Media Resouces
Mapletree wins HK$813 million land tender to develop data centre in Fanling, New Territories, Hong Kong SAR
19 Feb 2021
  • First data centre development in Hong Kong SAR
  • Expected completion in 2023 to satisfy market demand

SINGAPORE – Mapletree Investments Pte Ltd (“Mapletree” or “the Group”) is pleased to announce the successful acquisition of a land parcel at Fanling Sheung Shui Town in New Territories, Hong Kong SAR through its wholly owned subsidiary, Mapletree TM (HKSAR) Limited, at a price of HK$813 million (~S$139.9 million)1. The approximately 4,000 square metres (sqm) industrial site will be developed into a data centre with a maximum gross floor area of 20,140 sqm.

This property will be Mapletree’s first data centre development in Hong Kong SAR. The proposed development is capable of delivering up to 50MVA of building power and can be leased to an end-user or a data centre operator upon completion in 2023.

Mapletree’s Regional Chief Executive Officer for Australia & North Asia, Mr Wong Mun Hoong said, “We are excited about winning this development land parcel. Long-term macro drivers such as growing cloud computing, e-commerce as well as the impending 5G network, are expected to drive demand for data centres. Hong Kong SAR stands out as an attractive location for data centres with its advanced telecommunications infrastructure, reliable power supply at reasonable cost, limited climate risks as well as strong demand from local corporations for cloud services.”

Fanling is within CLP Group’s 132kV Supply Network, allowing for high load data centre development. In addition to serving the Hong Kong SAR market, the planned development is strategically located approximately six kilometres (km) away from Luohu, providing good connectivity for Chinese cloud players based in Shenzhen. The site is also near the two interconnection points, Man Kam To and Lok Ma Chau. This will allow the development to offer strong network connectivity to major cities in Mainland China for speedy and reliable cross-border communications.

The Group’s portfolio in Hong Kong SAR consists of the landmark Festival Walk retail and office property, held by Mapletree North Asia Commercial Trust, and nine logistics properties held by Mapletree Logistics Trust. The Group also owns a portfolio of data centres in Singapore and the United States, held under Mapletree Industrial Trust.

Footnote:
1Exchange Rate: S$1: HK$5.8133 as of 28 December 2020

MEDIA CONTACTS

Grace Lee
   
Pyrena Chu
Manager, Corporate Communications
  Assistant Manager, Corporate Communications
Tel: +65 6377 6218 / 9750 6482
  Tel: +65 6659 3714 / +65 9147 9503
Email: grace.lee@mapletree.com.sg
  Email: pyrena.chu@mapletree.com.sg



ABOUT MAPLETREE

Mapletree is a leading real estate development, investment, capital and property management company headquartered in Singapore. Its strategic focus is to invest in markets and real estate sectors with good growth potential. By combining its key strengths, the Group has established a track record of award-winning projects, and delivers consistent and high returns across real estate asset classes.

As at 31 March 2020, Mapletree owns and manages S$60.5 billion of office, retail, logistics, industrial, data centre, residential, and lodging properties. The Group manages four Singapore-listed real estate investment trusts (“REITs”) and six private equity real estate funds, which hold a diverse portfolio of assets in Asia Pacific, Europe, the United Kingdom (“UK”) and the United States (“US”).

The Group’s assets are located across 13 markets globally, namely Singapore, Australia, Canada, China, Europe, Hong Kong SAR, India, Japan, Malaysia, South Korea, the UK, the US and Vietnam. To support its global operations, Mapletree has established an extensive network of offices in these countries.

For more information, please visit www.mapletree.com.sg.