SINGAPORE (Aug 5): Keppel Corporation’s Alpha Data Centre Fund is acquiring a 3,840 sqm plot of freehold land in Gore Hill Technology Park to develop a data centre in Sydney, Australia.
Alpha DC Fund is managed by Alpha Investment Partners, a wholly-owned subsidiary of Keppel Capital, the asset management arm of Keppel.
The greenfield data centre, Keppel DC Sydney 1, will be located adjacent to Gore Hill Data Centre, an existing data centre in Keppel DC REIT's portfolio.
Construction of the facility will take place over three phases with Phase I shell and core and initial fit-out set for completion by 1H21.
Keppel Data Centres Holding will be appointed project manager for the construction of the data centre and will be responsible for the centre’s operations following its completion.
Keppel Data Centres is a 70-30 joint venture between Keppel Telecommunications & Transportation (Keppel T&T) and Keppel Land, both subsidiaries of Keppel.
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iseek-KDC Services, a joint venture between Keppel Data Centres and local partner iseek, will be appointed facility manager for the data centre.
Alvin Mah, CEO of Alpha, says, “By leveraging Keppel Data Centres' deep operational expertise, our newest data centre will be well-positioned to capture data centre demand and deliver optimal returns for our investors."
Wong Wai Meng, CEO of Keppel Data Centres, adds,“This latest data centre development builds on Keppel Data Centres' commitment to support our customers' expansion needs and to help them capitalise on opportunities offered by digitalisation and cloud-adoption."
As at 10.59am, shares in Keppel are trading 8 cents lower at $6.02 with 1.7 million units traded.
