Global Switch Latest News

Fitch Affirms Global Switch at 'BBB’, Outlook Stable

Fitch Ratings-London-23 November 2011: Fitch Ratings has affirmed Global Switch Holdings Ltd's (Global Switch) Long-term Issuer Default Rating (IDR) and senior unsecured rating at 'BBB' with a Stable Outlook. "Further to its EUR600m 2018 bond issue in April 2011, Global Switch retains strong credit metrics, with leverage on a loan-to-value basis at around 20%," says Jean-Pierre Husband, a Director in Fitch's EMEA Industrials and Property team. "Global Switch's financial structure could absorb a possible further downturn in global economic activity."

Moody's assigns Baa3 final ratings to Global Switch

Moody's Investors Service has today assigned final ratings to Global Switch Holdings Limited of Baa3 long-term issuer rating and Baa3 rating to the 5.5.% EUR600 million senior unsecured notes due 18 April 2018. The outlook for all ratings is stable.

Global Switch receives planning consent for new Singapore data centre

Global Switch, the leading data centre provider in Europe and Asia Pacific, has received Planning Consent from JTC Corporation to build a best-in-class SGD$300 million fully-fitted data centre in Singapore. This is the second major planning consent Global Switch has received within a year, Sydney having received full planning to build a second facility adjacent to its existing data centre, already the largest of its kind in the Southern Hemisphere.

Global Switch launches inaugural bond issue

Global Switch Holdings Limited ("Global Switch"), the leading wholesale carrier neutral data centre owner and operator in Europe and Asia-Pacific and rated BBB by Fitch and Baa3 by Moody's, has launched its inaugural bond transaction.

Moody’s assigns first-time (P)Baa3 issuer rating to Global Switch

Moody's Investors Service has today assigned to Global Switch Holdings Limited a provisional (p)Baa3 long-term issuer rating and a provisional (p)Baa3 rating to a proposed EUR500 million senior unsecured bond. The outlook for all assigned ratings is stable. This is the first time Moody's has rated Global Switch, a real estate operating company that owns, acquires, manages and develops data centres with six in Europe, two in Asia Pacific and a ninth under construction in Paris. The company's carrier-neutral data centres offer wholesale, multi-tenanted space on medium to long-term leases.

Fitch rates Global Switch 'BBB'; Outlook Stable

Fitch Ratings-London 06 December, 2010: Fitch Ratings has assigned UK-based Global Switch Holdings Ltd (Global Switch) a Long-term Issuer Default Rating (IDR) of 'BBB' and a senior unsecured rating of 'BBB'. The company's Short-term IDR has been assigned at 'F3'. The Outlook on the Long-term IDR is Stable. Global Switch is one of the world's largest owners and operators of wholesale data centres.

Global Switch receives green light for new Sydney data centre

Global Switch, the leading data centre provider in Europe and Asia Pacific, is to build a world class, A$200 million base build (A$300 million fully-fitted) data centre in Sydney having received Part 3A Major Projects approval from the NSW Department of Planning. The 365,000 sq ft (34,000 sq m) new data centre - Sydney 2 - will be adjacent to Global Switch's existing data centre in Sydney which is already the largest facility of its kind in the Southern Hemisphere with 450,000 sq ft (42,000 sq m) of space.

Global Switch has record last quarter

Global Switch has had a record quarter for new lettings. It has signed up an aggregate of 92,000 sq ft (8,500 sq m) of data centre space with over 10MW of power allocation across five of its data centres in Amsterdam, London, Madrid, Singapore and Sydney.

Global Switch makes two senior Appointments

Global Switch, the leading owner and operator of wholesale and multi-tenanted, carrier-neutral data centres in Europe and Asia-Pacific, has announced two new senior appointments.

At Full Power

John Corcoran, Executive Chairman of Global Switch, discusses the company's property portfolio, future expansion plans and the increasing demand for data centre space with Estates Gazette.

Global Switch submits major projects application for new Sydney data centre

Global Switch, the leading data centre provider in Asia-Pacific, has submitted a Part 3A Major Projects Application to the NSW Department of Planning for a new $200 million data centre development in Sydney.

Global Switch extends its partnership with IBM in Madrid

Europe's leading fully-fitted turn key data centre owner and operator, Global Switch, has recently completed a significant data centre lease agreement with the world's largest Information Technology company, IBM.

Global Switch to build new data centre in Paris

Global Switch is pleased to announce that it has signed a Commitment Agreement with IBM for the pre-letting of technical space within its new data centre development at Clichy in Paris.

Global Switch Makes Key Appointments

Global Switch, the largest data centre provider in Europe and Asia-Pacific, has made two key appointments that will support its expansion plans and the development of the group´s service offer.

Global Switch Announces Expansion in Paris Campus

Global Switch, the leading carrier-neutral multi-tenanted wholesale data centre provider, has officially launched a major extension to its Paris data centre campus. The project has been delivered on budget and ahead of programme.