The facility, located in Minhang District, encompasses four buildings with a gross floor area of up to 75,000 square metres and up to 55 megawatts of IT power capacity.
CapitaLand is acquiring a hyperscale data centre campus located in Shanghai for RMB3.66 billion ($757.7 million), marking its entry into China's data centre market.
In a news release dated April 27, the group states it is acquiring the asset via the purchase of 100% equity interest in two companies from vendors AVIC Trust (an investment arm of Shanghai-listed AVIC Capital) and an unrelated third-party.
