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Cushman & Wakefield Successfully Handles the sale of 1-Net North DC

data centre

Cushman & Wakefield was mandated by DataCentre One (owned by Keppel Infrastructure Trust and WDC Development Pte Ltd) to conduct the tender for the sale of 1-Net North Data Centre in June 2019 and eventually sold the 100 per cent interest in DataCentre One for $200.2 million.

Shaun Poh, Executive Director, Capital Markets, Cushman & Wakefield who handled the sale said “The sale is noteworthy given that the supply of data centres is tight across Asia, particularly in Singapore. Data centres are tightly held in the city-state, typically by Telcos, conglomerates and REITs and hardly offered in the market. The tight supply situation is compounded by the fact that Singapore has pledged to reduce carbon emissions putting a lid on the allocation of land for data centre use as these assets consume high volumes of energy. As expected, this tender attracted sizeable interest from investors both local and international.”

1-Net North DC is located at 18 Riverside Road and spans 200,000 sq ft in available area. It offers stable, secure and high-powered infrastructure for digitised content, the facility has achieved Uptime Institute Tier 3 certification and conforms with the Monetary Authority of Singapore's Threat Vulnerability Risk Assessment (TVRA) specifications.

1-Net North has also attained Green Mark GoldPlus certification under the Green Mark for Data Centres rating system jointly developed by Singapore’s Building and Construction Authority and Infocomm Development Authority. The rating system recognises performance efficiencies in areas such as energy, water and environment, with a significantly higher emphasis placed on energy performance.

For further information, please contact:

Shaun Poh
Head, Capital Markets
+65 6232 0882
shaun.poh@cushwake.com

Geraldine Cheong
Associate Director, Communications, Singapore
+65 6317 8349/ 96916449
geraldine.cheong@cushwake.com