NEWS : ESR Cayman Buys Hong Kong Building For Conversion To A 40MW Data Center21 May 2021
– Wikimedia / Wing
Hong Kong-based real estate company ESR Cayman has made its first data center purchase in Hong Kong – picking up a building to convert into a 40MW data center.
The building in Kwai Chung, part of Hong Kong’s New Territories, will have a value of around $675 million on completion. Details of the building, and the purchase price, were not revealed.
“This is a major strategic move for ESR as it represents our first acquisition in Hong Kong and further establishes our data center franchise,” said Jeffrey Shen and Stuart Gibson, ESR co-founders and co-CEOs.
Hong Kong is an important data center market in the APAC region, with its low electricity costs, limited climate risks, and established network capability.
It is also one of the world’s top financial centers as well as the home to ESR’s headquarters.
For full news article, read from DataCenterDynamics