Story image

Mapletree Industrial Trust to build $60m 'built-to-suit' data center in Singapore

08 Mar 17

Mapletree Industrial Trust is embarking on a project to develop a built-to-suit data center in Singapore, with a price tag of S$60 million.

The new data center will be built for an established data center operator and located in the West Region of Singapore, with a planned completion date in the second half of 2018.

The data center will reach 242,000 square feet in floor area and will tower six storeys high. The company says it will be leased to the client for more than 10 years, with staggered rental hikes and options for renewal.

 “This BTS project marks MIT’s third data center development and reinforces the strategy to grow the Hi-Tech Buildings segment by providing customised industrial real estate solutions,” says Tham Kuo Wei, CEO of the manager.

Mapletree says the new data center brings various benefits to the company, including a stronger and diversified portfolio, a better hold in the growing data center market and also brings in more contribution from the ICT sector.

The proposed site is amongst a specialised industrial park for data centers, which features ready-built infrastructure catered to support multinationals and enterprises. 

“The long-term lease commitment from an established client in the fast growing data center market will offer portfolio diversification and income stability to unitholders. We look forward to embarking on MIT’s latest BTS project, underscoring our capabilities in creating value through development projects.”

This is Mapletree’s third data center development in its portfolio. In 2010 the company completed the Tata Communications Exchange. In 2015 the company built a center for Equinix Singapore.

Chayora announces a strategic partnership with Sinnet Technology
Chayora, a Hong Kong-based data center infrastructure company, announced that it has entered into a strategic partnership with Beijing Sinnet Technology.
Commvault fully integrates backup with Cisco Hyperflex
Its IntelliSnap technology has been validated to work with Cisco HyperFlex hyper-converged systems without the need for third-party tools.
Huawei continues 5G trials despite ongoing concern
Huawei completed the 5G NR test at 2.6GHz spectrum in the 5G trial organised by the IMT-2020 (5G) Promotion Group. 
Experts comment on record 772mil-user data breach
Dubbed “Collection #1”, the data set contains emails and passwords with over a billion unique combinations of email addresses and passwords.
Top risk facing organisations? Why, it’s an IT talent famine
For some time there has been talk about how the IT industry is crying out for new talent and skills, which a lot of people have glossed over. But now Gartner says it is a harsh reality.
HPE invests in services with new A/NZ execs 
With IT services spend growing in Australia and New Zealand, HPE is appointing execs for software and technology services in the South Pacific.
Inspur’s server delivery to Baidu claims new record
After an urgent request, Inspur delivered a shipment of rack scale servers of more than 10,000 nodes to a Baidu data centre - equating to one server delivered every 2.88 seconds.
LISA Double Access fibre management system to launch at Cisco Live
“In a data centre, the protection of the fibre is key, which is exactly what the LISA Double Access offers customers.”