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CapitaLand buys hyperscale data centre campus in China for RMB3.7 bil

Atiqah Mokhtar
Atiqah Mokhtar4/28/2021 7:40 AM GMT+08  • 2 min read
CapitaLand buys hyperscale data centre campus in China for RMB3.7 bil
The data centre comprises four buildings with a GFA of up to 75,000 sqm and up to 55MW of IT power capacity.
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CapitaLand is acquiring a hyperscale data centre campus located in Shanghai for RMB3.66 billion ($757.7 million), marking its entry into China's data centre market.

In a news release dated April 27, the group states it is acquiring the asset via the purchase of 100% equity interest in two companies from vendors AVIC Trust (an investment arm of Shanghai-listed AVIC Capital) and an unrelated third-party.

The facility, located in Minhang District, encompasses four buildings with a gross floor area of up to 75,000 square metres and up to 55 megawatts of IT power capacity.

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