Story image

Alpha DC Fund obtains 70% stake in Singapore data centre in new deal

20 Jul 17

Keppel Data Centers (KDCH) has entered into a share purchase agreement with Thorium DC, a 70-30 joint venture company between the Alpha Data Centre Fund (Alpha DC Fund) and KDCH.

The agreement will see the transfer of the entire issued share capital of Keppel Data Center Singapore 4 (KDC SGP 4) for approximately S$170 million.

This means Alpha Data Center Fund will hold 70% stake in the Singapore data center through its joint venture with KDCH.

KDCH is a 70-30 joint venture between Keppel Telecommunications & Transportation (Keppel T&T) and Keppel Land Limited.

Following the transaction, Keppel T&T will retain an effective interest of approximately 40.7% in KDC SGP 4 through KDCH's respective stakes in Thorium and the Alpha DC Fund.

Thomas Pang, CEO of Keppel T&T, comments, "KDC SGP 4 is a prime showcase of Keppel's capabilities in building an investment grade data centre asset that appeals to investors.”

“KDCH has more than a decade of experience in developing and operating high availability data centres across Asia Pacific and Europe, and is attuned to the stringent requirements of our top tier customers.”

“The injection of this quality asset with green features signals Keppel T&T's commitment to the Alpha DC Fund and the overall growth of the data centre industry."

"The Alpha DC Fund continues to gain traction among investors, and is making positive headway in its investments into quality data centre assets,” says Christina Tan, CEO of Keppel Capital and managing director of Alpha.

“The steady progress is testament to investors' confidence in Keppel Capital's strong investment track record and Keppel's value creation along the entire value chain."

KDC SGP 4 is located in close proximity to KDCH-operated data centres in Tampines, Keppel DC Singapore 2 and 3.

Featuring approximately 182,000 square feet of gross floor area over five floors, the carrier-neutral facility achieved TOP in 2017 and has generated healthy interest, with more than 25% of its data centre space committed.

In addition, KDC SGP 4 incorporates environmentally-friendly features into its design and construction.

The facility received two green certifications in June 2017: the BCA-IMDA Green Mark Award (Platinum) for New Data Centres and the BCA Green Mark Award (Platinum) for Non-residential New Buildings.

Pitfalls to avoid when configuring cloud firewalls
Flexibility and granularity of security controls is good but can still represent a risk for new cloud adopters that don’t recognise some of the configuration pitfalls.
Cisco dominates record-high Ethernet switch & router markets
While the market is flourishing, it’s tough-going as Cisco has increased its majority share of the pie.
Tensions on the rise after Huawei CFO arrest
“Recently our corporate CFO, Meng Wanzhou, was provisionally detained by the Canadian authorities on behalf of the United States of America."
Why total visibility is the key to zero trust
Over time, the basic zero trust model has evolved and matured into what Forrester calls the Zero Trust eXtended (ZTX) Ecosystem.
Gartner names Proofpoint Leader in enterprise information archiving
The report provides a detailed overview of the enterprise information archiving market and evaluates vendors based on completeness of vision and ability to execute.
QNAP introduces new 10GbE and Thunderbolt 3 NAS series
The new series is supposedly an all-in-one NAS solution for file storage, backup, sharing, synchronisation and centralised management. 
HPE to supply tech to Formula E racing team
“At HPE, we believe the future belongs to the fast, and we’re focused on accelerating what’s next for enterprises, including in the world of auto racing."
Data Exchange Networks achieves world-first
After receiving a new Uptime Institute award, DXN is now the first modular data centre developer in the world equipped to blend different standards.