CapitaLand subsidiary invests $216.6m in first India data centre

It will be one of the largest data centre campuses in Airoli, Navi Mumbai.

CapitaLand’s subsidiary, Ascendas India Trust (a-iTrust), will be investing INR12 billion ($216.6 million) to develop and operate phase one of its first data centre campus in Airoli, a growing data centre hub in Navi Mumbai.

According to Ascendas India’s manager, Ascendas Property Fund Trustee Pte. Ltd., the 6.6-acre greenfield site will be developed in phases into a fully-fitted data centre campus with a total potential built-up area of up to 575,000 square feet and 90 megawatts of power to host customers, such as global technology giants and cloud service providers, as well as large domestic enterprise clients.

The data centre campus site, which a-iTrust is acquiring, is situated in a prime location along Thane-Belapur Road, easily accessible from Mumbai City via the Eastern Express Highway.

Navi Mumbai has emerged as a preferred data centre location since it offers proximity to sea cable landing stations, larger land parcels with clear title, abundant and scalable power, developed infrastructure, and seamless vendor-neutral network connectivity.

When it is fully developed, the data centre campus will have an overall capacity to host approximately 8,500 racks and operate at an efficient power usage effectiveness of approximately 1.4. In line with CapitaLand’s 2030 Sustainability Master Plan, the data centre will adopt sustainable design principles and green building standards. These include features such as intelligent energy management systems, solar panels, and waterless cooling systems.

With the acquisition, Ascendas India’s portfolio, including pipeline projects, will increase by 1.2% from approximately 24.9 million square feet to 25.2 million square feet.

The acquisition of the site from third-party vendors is expected to be completed by the third quarter of 2021. The data centre campus will comprise two buildings. In phase one, the first building, which is scheduled to be ready by the second quarter of 2024, will have a built-up area of about 325,000 square feet.

Follow the link s for more news on

Ascendas India Trust

CapitaLand

Acquisitions

data centre

property news

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia