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.

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.

Read also:

Shenzhen's buyers snap up new homes two weekends in a row, defying a government plan to flood China's Silicon Valley with cheap public abodes

Hong Kong's homebuyers snap up every flat on offer during sales launch after banks cut rates for the first time in 11 years

Key property markets in Asia holding strong against global economic uncertainty

Our Sites

Edgeprop.sg (previously known as The Edge Property Singapore) – is the best property portal for home-seekers, buyers, investors and real estate agents alike in Singapore. On EdgeProp, you will be able to find all the latest news and views, informational guides, historical transactions and rental searches, and research data and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDB flats, landed houses or commercial properties, we bring you Singapore’s the most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions.

Make better decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property and find properties below market value in Singapore. Meanwhile, discover all things en bloc, including Singapore en bloc news, trends and our En Bloc Calculator, which helps to determine the probability of a Singapore project being put up for collective sale.

Web Version 3.6.17

Aside from that, EdgeProp also offers a market trend tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heat map that lets you find out where all Singapore’s most popular property sales locations are, a HDB lease tool that lets you calculate your HDB tenure, an affordability calculator, and a property watch list to track your preferred Singapore property by project or location, as well as new launches.

On the lookout for undervalued property or buying to rent? EdgeProp’s powerful search filters let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools and childcare centres, or a good-value condo with a sea view – so that you find exactly what you are looking for.