Gaw Capital Partners partners Centrin Data to run internet data centres in China

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/ EdgeProp Singapore
|
November 11, 2019 3:41 PM SGT
The data centre in Huaqiao (Credit: Gaw Capital Partners)
Real estate private equity firm Gaw Capital Partners has partnered Centrin Data in a joint venture to acquire, develop and run a portfolio of internet data centres (IDC) in China.
Gaw Capital is raising an IDC fund, which will target such investment opportunities in China.
“We see significant opportunities in the IDC sector, which is fast becoming a major theme in China as the country deepens its embrace of advanced technology,” says Christina Gaw, managing principal and head of capital markets for Gaw Capital Partners.
The first project is the Huaqiao Project in Kunshan, Jiangsu, 40km away from the Shanghai city centre. The project, comprising two phases, has a gross floor area of about 3.23 million sq ft.
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Phase 1 of the project is currently leased to an internet company with 6,400 data-centre racks available. In Phase 2, which is planned for completion in early 2020, more than 25,600 racks will be offered to potential customers.
Centrin Data is an IDC infrastructure provider of integrated IT services, with over 14 years of experience in China’s internet and data services centre.
Currently, Centrin Data has four IDC projects under management - in Beijing; Huaqiao, Jiangsu Province; Wuhan, Hubei Province; and Yantai, Shandong Province.
Collectively, the firm hosts more than 20,000 operational data-centre racks, with a further 55,000 racks currently under construction. Most of the existing data centres are leased to government services, as well as companies in the TMT, banking and insurance sectors.
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