ASIA PACIFIC DATA CENTRE CAP DECK

MARKET INSIGHTS

73% of investment into data centres across Asia Pacific in 2022 was cross-border, with almost half flowing from the U.S.

A FORCE

India is touted to be the highest consumer of mobile data in the world with 17GB consumed per user per month

ASIA PACIFIC DATA CENTRE MARKET

As the largest data centre markets in the region face challenges when it came to site and power availability, operators have sought both new submarkets in major markets to grow as well as aggressive expansion into secondary and emerging markets across the region. Primary Markets – Singapore, Hong Kong, Sydney, Seoul, Tokyo, Mumbai The top six markets in the region continued to experience growth despite headwinds originating from lack of available land sites, power availability and regulatory frameworks in certain locales. Combined, there is 3.1GW either under construction or in planning across these markets. Growth Markets – Johor, Jakarta, Hyderabad, Bangkok, Manila, Ho Chi Minh Another critical trend has been the intense interest in smaller, emergent data centre markets across the region. As operator, investor and tenant interest has grown, these emerging markets have demonstrated either substantial pipeline announcements or marked interest from major cloud or colocation providers.

Singapore’s moratorium expired in early 2022, followed by an introduction of new policies and parameters which have reopened this key market

Hyperscale cloud revenue across the region is expected to grow to US$221B by 2027

VIEW LATEST UPDATE

Subscribe to receive regular updates from us on What’s Next for Data Centres , here

2023 GLOBAL DATA CENTRE MARKET COMPARISON REPORT

In H2 2022, Hong Kong, Singapore, Sydney, Tokyo, Seoul & Mumbai have more than 3.1GW under construction or in planning

The 2023 Global Data Centre Market Comparison reviews all factors outlined in the previous edition of this report, with further commentary on a region by-region basis. In this latest report, we evaluate 1,600+ data centres in 63 markets across the globe within 13 different categories to determine the overall top ten markets globally, as well as the top performers in each category. The goal of this system is to mirror how data centre markets truly function and to identify what factors data centre investors, owners, operators and occupants value.

There has been marked interest from major cloud or colocation providers in smaller, emergent markets Johor, Jakarta, Hyderabad, Bangkok, Manila & Ho Chi Minh

GLOBAL REPORT

With more accurate data on the size and scope of data centre deployments in mainland China, Beijing and Shanghai have both risen notably in the rankings. Singapore, Tokyo and Sydney continue to be the other largest data centre clusters in the region. In 2022, Singapore lifted its development moratorium that had placed a halt on development and put new guidelines for development in place that promote responsible development, energy usage and sustainable practices. 2023 ASIA PACIFIC TOP 10 MARKETS

Tokyo & Sydney are expected to become 1GW markets over the next few years

03 / SYDNEY* SEOUL* 07 / MUMBAI

02 / HONG KONG

01 / SINGAPORE

05 / TOKYO

06 / BEIJING

10 /

08 / SHANGHAI

09 / MELBOURNE

KUALA LUMPUR

*Ranking tie

OUR CLIENTS & SERVICES

THE ENTIRE DATA CENTRE

SUSTAINABILITY ADVISORY

We have helped our clients navigate the real estate and IT challenges that come with managing their data centre strategies across the entire data centre real estate cycle.

DIVESTMENT STRATEGY

CLIENT TYPES  ENTERPRISE USERS  COLOCATION PROVIDERS  HYPERSCALERS  SECTOR INVESTORS  SECTOR DEVELOPERS

FINANCING & LENDING ADVISORY

OCCUPIERS

VALUATION ADVISORY

$

$

SITE DUE DILIGENCE

INVESTORS

KEY CLIENTS

PURCHASE / LEASE NEGOTIATIONS

LOCATION & REQUIREMENT STRATEGY

CONSTRUCTION ADVISORY

BROWNFIELD / GREENFIELD SITE ACQUISITION

PARTNERING WITH YOU AT EACH STEP

Focused on technical requirements and best practices, we undertake strategy, benchmarking and lifecycle cost analysis across each engagement to find opportunities that will drive down operation costs, while advising on real estate strategies that position you for what’s next

FACILITIES MANAGEMENT

PORTFOLIO MANAGEMENT

05/

01/

DEFINE THE NEED Your requirement is defined by learning your objectives, business drivers, risk profile, infrastructure and redundancy needs, latency requirements and occupancy initiatives. IDENTIFY OPPORTUNITIES We conduct research and create a customised market report using proprietary tools, then assess the market dynamics, opportunities, and risks before we develop a strategy and make recommendations for the mandate. ALIGN WITH CLIENT We coordinate physical tours, identify best options, assist with technical inspections and determining the short list selections for the proposal process, while incorporating all the essential stakeholders. QUALIFY OPTIONS From drafting and distributing and managing the LOIs or RFPs, to preparing executive summaries and creating detailed analyses, we assist you with qualifying the most suitable options.

