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.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook