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Hwa Hong sells freehold data centre building in Paya Lebar Road for S$140 million

New owner understood to be an entity linked to BDx, which operates the data centre

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Kalpana Rashiwala

Kalpana Rashiwala

Published Mon, Mar 4, 2024 · 09:31 PM
    • OneTen Paya Lebar will have redevelopment potential if the height restriction on the site is lifted and the plot ratio increased, after the relocation of Paya Lebar Air Base.
    • OneTen Paya Lebar will have redevelopment potential if the height restriction on the site is lifted and the plot ratio increased, after the relocation of Paya Lebar Air Base. PHOTO: GOOGLE MAPS

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    HWA Hong Corporation has sold OneTen Paya Lebar, an eight-storey high-tech industrial building that houses a data centre, for S$140 million.

    The new owner is understood to be an entity linked to Big Data Exchange (BDx), which operates the data centre facility in the freehold building.

    BDx, which was already the sole tenant in the building prior to the deal, also operates a chain of data centres in China, Hong Kong and Indonesia, according to information on its website. The company is a portfolio asset of I Squared Capital, a private equity group headquartered in Miami.

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