Equinix opens S$290M SG6 data centre under Singapore's new framework
US operator Equinix has opened its sixth Singapore data centre, SG6, with an initial investment of about S$290 million. The facility delivers 8 megawatts across 1,550 cabinets in its first phase and is among the first built under Singapore's data centre call for application framework.
US data centre operator Equinix has opened SG6, its sixth facility in Singapore, with an initial investment of about S$290 million, the company said. The facility provides 8 megawatts across 1,550 cabinets in its first phase and is designed for liquid cooling with a power usage effectiveness of 1.20, with up to 20MW available at full build-out.
SG6 is among the first data centres built under Singapore's data centre call for application framework, Equinix said. The company is also developing a 50MW Jurong Island site, which will be its seventh facility in the city-state.
In other Asia-Pacific real estate news, Australia's Lendlease said the agreement to sell its stake in the MSG North mixed-use development in Milan has been terminated, ending the A$90 million ($63.2 million) in cash proceeds it expected in the first half of its financial 2027. Lendlease, which had agreed to sell the rights to an investment group led by Italian developer Bizzi & Partners, said it is pursuing alternative transactions and may have to fund project obligations of A$160 million if none is finalised by 31 December.
Hong Kong's New World Development and US investor Ares Management have agreed to sell 18 office units on the 28th floor of their Cheung Sha Wan tower at 83 Wing Hong Street in Kowloon to display chip designer Solomon Systech for HK$130.4 million ($16.6 million), according to the buyer's filing. Solomon, which plans to relocate from leased premises, is paying HK$11,198 per square foot for the 11,646 square feet (1,082 square metres) of saleable space.
Singapore family office Royal Group and Dubai-based Sunset Hospitality Group have agreed to scrap their partnership on the 171-room Casa Mett hotel on the former Ming Arcade site at 21 Cuscaden Road off Orchard Road. Royal now targets a second-quarter 2027 opening under a new operator, the Business Times reported. Royal paid S$172 million ($134.5 million), or S$3,125 per square foot of permissible floor area, for the site in a December 2022 collective sale.
India's AdaniConneX has agreed to buy a 100 per cent stake in Vizag Mega Data Center Park, which owns a land parcel and key licences in the port city of Visakhapatnam in Andhra Pradesh, for INR 10.9 billion ($114.3 million), according to an exchange filing. The cash purchase is due to close by 10 November and needs no regulatory approvals.
A venture led by Japan's Nippon Steel Kowa Real Estate has contracted to buy the former JR Kyushu headquarters in the port city of Kitakyushu for JPY 93.1 million ($600,000). The company plans to turn the six-storey, 5,635-square-metre (60,660 square feet) building into a 97-room hotel, with construction starting in June 2028 for a January 2030 opening.
