Keppel T&T grows data centre footprint in Singapore
This new development will add more than 6,000 sm of data centre space to cater to the growing demand for high quality data centre space in Singapore, said in the company's press release.
Keppel Data Centres Holding Pte Ltd (KDCH), a joint venture between Keppel Telecommunications & Transportation Ltd (Keppel T&T) and Keppel Land Limited, has today announced plans to develop its third data centre in Singapore with the completion of the acquisition of a light industrial building from Goodvine Pte Ltd.
Strategically located next to KDCH's existing data centre at Tampines, Keppel Datahub 1 (KDH1), this new data centre (KDH2) will be redeveloped into a high quality data centre facility delivering more than 6,000 sm of data centre space. KDH2 is also designed to deliver power density of more than 2kw per sm to its customers.
KDH2, which is expected to launch in early 2014, follows the completion of the Securus Gore Hill Data Centre in 2012, a development project jointly owned and managed by Securus Data Property Fund and Keppel Data Centres Pte Ltd in Sydney, Australia.
With the inclusion of KDH2 and the portfolio of assets owned through Securus Data Property Fund and Keppel Data Centres, Keppel T&T will own and manage a combined portfolio of nine data centres with more than 46,450 sm of DC space.
Mr Pang Hee Hon, CEO of Keppel T&T said, "Our expansion is timely as it allows us to continue to tap into the robust data centre demand growth in Singapore. We have seen how global digitisation and growth of cloud computing drove the demand for data centres in US and Europe. Key cities in Asia, in particular Singapore are experiencing the same trend and the demand for high quality data centres remains unabated. Keppel is well-poised to leverage our strong data centre development and operational track record to cater to these development opportunities in Asia."
Mr Bruno Lopez, CEO of Keppel Data Centre, said, "KDH2, with its advantageous location will allow us to synergise and expand our operations, reaping greater economies of scale and operational efficiencies. Importantly, our existing clients will also enjoy these operational synergies as they expand with us.
As part of the development, KDH1 and KDH2 will be integrated to create a large-scale data centre complex comprising two Tier 3+ data centres. With Keppel's data centres in Singapore operating at close to full occupancy, KDH2 will allow Keppel T&T to to address the demand for high quality data centre colocation services in the high-growth Singapore market.
In line with Keppel's commitment to environmental sustainability, KDH2 will adopt innovative energy efficient designs in its implementation. The facility will be built to meet the BCA-IDA Green Mark for Data Centres Standard - the newest standard developed by the Infocomm Development Authority and Building Construction Authority for Green Data Centres.
The integrated DC complex will also deploy comprehensive security systems and procedures similar to Keppel's existing DC facilities which are compliant with the guidelines set by the Monetary Authority of Singapore in July 2012.
The abovementioned acquisition is not expected to have material impact on the net tangible assets or earnings per share of Keppel T&T for the current financial year.