Digital Realty Trust Inc. (DLR Quick QuoteDLR - Free Report) , the San Francisco, CA-based office real estate investment trust (“REIT”) has announced the opening of the new Digital Loyang Way date center in Singapore. The inception of the next generation data center reflects the commitment of the REIT to support the Smart Nation initiative of Singapore. Notably, through this initiative,  Singapore aims to become a smarter and more energy-efficient nation by developing sustainable data centers to support digital economy in the future.

The Digital Loyang Way data centre, covering an area of 177,000 square feet with the capacity to support IT load of 13.2 megawatts is devised to accommodate wide-ranging customer deployments. Further, the eco-friendly design and practices of the new facility enhances the sustainability bar for Singapore data centers.

The new facility will be linked to the REIT’s Jurong data centre on the west side of the country via fibre services. Situated on the east side of the country, Digital Loyang Way will provide east-to-west and central-to-east connectivity, thereby improving digital reach in the country.

Digital Realty is engaged in owning, acquiring, repositioning and managing technology-related real estate. Its properties comprise of applications and operations which are essential for the smooth operations of technology tenants.

Digital Realty presently has a Zacks Rank #3 (Hold).

Some better-ranked stocks in the REIT space include Brookfield Canada Office Properties , W. P. Carey Inc. (WPC Quick QuoteWPC - Free Report) and Summit Hotel Properties, Inc. (INN Quick QuoteINN - Free Report) . All these stocks sport a Zacks Rank #1 (Strong Buy).

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