Monday, July 23, 2012

Olympic legacy to live on though data center | Datacenter Dynamics

The London Legacy Development Corporation announced another win for East London’s technology dreams, which this time includes a large data center at London’s Olympic Park.

UK data center company Infinity is one of the joint venture members behind the project.

Once the athletes and spectators have vacated the site, which will be renamed the Queen Elizabeth Olympic Park, workers from the JV called iCITY will move in to turn the Press and Broadcast Centre into what they say will become a world-class center for innovation and enterprise.

They claim the project will create 4,600 direct jobs on site as start-ups, media companies, a university, digital academy, restaurants, bars and more move in.

A further 2,000 jobs are expected to be created through the supply chain and consumer spending.

iCITY is a joint venture between real estate investment and advisory company Delancey and Infinity SDC.

Infinity will build a data center that will be between 250,000 to 350,000 sq ft data center with 90MW capacity designed for low-latency, high capacity data center needs.

It will sit on what is currently one of the most digitally connected buildings in the world, set up as a 24-hour media hub for more than 800 journalists covering the Games.

The building was built in ten weeks and includes state-of-the-art utilities, power and digital connectivity, 52,000 sq m of studio space over two double-storey floors.

It also has its own 200m long High Street with banks, travel agents and other facilities, a Transport mall and a 12,000 sq m catering village.

The building’s 2,500 sq m roof is flat and covered with concrete, gravel and moss and logs to encourage local invertebrates and other local wildlife

Infinity SDC CEO Martin Lynch said the new data cener will help the company move into new London markets around digital media but will also target large investment banks, insurers, international  brokerages, telecommunications companies and outsources.

“This is a strategically important move for Infinity that sees us expand into a new sector,” Lynch said.

“The data center at the heart of this development will ensure low latency, high capacity and streaming environments that are ideally suited to animation, post production and broadcasting.”

The park will be open in separate phases from 27 July 2013, following the removal of temporary venues, the building of new roads and bridges and the building of its own neighbourhood.

 

1 comment:

  1. Real estate agreements are agreement both parties sign official document to buy and develop the sites.


    Joint Venture Agreements

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