{"id":1349,"date":"2021-05-21T19:41:31","date_gmt":"2021-05-21T11:41:31","guid":{"rendered":"https:\/\/www.powerpartners-awi.com\/?p=1349"},"modified":"2024-01-12T03:21:20","modified_gmt":"2024-01-12T03:21:20","slug":"esr-cayman-buys-hong-kong-building-for-conversion","status":"publish","type":"post","link":"https:\/\/www.powerpartners-awi.com\/uat\/esr-cayman-buys-hong-kong-building-for-conversion\/","title":{"rendered":"NEWS : ESR Cayman Buys Hong Kong Building For Conversion To A 40MW Data Center"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.powerpartners-awi.com\/wp-content\/uploads\/2021\/05\/Kwai_Chung_Skyline_201004.width-358.jpg\" alt=\"\" class=\"alignnone\" \/><span><em><span style=\"font-size: 10pt;\">\u2013 Wikimedia \/ Wing<\/span><\/em><\/p>\n<p>Hong Kong-based real estate company ESR Cayman has made its first data center purchase in Hong Kong &#8211; picking up a building to convert into a 40MW data center.<\/span><\/p>\n<p style=\"text-align: justify;\"><span>The building in Kwai Chung, part of Hong Kong&#8217;s New Territories, will have a value of around $675 million on completion. Details of the building, and the purchase price, were not revealed.<\/p>\n<p><em>\u201cThis is a major strategic move for ESR as it represents our first acquisition in Hong Kong and further establishes our data center franchise,\u201d said Jeffrey Shen and Stuart Gibson, ESR co-founders and co-CEOs.\u00a0<\/em><br \/>\n<\/span><\/p>\n<p style=\"text-align: justify;\"><span>Hong Kong is an important data center market in the APAC region, with its low electricity costs, limited climate risks, and established network capability.<\/span><\/p>\n<p style=\"text-align: justify;\"><span>It is also one of the world\u2019s top financial centers as well as the home to ESR\u2019s headquarters.<\/span><\/p>\n<p style=\"text-align: justify;\"><span><em><strong>For full news article, read from <\/strong><\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u2013 Wikimedia \/ Wing Hong Kong-based real estate company ESR Cayman has made its first data center purchase in Hong Kong &#8211; picking up a building to convert into a 40MW data center. The building in Kwai Chung, part of Hong Kong&#8217;s New Territories, will have a value of around $675 million on completion. Details [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2037,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1],"tags":[34,73,75,87],"class_list":["post-1349","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-data-center","tag-colocation","tag-dataprotection","tag-cloudcomputing"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.powerpartners-awi.com\/uat\/wp-json\/wp\/v2\/posts\/1349","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.powerpartners-awi.com\/uat\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.powerpartners-awi.com\/uat\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.powerpartners-awi.com\/uat\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.powerpartners-awi.com\/uat\/wp-json\/wp\/v2\/comments?post=1349"}],"version-history":[{"count":4,"href":"https:\/\/www.powerpartners-awi.com\/uat\/wp-json\/wp\/v2\/posts\/1349\/revisions"}],"predecessor-version":[{"id":2351,"href":"https:\/\/www.powerpartners-awi.com\/uat\/wp-json\/wp\/v2\/posts\/1349\/revisions\/2351"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.powerpartners-awi.com\/uat\/wp-json\/wp\/v2\/media\/2037"}],"wp:attachment":[{"href":"https:\/\/www.powerpartners-awi.com\/uat\/wp-json\/wp\/v2\/media?parent=1349"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.powerpartners-awi.com\/uat\/wp-json\/wp\/v2\/categories?post=1349"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.powerpartners-awi.com\/uat\/wp-json\/wp\/v2\/tags?post=1349"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}