BUILD CONSENSUS At the forefront of our services on behalf of our clients is our leadership in building internal consensus and obtaining approvals across IT, finance, real estate and risk departments. GUIDE NEGOTIATIONS Our goal is to help you achieve the best economic, technical and legal advantages in your contract. To that end, we guide and advise you through the course of negotiations. SUPPORT AFTER EXECUTION Following the final stages of internal approvals and contract execution, we continue to serve by providing convenient transaction summaries of contract terms and calendar reminders for future critical dates.

02/

06/

COLOCATION & IT ADVISORY

03/

TENANT REPRESENTATION

07/

04/

ASIA PACIFIC TRACK RECORD

LOGISTICS & INDUSTRIAL * * These statistics show an average of the last 2 years (2020– 2021)

170 BROKERS DELIVERING

APAC CENTRES OF EXCELLENCE JUN SOCHI Chief Operating Officer, Asia Pacific

ANDREW CHAN Managing Director, Head of Valuation & Advisory Services, Greater China

US$1.9B IN TRANSACTIONS ACROSS

122M f 2 LAND SOLD & 17M f 2 LEASED

AUSTRALIA

ALEX MOFFATT Director, Logistics & Industrial, Australia

TOM GIBSON Head of Project Development Services, Asia Pacific

CAPITAL MARKETS *

* These statistics show an average of the last 3 years (2019 – 2021)

INDONESIA

249 BROKERS DELIVERING

DENNIS YEO Head of Investor Services, Logistics & Industrial, Asia Pacific

WIRA AGUS Director, Industrial & Land Sales, Indonesia

US$14B IN TRANSACTIONS ACROSS

THAILAND

40M f 2

GORDON MARSDEN Head of Capital Markets, Asia Pacific

GARETH POWELL Senior Director, Integrated Facilities Management, Thailand

PROJECT DEVELOPMENT SERVICES *

PHILIPPINES

THERESE CASTRO Director, Head of Tenant Advisory Group, Philippines

DR. DOMINIC BROWN Head of Insight & Analysis, Asia Pacific

* These statistics show an average of the last 3 years (2019 – 2021)

996 PROJECT MANAGERS

INDIA (along with Vivek Dahiya)

US$1.2B CAPEX MANAGED ACROSS

CATHERINE CHEN Director, Capital Markets Research, Asia Pacific

SHIVANI JADON Assistant Vice President Data Centre & Cloud Advisory, India

73M+ f 2 AND 649 PROJECTS

MARKET INSIGHTS

Australia boasts a global primary market in Sydney and Melbourne and expanding edge locations such as Perth and Darwin that serve as landing stations for regional undersea cables. Two new cable systems will be completed in Brisbane over the next few years, connecting the city to the east coast of Australia, Singapore, Indonesia, New Zealand, Hawaii and Los Angeles. The relative lack of land constraints will serve Australia well in coming years as other large regional markets work through these difficulties. Local enterprise and government users have rapidly absorbed new capacity brought to market.

KEY INDICATORS

38 OPERATORS, 138 DATA CENTRES

1,161MW IN OPERATION

611MW UC / PLANNED

Local enterprise and government users have rapidly absorbed new capacity brought to market.

16% VACANCY

(Key indicators are based on operational Hyperscale Cloud, Colo, Edge & Telco data centre facilities in the market and excludes Captive & ICT.)

TIER 1 MARKETS SYDNEY | MELBOURNE

TIER 2 MARKETS PERTH | DARWIN | CANBERRA | BRISBANE

OUR TRACK RECORD

TOP FOUR NATIONAL BANKING INSTITUTION Location Sydney

Facilities management Sustainability services

Service

Date

Ongoing since 2011

Power

3MW

Size

120,900ft² NLA (11,232m²)

Following on from a previous contract, the client re-engaged our services for another 5-year term with exclusive extension terms negotiated for another 2 years. Both contracts involved the facilities management of mission critical infrastructure, including capacity management and environmental reporting to ensure efficient operations, such as tracking the energy, water and waste consumption of the property, and the PUE. Several energy efficiency upgrades were also completed, including decommissioning the trigeneration system, lighting upgrades, installation of PV solar and rainwater harvesting systems.

