Keppel Capital, the asset management arm of Singapore’s conglomerate Keppel Group, has agreed to invest 1.5 billion yuan (US$213.8 million) to build a data center in Huizhou, China.
The data center, located in Tonghu Smart City, an industrial complex developed by Country Garden Holdings, will have a gross floor area (GFA) of 45,000 square meters (486,700 square feet) when construction is completed in 2022, according to a statement.
Alpha Data Center Fund, managed by Keppel Capital’s wholly-owned subsidiary Alpha Investment Partners, is responsible for the data center project in Tonghu.
The deal marks the fund’s first asset in China, in tandem with the country’s pursuit of a new infrastructure campaign focusing on information-based, converged and innovative infrastructure, Alpha Investment’s Chief Executive Alvin Mah said in a statement. The data center will be the second by Keppel in the Greater Bay Area (GBA) after one in Hong Kong.
Alpha Investment said it would collaborate with data center operator Shenzhen Huateng Smart Technology to run it based on the world’s highest standard on data hubs. The data center will fit more than 6,000 high-density racks and another 50,000 square meters of floor area could be added for expansion in the future, which would bring the total size to 95,000 square meters.
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