Richard Davies wrote: The UK has a good crop of technology pioneers in cloud computing - for example ElasticHosts, FlexiScale, Flexiant, OnApp - and also some strong government initiatives such as G-Cloud.
We will have to see whether this kind of technical leadership converts into swift mass-market adoption or not.
RADNOR, PA -- (MARKET WIRE) -- 10/11/06 -- With steel rising at the Metroplex Corporate
Center in Plymouth Meeting, Pennsylvania, Brandywine Realty Trust (NYSE: BDN) expects the center to be on schedule for occupancy by early second
quarter 2007.
"We're excited to be offering a variety of Class A office space in a
premiere location, and expect to deliver for occupancy by the second
quarter of 2007," said Philip Schenkel, Brandywine Realty Trust vice
president and managing director for the North Pennsylvania suburban region.
"With suburban centralization as well as an efficient 30-minute commute to
Center City and the Philadelphia Airport, Metroplex is ideally suited for
businesses that need to attract and retain employees and clients in the
Delaware Valley."
The master plan for the 23-acre site includes creation of three office
buildings -- the five-story, 120,877 square foot One Metroplex, the
12-story, 336,000 square foot Two Metroplex, and a third 120,000 square
foot office building, for which approvals are being sought.
Building facades will feature granite and glass designs by the
award-winning architectural firm of Cope Linder Associates. Interiors will
feature multi-story lobbies accented with granite flooring, and plaster
walls incorporating a unique mesh screening system.
"Construction at Metroplex signals progress toward Plymouth Meeting's
repositioning as a vital crossroad for commerce," said Schenkel. "We're
leveraging the strength of being located at the junction of I-476 and the
Pennsylvania Turnpike with our signature Brandywine tenant services to meet
the needs of the area's most significant businesses."
The Metroplex site includes development of a park-like setting offering
employee access to a county bike trail that connects Valley Forge, Willow
Grove, and the adjoining retail center. New roadways and signalized
intersections will offer easy access to the newly-revitalized Plymouth
Meeting Mall, health clubs, day care centers, hotels, and a variety of
restaurants. An efficient parking plan incorporates both surface and
structured parking to deliver a ratio of 4.52 spaces per 1,000 square feet
of rentable space.
About Brandywine Realty Trust
Brandywine Realty Trust (NYSE: BDN), with headquarters in Radnor, Pa., is
one of the largest full-service, completely integrated real estate
companies in the United States. Organized as a real estate investment trust
(REIT), Brandywine owns, manages or has ownership interest in office and
industrial properties aggregating 45 million square feet.
Note: Certain statements in this release constitute forward-looking
statements within the meaning of the Private Securities Litigation Reform
Act of 1995. Such forward-looking statements involve known and unknown
risks, uncertainties and other factors that may cause the actual results,
performance, achievements or transactions of the Company and its affiliates
or industry results to be materially different from any future results,
performance, achievements or transactions expressed or implied by such
forward-looking statements. Such risks, uncertainties and other factors
relate to, among others, the Company's ability to lease vacant space and to
renew or relet space under expiring leases at expected levels, the
potential loss of major tenants, interest rate levels, the availability and
terms of debt and equity financing, competition with other real estate
companies for tenants and acquisitions, risks of real estate acquisitions,
dispositions and developments, including cost overruns and construction
delays, unanticipated operating costs and the effects of general and local
economic and real estate conditions. Additional information or factors
which could impact the Company and the forward-looking statements contained
herein are included in the Company's filings with the Securities and
Exchange Commission. The Company assumes no obligation to update or
supplement forward-looking statements that become untrue because of
subsequent events.
Contact:
Press Contact:
Amy Biemiller
Director of Communications
Brandywine Realty Trust
610-832-7705 amy.biemiller@bdnreit.com
Investor Contact:
Gerard H. Sweeney
Timothy M. Martin
Brandywine Realty Trust
610-325-5600 info@brandywinerealty.com