CapitaLand India Trust to set up its third data centre in India
By MYBRANDBOOK
CapitaLand India Trust Management Pte Ltd, the trustee-manager of CapitaLand India Trust (CLINT), is acquiring a 4.01-acre freehold site in Ambattur, Chennai for Rs 832.8 million to develop its third data centre in India.
CapitaLand India Trust will invest an estimated total amount of Rs 19.4 billion to acquire the site and develop a state-of-the-art data centre in phases over the next four to five years. The acquisition of the site is expected to be completed by December 2022.
The data centre will have a power capacity of 55 megawatts to host customers such as global technology giants and cloud service providers, as well as large domestic enterprise clients. The data centre is scheduled to be completed by end-2025. When fully developed, the data centre will have the capacity to host around 4,900 racks.
Sanjeev Dasgupta, Chief Executive Officer, CLINT said, “The acquisition site is in a prime data centre location in Ambattur, close to sea cable landing stations, reliable power supply and a well-developed infrastructure. When fully developed, the data centre will have the capacity to host about 4,900 racks and operate at an efficient power usage effectiveness of approximately 1.45.”
Patrick Boocock, CEO (private equity alternative assets), CLI, said, “In the last five years, $14 billion has been invested in India’s data centre sector, and the amount is expected to cross $20 billion by 2025. CapitaLand’s strong core competencies in data centre design, development and operations will enable us to seize opportunities in the country as we build our new economy portfolio globally.”
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