data centre

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.

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 built-up floor area of 134,500 sq ft and features various energy-saving design features to help boost power consumption.

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 portfolio in the US by the way of a joint venture (JV) with its sponsor, Mapletree Investments – which has led to the research house raising terminal growth estimates to 1.2% from 1% previously.

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 the region.

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