ASIA PACIFIC DATA CENTRE CAP DECK

CHUNGHWA POST DATA CENTRE Location Taoyuan City, Taiwan Service

ZOOMLION Location

OUR TRACK RECORD

Changsha, Hunan

Service

Landlord representation for leasing

Project and construction management

CONTACTS Click on each name to email them

Date

Date

2024

Ongoing till 2024

Power

Power

8MW

3MW

Size

Size

180,000sqft

182,986sqft (data centre only)

JOHN SIU Managing Director, Hong Kong

Cushman & Wakefield was consigned by Chunghwa Post to advise them on completing the public tender process for leasing its data centre project in Taoyuan, Taiwan. Following an extensive market research, an overall adjustment of the leasing conditions and the coordination of the electricity acquisition, the Chunghwa Post data centre was successfully leased by a regional data centre service provider. This 20-year lease is the first successful leasing case of its kind initiated by the government-owned company.

Partnering closely with Zoomlion and HENN Architects, Cushman & Wakefield China have been commissioned to oversee the construction of the client's new headquarters, including their Greater China central data control centre. This iconic project is a central feature of Changsha City's smart industrial and high-tech city plan. Appointed to project manage the greenfield shell + core construction and internal fit-out of this exciting space, the project is currently under construction and is due to complete in 2024.

ANDREW CHAN Managing Director, Head of Valuation & Advisory Services, Greater China SUMMER CHEN Senior Associate Director, Valuation & Advisory Services, Greater China RICKY WONG Executive Director, Capital Markets, Hong Kong

BIG DATA EXCHANGE (BDX) Location

CENTRAL INDUSTRIAL BUILDING Location

Kwai Chung, Hong Kong

Kwai Chung, Hong Kong

Service

Service

Tenant representation for lease acquisition

Site acquisition & property valuation

Date

Date

2023 and 2024

2021

Power

10MW + 2MW

24,336sqft (site area) 277,430sqft (data centre redevelopment)

Size

EVA DENG Associate Director, Capital Markets, China

Size

192,000sqft in three phases

DAVID CHEN Assistant Manager, Valuation Services, Taiwan

Cushman & Wakefield was engaged by BDx in the lease acquisition of their third DC site in Hong Kong for business expansion. Following an extensive market search and thorough technical evaluation of several shortlisted building options, BDx decided to kick off the negotiation for pre-leasing the major portion of a brand-new industrial building developed by Sino Land for data centre conversion. Following an intensive 18-month lease negotiation and legal documentation process, both BDx and Sino Land entered into a legally binding agreement prior to the occupation permit of the building. The transaction was the biggest of its kind in Hong Kong at the time.

Despite strong competition from various buyers and the tight completion time frame the seller aims to divest, our Capital Markets and Industrial & Logistics teams helped our client to secure the site and assured him the power supply for future data centre redevelopment. We successfully managed the seller’s price expectations even though the market was trending upwards. As a publicly listed data centre service provider, the client was required to undergo stringent and comprehensive due diligence process, our Hong Kong Valuation & Advisory team also completed a valuation report to meet client’s requirement.

ROSANNA TANG Head of Research, Hong Kong

CUSHMAN & WAKEFIELD | ASIA PACIFIC DATA CENTRE MARKET OVERVIEW

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