Transactions - FEBRUARY 19, 2021

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Mapletree to develop data center in Fanling, New Territories, Hong Kong

by Andrea Zander

Mapletree Investments has acquired a land parcel at Fanling Sheung Shui Town in New Territories, Hong Kong SAR through its wholly owned subsidiary, Mapletree TM (HKSAR) Ltd., at a price of HK$813 million (S$139.9 million/$105.68 million). The approximately 4,000-square-meter (43,000-square-foot) industrial site will be developed into a data center with a maximum gross floor area of 20,140 square meters (216,800 square feet).

This property will be Mapletree’s first data center development in Hong Kong. The proposed development is capable of delivering up to 50MVA of building power and can be leased to an end-user or a data center operator upon completion in 2023.

Wong Mun Hoong, Mapletree’s regional CEO for Australia and North Asia, said, “We are excited about winning this development land parcel. Long-term macro drivers — such as growing cloud computing, ecommerce as well as the impending 5G network — are expected to drive demand for data centers. Hong Kong S

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