Keppel Land Ltd : Keppel T&T grows data centre footprint in Singapore

This new development will add more than 6,000 sm of data centre space to cater to the growing demand for high quality data centre space in Singapore.

Keppel Data Centres Holding Pte Ltd (KDCH), a joint venture between Keppel Telecommunications & Transportation Ltd (Keppel T&T) and Keppel Land Limited, has today announced plans to develop its third data centre in Singapore with the completion of the acquisition of a light industrial building from Goodvine Pte Ltd.

Strategically located next to KDCH's existing data centre at Tampines, Keppel Datahub 1 (KDH1), this new data centre (KDH2) will be redeveloped into a high quality data centre facility delivering more than 6,000 sm of data centre space. KDH2 is also designed to deliver power density of more than 2kw per sm to its customers.

KDH2, which is expected to launch in early 2014, follows the completion of the Securus Gore Hill Data Centre in 2012, a development project jointly owned and managed by Securus Data Property Fund and Keppel Data Centres Pte Ltd in Sydney, Australia.

With the inclusion of KDH2 and the portfolio of assets owned through Securus Data Property Fund and Keppel Data Centres, Keppel T&T will own and manage a combined portfolio of nine data centres with more than 46,450 sm of DC space.

Mr Pang Hee Hon, CEO of Keppel T&T said, "Our expansion is timely as it allows us to continue to tap into the robust data centre demand growth in Singapore. We have seen how global digitisation and growth of cloud computing drove the demand for data centres in US and Europe. Key cities in Asia, in particular Singapore are experiencing the same trend and the demand for high quality data centres remains unabated. Keppel is well-poised to leverage our strong data centre development and operational track record to cater to these development opportunities in Asia."

Mr Bruno Lopez, CEO of Keppel Data Centre, said, "KDH2, with its advantageous location will allow us to synergise and expand our operations, reaping greater economies of scale and operational efficiencies. Importantly, our existing clients will also enjoy these operational synergies as they expand with us.

As part of the development, KDH1 and KDH2 will be integrated to create a large-scale data centre complex comprising two Tier 3+ data centres. With Keppel's data centres in Singapore operating at close to full occupancy, KDH2 will allow Keppel T&T to to address the demand for high quality data centre colocation services in the high-growth Singapore market.

In line with Keppel's commitment to environmental sustainability, KDH2 will adopt innovative energy efficient designs in its implementation. The facility will be built to meet the BCA-IDA Green Mark for Data Centres Standard - the newest standard developed by the Infocomm Development Authority and Building Construction Authority for Green Data Centres.

The integrated DC complex will also deploy comprehensive security systems and procedures similar to Keppel's existing DC facilities which are compliant with the guidelines set by the Monetary Authority of Singapore in July 2012.

The abovementioned acquisition is not expected to have material impact on the net tangible assets or earnings per share of Keppel T&T for the current financial year.

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About Keppel Data Centres Holding Pte Ltd (KDCH)

Keppel Data Centres Holdings was formed in January 2011 as a 70-30 joint venture company between Keppel T&T and Keppel Land to consolidate their data centre assets and position the business for further growth. The company currently owns, manages and operates more than 23,200 sm of data centre and business continuity and disaster recovery centre space in Singapore.

KDCH's two data centre assets in Singapore, Keppel Datahub and Keppel Digihub, are carrier-neutral and Tier 3+ facilities, which offer one of the highest levels of reliability and network availability in the industry.

About Keppel Telecommunications & Transportation Ltd

Headquartered in Singapore, Keppel Telecommunications & Transportation Ltd (Keppel T&T) offers integrated services and solutions in two core businesses: logistics and data centre. Keppel T&T is listed on the Singapore Exchange.

Its data centre division provides data centre co-location and business contingency services in Singapore, Malaysia, Australia, Ireland and the UK. Keppel T&T, together with AEP Investment Management, has also set up the Securus Data Property Fund, a Shariah-compliant data centre fund, which invests in a global portfolio of high quality data centre assets.

Helping companies ensure smooth business and IT operations by providing highly resilient and energy-efficient data centres that are reliable and cost-efficient, Keppel T&T serves some of the leading international blue chip companies in the IT and managed services industry.

Keppel T&T is a subsidiary of Keppel Corporation Limited, a Singapore-headquartered multinational company with core businesses in Offshore & Marine, Infrastructure and Property.

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