CONTACTS Click on each name to email them

ALEX MOFFATT Director, Logistics & Industrial, Australia

ORLANDO MACIEL Head of Industrial, New South Wales

WOOLWORTHS LIMITED Location Eastern Creek Service

ASIA PACIFIC DATA CENTRES GROUP Location

Melbourne (M1), Sydney (S1), Perth (P1)

Service

Portfolio disposal advisory

Disposal & leaseback advisory

GRANT BULSTRODE Senior Director, Tenant Advisory Group

Date

2018

Date

2015

Value

AU$163M

Value

AU$74M

DAVID NORMAN Director, Industrial Sales & Leasing

Power

37MW total across three data centres

Power

11MW

Size

46,893m 2 total building area

Size

9,500m 2 building area, 3ha land area

REECE WHITE Head of Operations Occupier Services, Australia

The portfolio was strongly contested and acquired by NEXTDC who held a 29.2% interest and were also the sole tenants of the three facilities under long-term lease arrangements. The acquisition was in line with NEXTDC’s plans to build out their significant pipeline of data centre developments across Australia.

The client disposed and leased back the data centre which was acquired by DCI Data Centres.

STEWART ARMSTRONG Associate Director, Client Services, Project Management

MARKET INSIGHTS

Greater China is rapidly growing into a large global data centre market, with massive primary locations in Beijing, Shanghai, and the Greater Bay Area, and an array of secondary cities with their own large-scale capacity. Chinese hyperscale services provide the bulk of the tenancy in core markets, though telcos continue to operate a large number of data centres. Financial institutions, large scale manufacturers, and state-owned enterprises are embarking on their own journeys to the cloud or a hybrid IT structure, with development swelling to meet these needs. Appetite for services continues to grow, although power availability is a concern moving forward for the largest builds.

KEY INDICATORS

41 OPERATORS, 281 DATA CENTRES

Financial institutions, large-scale manufacturers, and state-owned enterprises are embarking on their own journeys to the cloud or a hybrid IT structure, with development swelling to meet these needs.

3,751MW IN OPERATION

1,728MW UNDER CONSTRUCTION

10.7% VACANCY

(Key indicators are based on operational Hyperscale Cloud, Colo, Edge & Telco data centre facilities in the market and excludes Captive & ICT.)

TIER 1 MARKETS BEIJING | GUANGZHOU | HONG KONG | SHANGHAI | SHENZHEN TIER 2 MARKETS TIANJIN | CHONGQING | CHENGDU | HANGZHOU | NANJING

MARKET INSIGHTS

India has rapidly expanded from an initial core market in Mumbai to six large markets including Chennai, Hyderabad, Delhi, Pune, and Bangalore, with a multitude of international operators moving into the country to compete for hyperscale business. After a gradual initial pace, all major cloud services are now active in-country, most with multiple regions in key markets and with plans to expand further. Sites that can support data centre builds are changing hands quickly, with several half-gigawatt campuses now in planning at final build.

KEY INDICATORS

17 OPERATORS, 80 DATA CENTRES

764MW IN OPERATION

After a gradual initial pace, all major cloud services are now active in-country, most with multiple regions in key markets and with plans to expand further.

1,472MW UC / PLANNED

24% VACANCY

(Key indicators are based on operational Hyperscale Cloud, Colo, Edge & Telco data centre facilities in the market and excludes Captive & ICT.)

TIER 1 MARKETS MUMBAI | CHENNAI | HYDERABAD TIER 2 MARKETS DELHI NCR | PUNE | BANGALORE

GLOBAL CLOUD PROVIDER Location Maharashtra state Service

The client exclusively appointed Cushman & Wakefield to source a suitable off-premise data centre colocation service provider located close to the delivery centre in Bangalore. We collated various offers from the market for client to benchmark pricing and ultimately shortlisted three potential sites for client to consider. Despite the client having existing relationships with various providers, we were able to negotiate the terms confidentially on their behalf, securing a competitive lease with NTT Data. GLOBAL COMPUTER SECURITY SOFTWARE COMPANY Location Bangalore Service Colocation rack space leasing Date 2022 Demand Size 100 racks

OUR TRACK RECORD

Site search, evaluation and acquisition

Date

2021

US$100M LAND ACQUIRED 450+MW AGGREGATE POWER 800K f 2 BTS TRANSACTED 200+ COLO RACKS LEASED

Value

US$65M

Power

150+MW

Size

1,568,160+ ft² (36+ acres)

We supported the client in preparing and executing a comprehensive site acquisition strategy for private, leasehold lands over a 12 month period. Two separate sites in Maharashtra were acquired to add to our Client’s presence and set-up a robust availability region. Upon development completion, the IT load for this facility will exceed 150MW. The transactions were concluded in record time even though multiple approvals and condition precedents were to be undertaken before site acquisition.

