Jul 19, 2022 | Posted by Abdul-Rahman Oladimeji
Keppel has announced that it is developing a data center in Greater Beijing, China. According to the Singaporean company, its Keppel Data Centre Fund II LP (KDCF II) has partnered with Heying to develop a greenfield data center facility in Greater Beijing, China. KDCF II is managed by Keppel’s private fund management arm, Alpha Investment Partners Limited. Alpha will acquire the major stake in Huailai Data Centre. It will also develop the property in conjunction with Heying.
The Huailai Data Centre is located in Huailei County, in Hebei Province. It sits on 3.3 hectares of land. Keppel is developing the data center in phases. The company is also looking to fully develop the data center by Q1 2023. In addition, the Huailai Data Centre will have a gross floor area of 63,000 square meters (678,807 square feet). It will also have the capacity to house over 5,700 high-density racks. Keppel plans to invest up to RMB 1.4 billion ($207.7 million) in developing the data center.
The CEO of Alpha, Alvin Mah, said: “We are pleased to partner with Heying to enter into one of China’s largest data centre hubs. Demand for data centers in China has been resilient, attracting strong investor interest. Keppel Data Centre Fund II LP is well-positioned to seize investment opportunities in this growing sector as we are able to collaborate with the wider Keppel Group to provide robust and reliable data center solutions.”
The Huailai facility will be Keppel DC’s sixth data center development in the Asian country since 2020.
