Skip to the content
W.Media
  • Home
  • Company
  • Conventions
  • Digital Events
  • Contact Us
  • Home
  • Company
  • Conventions
  • Digital Events
  • Awards
  • Contact Us
  • Tech News
  • Forum
  • Tech News
  • Digital Week
search
×
W.Media

Keppel Corp and Singapore Press Holdings to develop data centers in Singapore

Published 30 June 2020

0 comments

stuart-crowley
W.media | editor
Share on Facebook Share
Share on TwitterTweet
Share on LinkedIn Share

Subsidiaries of Keppel Corporation and Singapore Press Holdings (SPH) have agreed to develop and operate data centers at Genting Lane in Singapore.

A joint venture company known as Memphis 1 was incorporated between TPM, a subsidiary of Singapore Press Holdings, and Keppel Data Centres’ subsidiaries, Keppel Griffin and Geras DC.

Memphis 1 is set to acquire a leasehold interest at 82 Genting Lane for S$50 million to develop and run data center facilities on the land. The sale is expected to be completed on July 17.

Keppel Griffin and Geras DC will hold a 60% share in Memphis 1, while TMP will hold 40% of the shares. The joint venture company will be an indirect subsidiary of Keppel Corporation.

The subsidiaries of Keppel Data Centres will contribute up to S$209 million, including S$2.1 million for the subscription price of their 60% share as well as S$34.5 million in bonds.

TPM will contribute approximately S$139.6 million, with S$1.39 million for their 40% stake, along with S$23 million in bonds.

These amounts will be paid progressively by way of debt securities, issued by Memphis 1 from time to time. The balance amount will be subscribed to nominees of Keppel Data Centres’ subsidiaries as the data center development progresses.

Upon completion, the data center will add to Keppel Data Centres growing list of more than 20 data centers owned and operated by the company.

The data center provider also recently entered into a partnership with Mitsubishi Heavy Industries to explore hydrogen-powered tri-generation plant concepts that could sustainably power data centers, including their proposed Floating Data Centre Park project.

Which data center is the best for your needs?

There is an overwhelming amount of choice when selecting the best data center for your needs. You may be asking questions about location, security, migration capabilities and sustainability.

We will answer all these questions and more at our ‘Data Center Selection & Migration in Asia Pacific’ digital event on Thursday 23 July.

Register for free today to find out how to choose the best data center for your digital transformation needs.

Get involved in conversation and connect with your peers on LinkedIn and Facebook using #WMediaEvent!

Receive the latest news.

We'll keep you in the loop.

Great! now press

Featured Articles


How China’s Data Center Industry is likely to shape up in 2021


Socomec energises Singapore with a powerful UPS training course


Back To Tech News

More Articles

Vietnam commits to “Make in Vietnam” for favourable technology environment

To become ‘the best place for technology firms’,... Read More

Nokia continues 5G, cloud partnership with Japan’s SoftBank

Nokia has announced that Japanese telecommunications... Read More

AIMS Data Centre signs deal with Thailand’s BKNIX

AIMS Data Centre @ Bangkok, a subsidiary of the AIMS Data... Read More

Nintex launches workplace cloud automation platform Nintex Workflow Cloud

Cloud is all the rage these days - workflow automation... Read More

Logo

W.Media is global B2B Tech
Marketing Agency that specializes in
PR, Digital Media Marketing and Events Coordination

  • facebook
  • linkedin
Quick Links
  • Company
  • Contact Us
  • Privacy Policy
  • Terms & Conditions
Offerings
  • Tech News
  • Digital Events
  • Conventions
  • Digital Week

Copyright © 2020 W.Media | All Rights Reserved

Receive the latest news.

We'll keep you in the loop.

Great! now press