Equinix, Inc. announced that it has closed a transaction for the purchase of a commercial building at Vierenkamp 1, Hamburg, Germany, from Aspen REG 1. Management GmbH for $11 million. Equinix will invest another $25 million to redevelop the space in phase one. The facility, which will be renamed the Equinix HH1 International Business Exchange (IBX) data center, will extend the company's global interconnection platform, Platform Equinix, into a fourth market in Germany and will help meet growing demand for digital infrastructure connectivity throughout Europe. The acquisition was completed on December 28, 2018, and the new site is expected to be open for business in third quarter of 2019.