Local industrial property firm opens first data centre

Singapore

A HOMEGROWN industrial property developer is investing more than S$100 million into its new data centre venture, with the hope that it will ultimately account for more than half of the company's revenue.

The 208,000 square foot, five-storey Kingsland Data Centre, which officially opened its doors on Wednesday, also marked Kingsland Development's first foray into the technology sector. The company already has experience in industrial warehousing and hospitality developments in Singapore, Malaysia and Cambodia.