The Alpha Data Centre Fund, managed by Alpha Investment Partners, has acquired a plot of land in Gore Hill Technology Park to develop a data center in Australia, Keppel Corp. said Monday.
Alpha Investment Partners is a wholly owned subsidiary of Keppel Capital, the asset management arm of Keppel Corp.
The new data center, called Keppel DC Sydney 1, will be adjacent to Gore Hill Data Centre, which is part of Keppel DC REIT’s portfolio, Keppel said in a filing to SGX.
“The Alpha DC Fund’s collaboration with Keppel Data Centres on another quality data center development reflects how different business units in the Keppel Group are working together to offer investors unique opportunities,” Alvin Mah, CEO of Alpha, said in the statement.
“By leveraging Keppel Data Centres’ deep operational expertise, our newest data center will be well-positioned to capture data center demand and deliver optimal returns for our investors,” Mah added.
The initial fit-out of the new data center is expected to be completed by the first half of 2021, Keppel said.
Once completed, the data center will have around 57,000 square feet of gross floor area, the filing said. Keppel Data Centres will be the project manager for the construction and after completion, will be responsible for operations, Keppel said.
iseek-KDC Services, a 60:40 joint venture between Keppel Data Centres and Australia-based iseek, will be facility manager for the data center, Keppel said.
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