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Oct 30, 2018

CyrusOne Enters Into Strategic Partnership to Develop Hyperscale Data Centers in The Netherlands

DALLAS--(BUSINESS WIRE)--Oct. 30, 2018-- CyrusOne Inc. (NASDAQ: CONE), a premier global data center REIT, today announced entry into an agreement with Agriport A7 for the development of hyperscale data centers in Middenmeer, The Netherlands. Under the terms of the agreement, CyrusOne will have the option to purchase up to 33 hectares of land, in parcels as demand dictates, for a 270MW master planned multi-data center campus. The land is located on Agriport A7’s 1,000 hectare campus approximately 40km north of central Amsterdam, which boasts access to the significant future power necessary to support the data center campus and is already home to two major hyperscale developments.

“We are very excited to announce this strategic partnership with the Agriport team to develop the largest master planned data center campus in Europe for our hyperscale customers. The unique, first-of-its-kind in the data center space, option agreement aligns the parties’ interests and allows CyrusOne to aggressively pursue build-to-suit development projects on ready-to-develop property without deploying significant capital in advance of winning these deals,” said Gary Wojtaszek, president and chief executive officer of CyrusOne. “We will be replicating this development model around the globe and are already speaking to other potential land partners.”

“Our campus, with low latency to the AMS-IX, has access to significant dark fiber and more than 600MWs of primarily green power. Already home to two of the world’s largest hyperscale companies, we expect our partnership with CyrusOne to attract a number of additional players, ultimately establishing Agriport A7 as the premier location for large scale data center deployments in The Netherlands,” said Anton Hiemstra, CEO of Agriport A7.

CyrusOne will provide further details on its third quarter earnings call scheduled for October 31, 2018.

Safe Harbor

This press release contains forward-looking statements regarding anticipated results and future events that are subject to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements about CyrusOne’s plans, objectives, expectations and intentions, and any statement of an assumption underlying any of the foregoing. These statements are based on current expectations, estimates, forecasts and projections about the industries in which we operate and the current beliefs, opinions and assumptions of our management. Words such as "expects," "anticipates," "predicts," "projects," "intends," "plans," "believes," "seeks," "estimates," "continues," "endeavors," "strives," "may," “will,” “should,” “could” or the negative of these terms or other similar expressions are intended to identify such forward-looking statements. In addition, any statements that refer to projections of our future financial performance, our anticipated growth and trends in our businesses, and other characterizations of future events or circumstances are forward-looking statements. Readers are cautioned that forward-looking statements are based on current expectations and assumptions that are subject to known and unknown risks and uncertainties, which could cause our actual results to differ materially and adversely from those expressed in any forward-looking statements. More information on the factors, risks and uncertainties that could cause or contribute to such differences is discussed in our filings with the Securities and Exchange Commission, including in the “Risk Factors” and “Management’s Discussion & Analysis” sections of our Annual Report on Form 10-K and in our subsequent filings with the SEC. Actual results may differ materially and adversely from those expressed in any forward-looking statements. We expressly disclaim any obligation to update or revise any forward-looking statement, whether as a result of new information, change in circumstances, future events or otherwise, except as required by law.

About CyrusOne

CyrusOne (NASDAQ: CONE) is a high-growth real estate investment trust (REIT) specializing in highly reliable enterprise-class, carrier-neutral data center properties. The Company provides mission-critical data center facilities that protect and ensure the continued operation of IT infrastructure for approximately 1,000 customers, including more than 200 Fortune 1000 companies.

With a track record of meeting and surpassing the aggressive speed-to-market demands of hyperscale cloud providers, as well as the expanding IT infrastructure requirements of the enterprise, CyrusOne provides the flexibility, reliability, security, and connectivity that foster business growth. CyrusOne offers a tailored, customer service-focused platform and is committed to full transparency in communication, management, and service delivery throughout its more than 45 data centers worldwide. Additional information about CyrusOne can be found at www.CyrusOne.com.

Source: CyrusOne Inc.

CyrusOne Inc.
Michael Schafer, 972-350-0060
Vice President, Capital Markets & Investor Relations
investorrelations@cyrusone.com