ST Telemedia Global Data Centres has announced its expansion into Indonesia while Singapore-based real estate major CapitaLand has acquired the remaining 50% stake in Dalian Ascendas IT Park.
ST Telemedia Global Data Centres expands in Indonesia
ST Telemedia Global Data Centres (STT GDC), a Singapore-based data centre service provider, has announced a strategic partnership with Indonesian conglomerate Triputra Group as well as Temasek to develop a new data centre operating platform in Jakarta.
The new joint venture plans to build their first data centre campus in the Greenland International Industrial Centre, located in Kota Deltamas, Cikarang, Bekasi. This new data centre campus will support the development of multiple buildings and up to 72MW of critical IT capacity.
Construction of the first phase is expected to commence in the coming months and is anticipated to be completed by Q1 2023.
“This joint venture marks our strategic entry into the Indonesia data centre market and is an important step for STT GDC to reinforce its position as a leading data centre player in the Asia Pacific. We are pleased to have Triputra and Temasek as our partners, both stalwarts with deep market expertise in their respective fields,” said Bruno Lopez, President and Group CEO, STT GDC.
CapitaLand acquires remaining 50% stake in Dalian Ascendas IT Park
Singapore-based real estate major CapitaLand has acquired the remaining 50% stake in Dalian Ascendas IT Park for RMB 501 million ($78.5 million), according to Theedgesingapore.com
The Temasek-controlled giant acquired Dalian Ascendas IT Park from Hong Kong-listed Yida China through CapitaLand’s wholly-owned subsidiary Ascendas (China).
In April, CapitaLand announced that it is expanding into China’s data centre market, the world’s second-largest and the largest in the Asia Pacific, by acquiring its first hyper-scale data centre in Shanghai for 3.66 billion ($564 million).
CapitaLand said the acquisition of the data centre campus will be made through the purchase of 100% equity interest in two companies registered in China – AVIC Trust, an investment arm of Shanghai-listed AVIC Capital, and from an unrelated third-party vendor.