Agreement signed with Mapletree Industrial Trust to develop new data
center to meet security requirements for financial customers in Singapore
REDWOOD CITY, Calif. & SINGAPORE--(BUSINESS WIRE)--Mar. 27, 2013--
Inc. (Nasdaq: EQIX),
the global interconnection and data center company, and Mapletree
Industrial Trust (SGX: ME8U), a
leading industrial real estate investment trust listed in Singapore,
today announced plans to build Equinix’s third International Business
data center in Singapore. The new data center will further extend
Platform Equinix™ to meet strong demand for premium interconnection and
data center services in Singapore from financial and cloud companies.
The new Singapore IBX will be located in close proximity to Equinix’s
existing SG1 data center at one-north. Both data centers will be
interconnected through a dedicated fiber network, allowing customers in
SG1 to expand their business within the Equinix platform. The new IBX
will also meet the changing security requirements for financial
customers including compliance with guidelines set by the Monetary
Authority of Singapore in July 2012.
Scheduled to launch in the second half of 2014, the new IBX data center
will provide approximately 385,000 square feet of gross floor area and
5,000 cabinets over multiple phases, significantly expanding Equinix’s
presence in Singapore to better meet customer demand.
“Singapore is growing in importance as a cloud hub for the region.
Global and multinational companies have seen Singapore as a gateway for
diverse connectivity to the other Asia Pacific markets,” said Clement
Goh, managing director of Equinix South Asia. “Equinix is committed to
catering to the increasing demand for data center and interconnection
services in Singapore. Our new data center will help our financial and
cloud customers drive new business and collaboration opportunities,
improve performance and reduce operational cost with low latency and
“We are pleased to work with Equinix as it achieves another milestone
with the development of its third IBX data center in Singapore. The
commitment from Equinix demonstrates its confidence in MIT’s development
capabilities in customizing high specification industrial facilities.
This collaboration allows Equinix to focus on its core business while
MIT manages the capital expenditure and development process,” said Tham
Kuo Wei, chief executive officer of Mapletree Industrial Trust
Management Ltd., the manager of MIT.
This is MIT’s second data center development and the second
build-to-suit project secured in the financial year ending 31 March
2013. The new Equinix IBX data center will be a seven-story high
specification building situated within one-north, a 200-hectare
development by JTC Corporation designed to host a cluster of world-class
research facilities and business park space to support growth in the
biomedical sciences, infocomm technology, media, physical sciences and
engineering industries. Located in the southwestern region of Singapore,
the property can be easily accessed via major expressways and is well
connected by the public transportation network.
About Mapletree Industrial Trust
Mapletree Industrial Trust is a Singapore-focused Real Estate Investment
Trust that invests in a diversified portfolio of income-producing real
estate used primarily for industrial purposes, whether wholly or
partially, in Singapore, as well as real estate-related assets.
MIT’s portfolio of 81 properties in Singapore is valued at approximately
S$2.7 billion as at 31 March 2012 and has a total gross floor area of
approximately 1.8 million square metres. MIT has a large and diversified
tenant base of more than 2,000 multi-national companies and local
enterprises. MIT is managed by Mapletree Industrial Trust Management
Ltd. and sponsored by Mapletree Investments Pte Ltd.www.mapletreeindustrialtrust.com.
About Mapletree Industrial Trust Management Ltd.
Mapletree Industrial Trust Management Ltd. is the Manager of MIT. It
manages MIT’s assets and liabilities for the benefit of the Unitholders,
sets MIT’s strategic directions and provides recommendations on the
acquisition, divestment, development and/or enhancement of MIT’s assets
in accordance with MIT’s investment strategy. Employing active asset
management, acquisition growth, capital and risk management, and
selective development strategies, MITM seeks to generate returns for
Unitholders by providing regular and stable distributions, as well as
through achieving long-term growth in distribution per unit and net
asset value per unit. Mapletree Industrial Trust Management Ltd. is a
wholly-owned subsidiary of Mapletree Investments Pte Ltd.
Equinix, Inc. (Nasdaq: EQIX), connects more than 4,000 companies
directly to their customers and partners inside the world’s most
networked data centers. Today, businesses leverage the Equinix
interconnection platform in 31 strategic markets across the Americas,
EMEA and Asia-Pacific. www.equinix.com.
Forward Looking Statements
This press release contains forward-looking statements that involve
risks and uncertainties. Actual results may differ materially from
expectations discussed in such forward-looking statements. Factors that
might cause such differences include, but are not limited to, the
challenges of acquiring, operating and developing IBX centers, including
risks related to construction, project management and the delivery of
services; unanticipated costs or difficulties relating to the
integration of companies acquired or will acquire into Equinix; a
failure by Equinix to receive significant revenue from customers in
recently built out or acquired data centers; failure to complete any
financing arrangements contemplated from time to time; competition from
existing and new competitors; the ability to generate sufficient cash
flow or otherwise obtain funds to repay new or outstanding indebtedness;
the loss or decline in business from our key customers; and other risks
described from time to time in the entities’ filings with the Securities
and Exchange Commission and the Singapore Exchange Securities Trading
Limited respectively. In particular, see Equinix’s recent quarterly and
annual reports filed with the Securities and Exchange Commission, copies
of which are available upon request from Equinix. Both entities do not
assume any obligation to update the forward-looking information
contained in this press release.
Source: Equinix, Inc.
Equinix Media Contact (Corporate)
Media Contact (Americas)
GolinHarris for Equinix
Media Contact (Asia Pacific)
Little-Bigelow, +852 2970 7742
Media Contact (Singapore):
LEWIS Public Relations
Daryanani / Laurent Decosse, +65 6571 9140
Investor Relations Contact
Katrina Rymill, +1 650-598-6583
Industrial Trust Investor Relations & Media Contact
Tan, +65 6377 6113