CONTACTS Click on each name to email them

GLOBAL CLOUD PROVIDER Location Maharashtra state Service

ADANI DATA CENTRES Location Chennai Service

GAUTAM SARAF Managing Director Mumbai & New Business

Site search, evaluation and acquisition

Project & construction management

Date

Date

2021

2022

VIVEK DAHIYA Head of Asia Pacific Data Centre Advisory Team

Value

Power

US$50M

25MW

Power

Size

200+MW

400,000ft²

Size

348,480ft² (8 acres)

DEEPENDRA SHUKLA Director, Data Centres, Cloud & IT Advisory, India

We worked closely with the client to deliver their latest Chennai built-to-order 25MW data centre. Appointed to manage the greenfield shell and core construction, Cushman & Wakefield oversaw the appointment of the project’s builders, worked directly with nominated infrastructure and IT partners as part of this highly successful project that is due for market operation in early January 2023. Our Project Development Services team leveraged our extensive market knowledge, data centre expertise and regional partnerships to deliver this key project on time and within budget.

Involving complex coordination between our teams in Australia, Singapore, Japan, Hong Kong, U.S. and India, we assisted the client in securing a site to build a 200+MW data centre in Navi, Mumbai. 20 site options that were on sales and/or on long lease terms were proposed and underwent strict legal, technical, soil and environment evaluations. The final deal structure was negotiated as a Built-to-Suit on long term lease with option to buy and based on the total development potential of 450,000 sq. ft. in phase 1 followed by an additional 450,000 sq. ft. in potential future planning.

GAURAV PANDEY Assistant Vice President, Data Centres SHIVANI JADON Assistant Vice President, Data Centres

MARKET INSIGHTS

The Indonesian data centre market has rocketed to major market status over the past few years, with Jakarta in particular expecting to triple in size over the next two. Locally the market has largely skipped over the intermediate colocation step, as five major cloud services will be running by early 2022, providing the vast majority of new data centre tenancy in Jakarta. The market thus provides an attractive battleground for data centre business in coming years, with enterprises and the customers they serve all increasing in needs and sophistication.

KEY INDICATORS

19 OPERATORS, 57 DATA CENTRES

162MW IN OPERATION

The Indonesian data centre market has rocketed to major market status over the past few years.

545MW UC / PLANNED

30% VACANCY

(Key indicators are based on operational Hyperscale Cloud, Colo, Edge & Telco data centre facilities in the market and excludes Captive & ICT.)

TIER 1 MARKETS JAKARTA | SURABAYA | BANDUNG

TIER 2 MARKETS MEDAN | BATAM | PEKANBARU

OUR TRACK RECORD

GLOBAL DIGITAL EDGE COMPANY Location Jakarta

Acquisition advisory Project management

Service

2021 acquisition 2022 – 2023 construction

Date

Value

US$17.3M (land)

Power

3MW (post development)

65,000ft² (land) 408,361ft² (GFA post development)

Size

As part of this digital edge company’s national expansion activities and in a move to boost Indonesia as a strategic digital hub in the region, Cushman & Wakefield assisted the client with the procurement of one of the first greenfield data centres projects within the estate. The site needed to be suitable and approved for data centre development and required complex power and fibre optic routes, with all prerequisites discussed and ratified by relevant stakeholders. Post acquisition, we were appointed by the client as project and construction managers for a multi storey, tier 3+ colocation data centre facility on site with maximum total MW critical load across 15 storeys and approximately 408,361ft2. The interior fit-out will include 5 – 8kW racks, office space and other requisites, including mechanical, electrical, and plumbing.

CONTACTS Click on each name to email them

WIRA AGUS Director, Industrial & Land Sales

HENDRA SAN Manager, Industrial & Land Sales

FENNY SUKARDI Director, Tenant Advisory Group

DWITJE WANGSADIPUTRA Director, Project Management

The site needed to be suitable and approved for data centre development and required complex power and fibre optic routes.

