data centre

AirTrunk raises $450 mil to fund largest 'neutral' data centre in Singapore
SINGAPORE (Apr 15): Data scientists are not the only ones in demand, data centres are too. On April 10, data centre specialist AirTrunk announced that it had raised $450 million in debt financing to expand across Asia-Pacific. For a start, the funds will be used to build the largest “neutral” data centre in Singapore. The financing for this round, announced on April 10, is from Deutsche ...
Facebook to build $1.4 billion data centre in Singapore
(SINGAPORE): Facebook is joining the likes of other technology giants to build data centres in Singapore. The social media giant is building a $1.4 billion 11-storey-high data centre here, its first in Asia and 15th in the world. Google has invested at least US$850 million ($797 million) to build two data centres in Singapore. Alibaba also has data centres here, which it started building in ...
Keppel DC REIT to build Sydney data centre in Macquarie Business Park
SINGAPORE (Aug 7): The manager of Keppel DC REIT (KDC REIT) intends to build a new shell and core data centre on vacant land within the Macquarie Business Park precinct in Sydney, Australia, as an expansion of the Macquarie Telecom data centre campus. The expansion will be named Intellicentre 3 East Data Centre (ID3 East DC) when completed sometime between 2019 and 2020, will feature at least ...
Analysts positive on Keppel DC REIT's latest acquisition, but divided over risks
SINGAPORE (May 8): OCBC Investment Research and Phillip Capital are upgrading their calls on Keppel DC REIT (KDC REIT) to “buy” and "accumulate" with a fair value and target price of $1.54 and $1.51, respectively, following news of the REIT’s acquisition of Kingsland Data Centre for $141.2 million. Meanwhile, CGS-CIMB Securities maintains its “add” call on the trust with a higher ...
Why a data centre at 7 Tai Seng Drive makes 'perfect sense' for Mapletree Industrial: DBS
SINGAPORE (Apr 30): DBS Vickers Securities is maintaining its “buy” call on Mapletree Industrial Trust (MIT) with a target price of $2.22, which has yet to price in the REIT’s potential acquisition of a warehouse at 7 Tai Seng Drive for $68 million from Mapletree Logistics Trust (MLT). In a Monday report, DBS lead analyst Derek Tan highlights that the property was valued at $69 million ...
OCBC lifts the veil on $240 mil purpose-built regional data centre design to withstand attacks
SINGAPORE (Mar 19): OCBC Bank has lifted the veil on a purpose-built regional data centre that it fully owns and operates, with sufficient capacity to meet surging needs for the next 30 years. The $240 million state-of-the-art facility, sited at an undisclosed location in the eastern part of Singapore, has been in use since third quarter last year. Developed over four years, it has a ...
Mapletree Industrial Trust kept at 'hold' despite higher fair value estimate from OCBC
SINGAPORE (Dec 4): OCBC Investment Research is maintaining its “hold” call on Mapletree Industrial Trust (MIT) with a higher fair value estimate of $2.06 compared to $1.92 previously, after raising its FY19 distribution per unit (DPU) projection by 0.9%. This is to account for the trust’s anticipated entry into the overseas data market via its proposed acquisition of a data centre ...
Keppel DC REIT rides regional data centre boom
SINGAPORE (Nov 20): OCBC is maintaining its “buy” call on Keppel DC REIT (KDCREIT) with a target price of $1.50 as the research house believes that the outlook for the data centre industry remains largely sanguine, especially for the APAC region. In a Monday report, analyst Andy Wong Teck Ching believes that the REIT is poised to benefit from this trend given its significant exposure to ...
Oei Hong Leong setting up US$5 bil data centre firm; IPC to acquire stake in AI business
SINGAPORE (Sept 18): Billionaire businessman Oei Hong Leong is upping the ante with plans of a US$5 billion ($6.7 billion) data centre business to propel Singapore forward as a new information technology and investment centre. “Over the past decade, in the field of artificial intelligence, electronic payment and other high-tech areas, Singapore is not really in the leading position,” Oei ...
Huawei’s cognitive data centre reference site launched at Keppel DC Singapore 4
SINGAPORE (May 22): Huawei and Keppel Data Centres – a 70-30 joint venture company between Keppel T&T and Keppel Land – today announced the launch of Huawei’s cognitive data centre reference site at Keppel DC Singapore 4, formerly known as Keppel Datahub 3 or T20. This comes after both Huawei and Keppel Data Centres signed a memorandum of understanding to explore potential ...