A subsidiary of SGX-listed Keppel Corporation has acquired a 3,840 square metre plot to build a data centre in Sydney, Australia.
The Alpha Data Centre Fund acquired the freehold land in Gore Hill Technology Park for an undisclosed amount. The fund is managed by Alpha Investment Partners, a wholly-owned subsidiary of Keppel Capital.
The new data centre, Keppel DC Sydney 1 (KDC SY 1), will be located adjacent to Gore Hill Data Centre, an existing data centre under Keppel’s REIT arm, Keppel DC REIT.
Upon completion, the data centre will have approximately 57,000 square feet (sq ft) of gross floor area (GFA) built to tier III equivalent specifications. Keppel Data Centres Holding will be appointed as project manager for the construction of the data centre and following its completion, be responsible for its operations.
iseek-KDC Services Pty Ltd (iseek-KDC), a 60:40 joint venture between Keppel Data Centre and iseek will be appointed as the facility manager for the data centre. iseek-KDC has been providing facility management services since 2012 to Gore Hill Data Centre.
Alvin Mah, CEO of Alpha, said, “The Alpha DC Fund’s collaboration with Keppel Data Centres on another quality data centre development reflects how different business units in the Keppel Group are working together to offer investors unique opportunities. By leveraging Keppel Data Centres’ deep operational expertise, our newest data centre will be well-positioned to capture data centre demand and deliver optimal returns for our investors.”