MINA ONDANG Director, Investment

MARKET INSIGHTS

Japan is a more mature data centre market than most regional countries, with advanced telcos building a dense infrastructure of data centres decades before most countries received any sort of deployment. Continuing to the current day, these telcos now compete with an increasingly international array of data centre operators, with Tokyo a global hub and large-scale development underway outside the city proper in Inzai. Osaka has now followed Tokyo’s lead as a data centre destination, with several new projects expanding the local market.

KEY INDICATORS

26 OPERATORS, 133 DATA CENTRES

1,089MW IN OPERATION

Japan is a more mature data centre market than most regional countries, with advanced telcos building a dense infrastructure of data centres decades before most countries received any sort of deployment.

1,358MW UC / PLANNED

12% VACANCY

(Key indicators are based on operational Hyperscale Cloud, Colo, Edge & Telco data centre facilities in the market and excludes Captive & ICT.)

TIER 1 MARKETS GREATER TOKYO TIER 2 MARKETS OSAKA

OUR TRACK RECORD

CONTACTS Click on each name to email them

GLOBAL CLOUD COMPUTING FIRM Location Inzai

LEADING INVESTMENT FIRM Location Tokyo Service Asset Management Power 48MW Size 360,000ft²

TODD OLSON Managing Director, Japan & Korea (North Asia)

Acquisition advisory & construction management

Service

Power

50MW

KOSUKE OGI Executive Director, Capital Markets, Japan

Size

4,090,286ft² (380,000m²)

Sourced site and introduced an investor to fund land acquisition and construction. We also negotiated a long-term sale-leaseback at favourable terms. We managed construction and provision of power to complete the data centre on time and within budget.

Assisted land acquisition and re-purposing of the buildings into data centres – ongoing projects.

HIROKI TAKATSUKA Director, Logistics & Industrial Services, Japan YASUSHI OTOMO Director, Project & Development Services, Japan

MARKET INSIGHTS

Often overlooked in a comparison of primary data centre markets, Seoul and by extension the entire South Korean market has an extensive mix of options backed by telcos and large tech companies and is now gaining international entrants in the form of major US-based data centre REITs. Most large Korean conglomerates operate very sophisticated internal architecture, and the surrounding tech sector is well used to working with major cloud services. While there are occasional concerns over land cost and power, growth is expected to continue rapidly in Seoul and to a lesser extent in smaller regional cities.

KEY INDICATORS

16 OPERATORS, 47 DATA CENTRES

392MW IN OPERATION

801MW UNDER CONSTRUCTION

Local enterprise and government users have rapidly absorbed new capacity brought to market.

5% VACANCY

(Key indicators are based on operational Hyperscale Cloud, Colo, Edge & Telco data centre facilities in the market and excludes Captive & ICT.)

TIER 1 MARKETS GREATER METROPOLITAN SEOUL TIER 2 MARKETS BUSAN | DAEJOEN | GWANGJU

OUR TRACK RECORD

CONTACTS Click on each name to email them

K-FLOWER CITY (DEVELOPER) Location Yongin-si, Gyeonggi do Service Disposal advisory Date 2020 Value US$134M Power 200MW Size 380,000ft² (35,331m 2 )

Originally planned to be developed for a different purpose, we advised the client on obtaining approval to secure power to the site in order to market and dispose as a data centre developable site instead.

JOHN PRITCHARD Head of Tenant Advisory Group, Korea JIYEOUL LEE Associate Director, Capital Markets, Korea DANNY PARK Senior Manager, Tenant Advisory Group

Originally planned to be developed for a different purpose, we advised the client on obtaining approval to secure power to the site in order to market and dispose as a data centre developable site instead. 200MW capability was secured, attracting significant attention from investors. It was the largest data centre deal carried out in the country at time of transaction.

MARKET INSIGHTS

The rising trend in data centre market in Malaysia last year, is expected to witness steady growth in the coming years. Malaysia is considered one of the prime data centre markets in Southeast Asia due to the abundant availability of resources and favourable government policies in relation to data centre infrastructures, the competitive cost of power, cheaper access to the site and lower construction costs compared to other Southeast Asia countries.

KEY INDICATORS

11 OPERATORS, 27 DATA CENTRES

97MW IN OPERATION

296MW UC / PLANNED

Malaysia is considered one of the prime data centre markets in Southeast Asia.

21% VACANCY

(Key indicators are based on operational Hyperscale Cloud, Colo, Edge & Telco data centre facilities in the market and excludes Captive & ICT.)

