush landscape, the 62,000-square-meter campus is comprised of courtyards punctuated by residential towers and a community of learning and social spaces. At its heart is a campus green flanked by academic and administrative buildings, including the learning commons, auditorium, sports hall, and an open-air, sheltered gathering place — the Agora.

The residential colleges, each home to 330 students plus faculty, form nested academic communities. Tower floors are grouped into neighborhoods around skygardens. The tower designs and those of the courtyards, dining halls, and common rooms will differ in each residential college.

The new campus design is based on original programming, a master plan and early architectural plans developed by KieranTimberlake and Pfeiffer Partners Architects.

About Pelli Clarke Pelli Architects

Founded in 1977 and led by Cesar Pelli( http://pcparch.com/firm/people/cesar-pelli-faia ), Fred Clarke( http://pcparch.com/firm/people/fred-w-clarke-faia ), and Rafael Pelli( http://pcparch.com/firm/people/rafael-pelli-aia ), Pelli Clarke Pelli Architects has designed some of the world’s most recognizable buildings, including the Petronas Towers( http://pcparch.com/project/petronas-towers ) in Kuala Lumpur, the International Finance Centre( http://pcparch.com/project/international-finance-centre ) in Hong Kong and the National Airport( http://pcparch.com/project/north-terminal-reagan-national-airport ) in Washington D.C. The firm has also designed buildings and master plans for many distinguished universities.

Pelli Clarke Pelli Architects has a long history with Yale University. Cesar Pelli was dean of the Yale School of Architecture from 1977 to 1984 and Fred Clarke was a visiting critic at the school from 1977 to 1982. The firm’s work for Yale includes buildings such as the Daniel L. Malone Engineering Center and the Boyer Center for Molecular Medicine.

SOURCE﹛Pelli Clarke Pelli Architects

Written by asiafreshnews

July 17, 2012 at 9:37 am

Posted in Uncategorized