Frasers Property, STT GDC begin work on Thai hyperscale data centre

By Chalida Ekvitthayavechnukul

May 21, 2019

Frasers Property (Thailand) Pcl and Singapore-based ST Telemedia Global Data Centres have commenced work on Thailand’s largest hyperscale data centre, according to an announcement.

The two companies have formed a joint venture and envisage a total investment of over 7 billion baht ($219.24 million) in the project.

The data centre will span two buildings in Ramkhamhaeng, Bangkok. The first building with a gross floor area of 30,000 square metres is expected to be completed in 2021.

“This collaboration will broaden FPT’s ability to offer comprehensive services from industrial buildings to data centre services to our customers,” said Frasers Property president Sopon Racharaksa. “We expect a strong demand from banking and financial institutions, e-commerce players, global cloud operators, MNC’s and local corporates.”

According to Thailand’s Board of Investment, the digital economy is expected to contribute up to a quarter of the country’s gross domestic product (GDP) by 2027. Meanwhile, the data centre market in ASEAN is projected to grow from $1.9 billion in 2017 to $5.4 billion in 2024 at a compound annual growth rate (CAGR) of 16.1 per cent.

ST Telemedia Global Data Centres currently operates 80 data centres across Singapore, China, India, Thailand and the United Kingdom.

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In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.
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