TIER 1 MARKETS KUALA LUMPUR | CYBERJAYA | SELANGOR | JOHOR

TIER 2 MARKETS PENANG | NUSAJAYA

OUR TRACK RECORD

US$44M AGGREGATE VALUE 25MW AGGREGATE POWER 220,000f 2 TRANSACTED

CONTACTS Click on each name to email them

PCCW SOLUTIONS Location Cyberjaya Service

INFINAXIS CAPITAL Location Cyberjaya Service

TIFFANY GOH Country Manager, Malaysia

Acquisition advisory

Acquisition advisory

Power

Up to 5MW

Power

Planned for 20 MW

Size

60,000ft² data centre on 2 acres of land

Size

Land: 3.1 acre

HEMA JAYARAMAN Manager, Capital Markets, Malaysia

Date

2020

Value

Land : US$5.2M (RM23M)

Date

2022

With aims to expand their data centre footprint in Malaysia, the client appointed Cushman & Wakefield affiliate IVPS Real Estate to carry out a market study that evaluated the data centre market in Cyberjaya. An existing data centre that met the technical requirements of the client was identified and site tours, technical due diligence reviews and price negotiations were coordinated till a successful transaction was completed within 6 months.

We were appointed by the client to source land with access to minimum 20MW for a potential data centre development in Cyberjaya. More than 30 land options were proposed, which were assessed for power availability and fibre connectivity. Two plots of land were identified as suitable for their power and fibre availability, and proximity to telecommunication services. Due diligence and sale and purchase reviews were executed, and the transaction was completed smoothly with limited power attorney provided to expedite on the necessary planning approvals.

MARKET INSIGHTS

Despite the moratorium on new builds, which were recently lifted, Singapore remains a strong location for data centre deployment, with dense connectivity both locally and internationally thanks to a large number of undersea cables and more on the way, offering plenty of peering opportunities. The city is often chosen by enterprises for their single regional location, though available large-scale capacity is now difficult to find.

KEY INDICATORS

23 OPERATORS, 47 DATA CENTRES

876MW IN OPERATION

With dense connectivity both locally and internationally thanks to a large number of undersea cables and more on the way, Singapore offers plenty of peering opportunities.

170MW UC / PLANNED

2% VACANCY

(Key indicators are based on operational Hyperscale Cloud, Colo, Edge & Telco data centre facilities in the market and excludes Captive & ICT.)

OUR TRACK RECORD

GLOBAL HYPERSCALE CLOUD PROVIDER Service Construction & fit-out Date Ongoing from 2021 Power 50MW

In 2022, our Singapore Project Development Services (PDS) team completed the first two phases of construction and fit-out for one of Singapore’s latest greenfield data centre facilities. The scope comprised of both precast and insitu elements, site infrastructure works, underground equipment chambers, rooftop equipment installations and authority compliance and handovers. The team overcame the challenges of completing the construction through 2021 and 2022 amidst the Covid-19 pandemic control measures, global supply chain and manpower shortages. The team have also secured additional construction management and building consultancy services including providing Registered Inspection (RI) services on this project, and other client project sites.

CONTACTS Click on each name to email them

KEPPEL INFRASTRUCTURE TRUST & SHIMIZU Location 1-Net North Data Centre Service Disposal advisory Power 50MW Value US$148.2M

GLOBAL CLOUD COMPUTING SERVICES FIRM Service Built-to-Suit & leaseback Date 2018 Power Up to 20MVA Value US$50M Size 242,000ft² (GFA) Noting our track record on similar assignments regionally, the client approached Cushman & Wakefield for their first built-to-suit data centre and leaseback requirements in Singapore. The Capital Markets project team ran a highly confidential and rigorous 4-stage RFP process, which leveraged our extensive client network and local market expertise. The assignment was appointed to Mapletree Industrial Trust as the project’s builder and landlord at a competitive occupancy cost that was approximately 20% lower than the market rate.

BRENDA ONG Executive Director, Logistics & Industrial

CHRIS CARVER Head of Valuation & Advisory

Up to 30MVA of power capacity and 12MB of IT power

Power

CHRISTINE HO Associate Director, Client Services, PDS

Size

215,000ft² (GFA)

DARREN LU Senior Manager, Industrial Leasing

A noteworthy transaction in the city-state where data centres are rarely offered in the market. Compounded by the government enforced moratorium, the asset was sold with technology security and sustainability certifications attained.