By Business Wirevia The Motley Fool
Filed under: Investing
Equinix Announces Significant Expansion to Increase Data Center Capacity in Singapore
Equinix launches third data center and expands second facility to meet strong market demand for premium data center services in Singapore
REDWOOD CITY, Calif. & SINGAPORE–(BUSINESS WIRE)– Equinix, Inc. (NAS: EQIX) , the global interconnection and data center company, today announced its plans to expand the company’s footprint in Singapore and the Asia-Pacific region with development of a third International Business Exchange™ (IBX®) and expansion of its second data center. The expansion plan showcases Equinix’s success in addressing market demand from financial and cloud service providers and demonstrates the company’s ongoing commitment to the data center market in Singapore.
At a groundbreaking ceremony that was held this morning, Equinix announced that it has commissioned Mapletree Industrial Trust, a leading industrial real estate investment trust listed in Singapore, to develop the new Singapore IBX, known as SG3.
Highlights / Key Facts
- Scheduled to open in the second half of 2014, SG3 will further extend Platform Equinix™ to meet strong demand for premium interconnection and data center services in Singapore from financial and cloud companies. SG3 will provide approximately 385,000 square feet of gross floor area and 5,000 cabinets over multiple phases. With a proposed investment of US$50-US$55M1, the first phase will provide 1,000 cabinets.
- At the same time, Equinix is investing US$55M in the fifth phase of its second Singapore IBX data center. The fifth phase of the expansion, which is expected to be available end of 2013, will provide 920 additional cabinets, bringing the total number of cabinets at this IBX data center to 4,176. It will also enable the provision of a high-connectivity, high-availability environment to support its customers’ cloud-based services.
- SG3 will be located in close proximity to Equinix’s existing SG1 data center, which is located at 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.
- SG3 and SG1 data centers will be interconnected through a dedicated fiber network, allowing customers in SG1 to expand their
From: http://www.dailyfinance.com/2013/04/18/equinix-announces-significant-expansion-to-increas/