data centre

ST Telemedia makes strategic investment to take controlling interest in 2nd Watch

SINGAPORE (Oct 10): Temasek-owned ST Telemedia (STT) has entered into a definitive agreement to make a strategic investment for a controlling interest in cloud service provider 2nd Watch.

Seattle-based 2nd Watch is an AWS Partner Network Premier Consulting Partner and a Microsoft Azure Gold Partner.

In a statement on Thursday, STT says all existing shareholders of 2nd Watch – including Madrona Venture Group, Columbia Capital and Delta-v Capital – will continue to retain a significant shareholding in the company following the investment.

Data is the new black gold

SINGAPORE (Sept 23): In a few fiery moments, the drone strikes on Saudi Aramco’s main facility at Abqaiq cut 5% off the global oil supply. Oil prices surged as much as 20% when the markets reopened as analysts scrambled to make sense of the impact. The IPO of state-owned oil company Saudi Aramco, already delayed multiple times, seemed likely to be pushed back again, amid major damage to its operations, which accounted for half of the kingdom’s oil production.

Princeton Digital acquires assets in China and Singapore as part of US$500 mil expansion plan

SINGAPORE (Sept 2): Singapore-based internet infrastructure company Princeton Digital Group (PDG) reported that it has acquired assets and land for data center development in China and Singapore as part of a US$500 million ($695 million) investment to fuel its expansion across Asia.

This announcement follows PDG’s recent acquisition of a 70% stake in telco operator XL Axiata’s data centre portfolio in Indonesia, making the group the only company that owns data centres in China, Singapore, and Indonesia – three of the fastest-growing digital economies. PDG also operates in India.

Protest data breaches threaten Hong Kong's hub ambitions

(July 29): Hong Kong’s ambitions to be an international data-centre hub are a potential casualty of the city’s mass protests.

Privacy breaches stemming from a summer of clashes between demonstrators and police threaten to erode confidence in the city as a base for foreign companies to set up storage facilities.

To alleviate concerns, the government needs to improve security and regulation in the handling of sensitive data.

Last month, dozens of protesters were arrested after being treated in the emergency ward of a public hospital following battles with riot police.

GIC partners Polymer Connected to develop data centre campus in Jakarta

SINGAPORE (June 13): GIC, global long-term investor and manager of Singapore’s foreign reserves, and data centre provider Polymer Connected today announced a partnership to develop a data centre campus in Jakarta, Indonesia.

To be located in Jakarta Barat, the campus will be the first green Indonesian data centre to utilise Jakarta’s natural gas network to produce electricity.

Under the partnership, Polymer Connected has acquired the land to build the campus – its first in Indonesia.

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.

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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 ($1.16 billion) to build two data centres in Singapore. Alibaba also has data centres here, which it started building in 2015.

Facebook’s 170,000 sqm facility will likely turn operational in phases, starting in 2022, and would support hundreds of jobs.

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 86,000 sq ft of lettable area.

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 target price of $1.49 compared to $1.47 previously.

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 by independent valuers Cushman & Wakefield and Savills, which was notably higher than the valuation of $36.1 million on MLT’s books.

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