ASIA PACIFIC DATA CENTRE CAP DECK

DATA CENTRE ADVISORY

OUR CAPABILITIES

UPDATED 9 October 2022

Total investment volume into data centres across Asia Pacific hit a new peak in 2021 at approximately US$6B , the fifth consecutive annual increase in volume since 2016

MARKET INSIGHTS

A FORCE

Mainland China has accounted for over 50% of data centre investment volume across the region at US$6B

ASIA PACIFIC DATA CENTRE MARKET

Demand from both American and Chinese hyperscale companies continues to push the greater Asia Pacific region forward. New developer and investor entrants have made major announcements for facilities across most of these markets, while experienced players have also steadily continued their expansion strategies. Pan-Asian portfolios are beginning to surface despite the different political, regulatory, and development requirements across the region. A major development that has cross-regional effects is the expiration of the data centre moratorium in Singapore. As one of the largest markets in the region, the development moratorium established in 2019 had spurred developers to seek opportunities in Jakarta or secondary markets. New requirements in Singapore will still development, but also set higher standards regarding efficiency and sustainability. Other major markets are also looking to reconcile demand with increasing focus on energy efficiency. The industry remains positive and continues to source more sustainable energy sources. 2

India is touted to be the highest consumer of mobile

data in the world with 17GB consumed per user per month

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

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2022 GLOBAL DATA CENTRE MARKET COMPARISON REPORT

In H1 2022, the markets of Hong Kong, Singapore, Sydney, Tokyo, & Jakarta have nearly 750MW in total under active construction

With near-universal growth expected across most markets in 2022, this report sheds light on potential locations for investing in, owning and operating data centre facilities In the 2022 edition of Cushman & Wakefield’s Global Data Centre Market Comparison Report , we evaluate 1,333 data centres in 55 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.

Singapore’s moratorium on data centre construction, in place since 2019, concluded early 2022

GLOBAL REPORT

Singapore finishes the highest in the region for 2022 despite the moratorium that was in place till earlier this year, with Hong Kong moving upward and Sydney again finishing strong. Expect further shifts in coming years as secondary and tertiary regional markets continue their growth, thanks to further cloud services penetration. ASIA PACIFIC TOP 15 MARKETS

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

11 / JAKARTA 12 / KUALA LUMPUR 13 / CHENNAI 14 / DELHI 15 / BANGALORE

01 / SINGAPORE 02 / HONG KONG 03 / SYDNEY

06 / OSAKA 07 / MUMBAI 08 / SHANGHAI 09 / MELBOURNE BEIJING

04 / SEOUL 05 / TOKYO

Source: RCA and Cushman & Wakefield

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/

OUR PEOPLE

JAPAN (along with Todd Olson)

CONFIDENTLY GLOBAL,

KOSUKE OGI Executive Director, Capital Markets, Japan

GREATER CHINA

JOHN SIU Managing Director, Hong Kong

Our Asia Pacific Data Centre Advisory Team as part of our Global Data Centre Advisory Group, has created optimal solutions and location strategies to address highly complex IT requirements for enterprise clients across the region and globally since 2004. Our multi-disciplined team, consisting of experts across a spectrum of advisory services, focus specifically on the data centre market for seamless delivery. Every client requirement is unique; we have the experience to develop long-term strategies that drive wise investment decisions for occupiers, landlords, investors and operators.

KOREA

JOHN PRITCHARD Head of Tenant Advisory Group, Korea

SINGAPORE

BRENDA ONG Executive Director, Logistics & Industrial, Singapore

ASIA PACIFIC DATA CENTRE ADVISORY TEAM (APAC DCAT)

Click on each name to email them

ASIA PACIFIC

EMEA

VIETNAM

ANDREW FRAY International Partner & Head of EMEA Data Centre Advisory Team

VIVEK DAHIYA Head of Asia Pacific Data Centre Advisory Team (APAC DCAT)

TODD OLSON Executive Sponsor,

TRANG BUI General Manager, Vietnam

APAC DCAT & Managing Director, Japan & Korea

AMERICAS

MALAYSIA

REBECCA JUNG Senior Manager,

JEREMY PEARSON Managing Director, Tenant Advisory Group, Asia Pacific

BRITTANY TAYLOR Head of Americas Data Centre Advisory Team

TIFFANY GOH Country Manager, Malaysia

Business Development Services, Asia Pacific

ASIA PACIFIC TRACK RECORD

INDIA (along with Vivek Dahiya)

APAC CENTRES OF EXCELLENCE

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

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

JUN SOCHI Chief Operating Officer, Asia Pacific

170 BROKERS DELIVERING

US$1.9B IN TRANSACTIONS ACROSS

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

TOM GIBSON Head of Project Development Services, Asia Pacific

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

AUSTRALIA

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

CAPITAL MARKETS *

ALEX MOFFATT Director, Logistics & Industrial, Australia

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

249 BROKERS DELIVERING

INDONESIA

US$14B IN TRANSACTIONS ACROSS

WIRA AGUS Director, Industrial & Land Sales, Indonesia

GORDON MARSDEN Regional Director, Capital Markets, Asia Pacific

40M f 2

THAILAND

PROJECT DEVELOPMENT SERVICES *

GARETH POWELL Senior Director, Country Manager, Thailand

DR. DOMINIC BROWN Global Head of Demographic Insights, APAC-lead

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

PHILIPPINES

996 PROJECT MANAGERS

THERESE CASTRO Director, Head of Tenant Advisory Group, Philippines

CATHERINE CHEN Director, Capital Markets Research, Asia Pacific

US$1.2B CAPEX MANAGED ACROSS

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

42 OPERATORS, 168 DATA CENTRES

836MW IN OPERATION

291MW UNDER CONSTRUCTION

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

883MW IN PLANNING

(includes data centres for all colo, hyperscale, telco, captive and ICT services)

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

162 OPERATORS, 235 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.

3,760MW IN OPERATION

1,405MW UNDER CONSTRUCTION

1,852MW IN PLANNING

(includes data centres for all colo, hyperscale, telco, captive and ICT services)

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

OUR TRACK RECORD

CENTRAL INDUSTRIAL BUILDING Location Kwai Chung, Hong Kong Service

Site acquisition & property valuation

Date

2021

24,336ft² (site area) 277,430ft² (data centre redevelopment)

Size

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.

