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ST Telemedia acquires land for flagship data centre in Singapore
Singapore Technologies Telemedia (ST Telemedia), on Tuesday completed the acquisition of land to develop a state-of-the-art flagship data centre in Singapore. The announcement follows ST Telemedia's data centre investment in China's GDS Services last year.
The Singapore facility will be integral to ST Telemedia's long-term global data centre plans, according to a spokeswoman.
Located at Defu Lane and close to mature data centre clusters, the 150,000 square feet facility will be built with the highest Tier III industry standards, and critical certifications such as LEED and BCA-IDA Green Mark. The facility will be supported by a team of data centre experts with execution capability and deep industry relationships.
Demand for data centre space has outstripped supply globally and in Singapore - primarily due to increasing digitisation and growth in the number of online users. According to BroadGroup's 2014 research report, utilisation of data centre space in Singapore is forecasted to remain strong at close to 90 per cent by 2018.
Singapore is well positioned as both Asia's internet connectivity hub and South-east Asia's data centre hub, housing the regional or Asia-Pacific headquarters of more than 80 of the top 100 software and services companies.