Keppel Data Centre Fund II (KDCF II) has entered into a strategic partnership with Heying, a wholly owned subsidiary of Tianjin Zhengxin Group Co., to jointly develop a greenfield data center in Greater Beijing.
This latest development marks Keppel’s sixth project since entering mainland China’s data-center market in 2020.
KDCF II, managed by Alpha Investment Partners, which is the private fund management arm of Keppel Capital, will acquire a majority stake in Huailai Data Centre and jointly develop the property with Heying. The total development cost of the project is about RMB 1.4 billion ($207 million). In addition, Keppel Data Centres will collaborate with Heying to implement global best practices for data-center operations at Huailai Data Centre.
Located in Huailai County, Hebei Province, Huailai Data Centre is situated on a 3.3-hectare (8.2-acre) land plot that forms part of a larger data-center campus, spanning 29.7 hectares (73.4 acres). The campus i