CONTACTS Click on each name to email them

JOHN SIU Managing Director, Hong Kong

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

KEPPEL DATA CENTRES Location

BRILLIANT COLD STORAGE (II) Location Kwai Chung, Hong Kong Service Acquisition advisory Date 2021

Huizhou, Guangdong

Service

Valuation advisory

JEREMY PEARSON Managing Director, Tenant Advisory Group, Asia Pacific

Date

2020

34,600ft² (site area) 293,850ft² (gross area)

Size

486,700ft²

Size

RICKY WONG Executive Director, Capital Markets, Hong Kong SUMMER CHEN Senior Associate Director, Valuation & Advisory Services, Greater China

Our Valuation & Advisory Services team provided fair assessment of the market and development values, supported with sound evidence and market comparables. This project marks the Singapore-based conglomerate’s first foray into Mainland China’s booming data centre industry.

Cushman & Wakefield assisted the client with their first data centre acquisition in Hong Kong, expanding their logistics and data centre portfolio across the region. Keen on finding suitable en-bloc industrial and logistics sites with potential to convert into a data centre, the client has instructed Capital Markets team to provide an in-depth analysis of a portfolio of four industrial properties within one month and we recommended on the best option for the client to pursue.

EVA DENG Associate Director, Capital Markets, China

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

61 OPERATORS, 113 DATA CENTRES

522MW 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.

442MW UNDER CONSTRUCTION

1,490MW IN PLANNING

(includes data centres for all colo, hyperscale, telco, captive and ICT services)

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

MAJOR GLOBAL CLOUD PROVIDER Location Telangana state Service

GAUTAM SARAF Managing Director Mumbai & New Business

Site search, evaluation and acquisition

Site search, evaluation and acquisition

Date

Date

2021

2021

VIVEK DAHIYA Head of Asia Pacific Data Centre Advisory Team

Value

Value

US$50M

US$34M

Power

Power

200+MW

200+MW

Size

Size

348,480ft² (8 acres)

5,009,400+ ft² (115+ acres)

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

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.

In continuous support of the client’s expansion plans across India, we confidentially prepared and executed a comprehensive site acquisition strategy for private freehold and government allotted lands over an 18 month period. Three separate sites in Telangana were combined to create a greenfield availability region for this transaction. Upon development completion, the IT load for this facility will exceed 200MW, making it one of the largest data centre availability regions in India.

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

28 OPERATORS, 60 DATA CENTRES

155MW IN OPERATION

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

163MW UNDER CONSTRUCTION

295MW IN PLANNING

(includes data centres for all colo, hyperscale, telco, captive and ICT services)

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

61 OPERATORS, 182 DATA CENTRES

1,315MW 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.

306MW UNDER CONSTRUCTION

1,062MW IN PLANNING

(includes data centres for all colo, hyperscale, telco, captive and ICT services)

TIER 1 MARKETS TOKYO | OSAKA | INZAI

TIER 2 MARKETS SAITAMA | OSAKA SUBURBAN | TOKYO SUBURBAN

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

47 OPERATORS, 78 DATA CENTRES

551MW IN OPERATION

194MW UNDER CONSTRUCTION

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

572MW IN PLANNING

(includes data centres for all colo, hyperscale, telco, captive and ICT services)

TIER 1 MARKETS SEOUL | GYEONG-GI | INCHEON 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

31 OPERATORS, 42 DATA CENTRES

99MW IN OPERATION

201MW UNDER CONSTRUCTION

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

162MW IN PLANNING

(includes data centres for all colo, hyperscale, telco, captive and ICT services)

TIER 1 MARKETS CYBERJAYA, SELANGOR | SEDENAK, JOHOR

TIER 2 MARKETS BUKIT JALIL, NUSAJAYA TECH PARK, JOHOR

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

31 OPERATORS, 55 DATA CENTRES

912MW 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.

164MW UNDER CONSTRUCTION

129MW IN PLANNING

(includes data centres for all colo, hyperscale, telco, captive and ICT services)

OUR TRACK RECORD

CONTACTS Click on each name to email them

KEPPEL INFRASTRUCTURE TRUST AND 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)

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

Size

215,000ft² (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.

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.

DARREN LU Senior Manager, Industrial Leasing

CONTACTS

VIVEK DAHIYA Head of Asia Pacific Data Centre Advisory Team (APAC DCAT)

TODD OLSON Executive Sponsor, APAC DCAT & Managing Director, Japan & Korea

REBECCA JUNG Senior Manager, Business Development Services, Asia Pacific

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Disclaimer: The information contained within this report is gathered from multiple sources considered to be reliable. The information may contain errors or omissions and is presented without any warranty or representations as to its accuracy. About Cushman & Wakefield Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and approximately 60 countries. In 2021, the firm had revenue of $9.4 billion across core services of property, facilities and project management, leasing, capital markets, and valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.

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