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1-Net North Data Centre sold for $200.2 mil

By Bong Xin Ying

/ EdgeProp Singapore |

September 18, 2019 7:15 PM SGT

SINGAPORE (EDGEPROP) - DataCentre One, a joint venture between Keppel Infrastructure Trust and WDC Development, has sold 1-Net North Data Centre for $200.2 million.

Located at 18 Riverside Road, 1-Net North Data Centre has 200,000 sq ft in available area. The facility has achieved Uptime Institute Tier 3 certification, and conforms with the Monetary Authority of Singapore’s Threat Vulnerability Risk Assessment (TVRA) specifications. It offers stable, secure and high-powered infrastructure for digitised content.

It has Green Mark GoldPlus certification under the Green Mark for Data Centres rating system.

Cushman & Wakefield (C&W) handled the data-centre sale. With the supply of data centres tightening across Asia and particularly for Singapore, Shaun Poh, executive director, capital markets, of C&W, describes the sale as “noteworthy”.

“Data centres are tightly held in the city-state, typically by telcos, conglomerates and Reits, and hardly offered in the market. The tight supply situation is compounded by the fact that Singapore has pledged to reduce carbon emissions, putting a lid on the allocation of land for data centre use as these assets consume high volumes of energy,” says Poh.

Tags:

Singapore Property News 1-Net North Data Centre C&W Keppel Infrastructure Trust WDC Development

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