The Business Times
business-time-50

GIC and Equinix to build 2 data centres in Seoul with US$525m joint venture

Michelle Zhu

Michelle Zhu

Published Thu, Jan 27, 2022 · 09:50 PM

    Singapore

    SINGAPORE'S sovereign wealth fund GIC is establishing a US$525 million joint venture (JV) with Equinix that will see both parties develop and operate 2 xScale data centres in Seoul, Korea.

    In a press statement on Thursday (Jan 27), the Nasdaq-listed US data centre firm said its new JV will be in the form of a limited liability partnership with GIC, which is expected to close in Q1 of 2022.

    GICData centres

    TRENDING NOW

    PSD’s review followed claims in a working paper that civil servants had disproportionately bought properties near planned but unannounced MRT stations.

    8 public officers referred to police over property buys near unannounced MRT stations: Chan Chun Sing

    Among retrenched PMETs who have found work again, about six in 10 earn more than before their retrenchment at both the 12 and 24-month marks.

    Retrenched PMETs who return on lower pay see median 25% wage cut

    From shy teenager to outspoken philanthropist, Chloe Tong has come a long way.

    Grab CEO’s wife Chloe Tong on life with Anthony Tan and finding her purpose

    Some of the fastest growth is being recorded across a cluster of northern industrial provinces closely tied to electronics manufacturing and global supply chains.

    Vietnam’s northern provinces, not Hanoi or Ho Chi Minh City, are powering near 10% GDP growth

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More