Data Center News

Singapore and Silicon Valley tie second place in data center rankings

According to Cushman & Wakefield's 2022 Global Data Center Market Comparison report, Singapore now ties with the US's Silicon Valley in its league table of the top data center markets. This means that Singapore is now the top market for data centers in Asia-Pacific, beating Hong Kong (6th ...

February 03, 2022

Singapore

Singapore's moratorium on new data center builds lifts, but what's next?

This week, Singapore's Trade and Industry Minister made an announcement that the country's moratorium on new data center builds, which was introduced back in 2019. Minister Gan Kim Yong said that going forward, a "more selective" approach to new builds will be taken.In a written reply to a par...

January 17, 2022

Singapore

AirTrunk to develop 320MW hyperscale data center in Sydney

AirTrunk has revealed its plans for a new 320MW data center campus in Sydney. Upon completion, the facility will be the largest single hyperscale data center campus in the Asia Pacific region outside of China. The facility will be called SYD3, and it will be located in western Sydney. SYD3 ...

November 05, 2021

AirTrunk

Sustainable Finance: New way to address the environmental footprint of data centers

Much has been said about how data centers adversely affect the environment. However, more data centers have begun to become 'Greener.' Besides, in order to leave a better environmental footprint, many data center companies are now spending more on green energy. Investors and data center fin...

September 27, 2021

Equinix

A commitment to a greener future: AirTrunk converts $1.545bn in sustainability linked loans

AirTrunk has announced it has converted its corporate loan facilities of over AU$2.1 billion (US$1.545bn) into a Sustainability Linked Loan (SLL). The tech company is the latest to join the wave of data center companies pursuing these kinds of loans, alongside Aligned, KPN, and Nabiax.As per ...

September 14, 2021

AirTrunk

Singapore government and Facebook back $S17m project for sustainable tropical data centers

It has been announced that social media giant Facebook and the Singapore government are joining forces to fund a $17 million (S$23m) project to address the need to boost the number of sustainable data centers built in tropical climates. The programme is also being funded by Singapore's Nationa...

June 16, 2021

Singapore

Macquarie finalizes acquisition of AirTrunk

Macquarie has finalized the acquisition of AirTrunk. The deal, which values AirTrunk at $1.9B (USD), was led by Macquarie Asia Infrastructure Fund 2 (MAIF2) and other MIRA-managed partners. The 88% stake was acquired from Goldman Sachs, Sixth Street Partners (formerly TSSP) and from AirTrunk f...

April 08, 2020

AirTrunk

Macquarie to acquire AirTrunk

Bloomberg reports that AirTrunk has agreed to be acquired by Macquaire Infrastructure & Real Assets for $2.1 billion USD ($3 billion AUD). AirTrunk, an Australian based provider, operates data centers in Sydney, Melbourne, and Singapore and has announced plans to open a facility in Hong K...

January 10, 2020

AirTrunk

AirTrunk appoint Mark Adams as Advisory Board Member

AirTrunk today announced the appointment of Mark Adams as an independent advisory board member. Along with advising the AirTrunk board, Mark will provide strategic input into AirTrunk’s Asia-Pacific expansion plan. Mark is a seasoned strategy and M&A executive and brings to AirTrunk his e...

October 28, 2019

AirTrunk

AirTrunk raises $621m for expansion

Singapore-based AirTrunk announced that it has successfully completed an AU$850 million (US$621m) financing round to fund a major expansion of its Australian data centers in Sydney and Melbourne, as well as across key Asia-Pacific markets. Deutsche Bank is the underwriter for the new financing...

August 22, 2018

AirTrunk

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