AirTrunk secures US$450mn financing for Singapore data centre

By Marcus Lawrence
AirTrunk, a hyperscale data centre specialist, has announced that it has secured the US$450mn financing for its proposed hyperscale data centre in Singa...

AirTrunk, a hyperscale data centre specialist, has announced that it has secured the US$450mn financing for its proposed hyperscale data centre in Singapore, enabling it to begin its expansion in the Asia Pacific region.

The facility will be the largest of its kind in Singapore, designed specifically for hyperscale cloud, content and enterprise customers, and is set to cater to strong consumer demand for the company’s services.

AirTrunk added in its statement that the move comes in the wake of the considerable success of its flagship Australian operations based in Melbourne and Sydney.

“The rapid growth of cloud and evolving needs of enterprises are driving demand for hyperscale capacity in the region,” said Michael Juniper, Chief Commercial Officer and Executive Director of AirTrunk, in the firm’s press release. 

SEE ALSO:

“Singapore is a strategic data centre hub due to its economic and political stability and rich connectivity to Asia, the USA, and Europe.”

Juniper added: “AirTrunk’s inaugural Singapore data centre is set to be operational in mid-2020 and will showcase our unmatched deployment speed, scalability, reliability and cost efficiency. 

“We are committed to developing a sustainable digital ecosystem, delivering an industry-low power usage effectiveness (PUE) and BCA Green Mark Platinum certification.”

Deutsche Bank, Goldman Sachs and Natixis provided the debt financing, with additional equity capital provided by CEO Robin Kuda, Goldman Sachs and TPG Sixth Street Partners.

Share

Featured Articles

How Red Bull & Oracle are already winning with data

Amr Elrawi, Director, Sports Marketing and Business Development, Oracle, joined TECH LIVE LONDON to discuss how data built success with Red Bull Racing

Exec Q&A: Alex Cruz-Farmer, Cisco ThousandEyes

Alex Cruz-Farmer, Principal Product Manager at Cisco ThousandEyes, explains how their technology brings new levels of visibility to hidden DX issues.

Cloud & 5G - Day 2 highlights from the in-person stage

TECH LIVE LONDON returned to the Tobacco Dock last week. Stage host and Technology Magazine Editor in Chief, Alex Tuck, breaks down the presentations

Cloud & 5G - Day 1 highlights from the in-person stage

Cloud & Cybersecurity

TECH LIVE LONDON: Day 2 highlights of the hybrid tech show

Digital Transformation

TECH LIVE LONDON: An overview of the hybrid technology show

Digital Transformation