Equinix Signs Agreement for New Data Center in Singapore
Agreement signed with Mapletree Industrial Trust to develop new data center to
meet security requirements for financial customers in Singapore
REDWOOD CITY, Calif. & SINGAPORE -- March 27, 2013
Equinix, 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 Exchange™ (IBX®) 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 high proximity.”
“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.
Equinix Media Contact (Corporate)
Melissa Neumann, 650-598-6098
Equinix Media Contact (Americas)
GolinHarris for Equinix
Liam Rose, 415-318-4380
Equinix Media Contact (Asia Pacific)
Lorraine Little-Bigelow, +852 2970 7742
Equinix Media Contact (Singapore):
LEWIS Public Relations
Gina Daryanani / Laurent Decosse, +65 6571 9140
Equinix Investor Relations Contact
Katrina Rymill, +1 650-598-6583
Mapletree Industrial Trust Investor Relations & Media Contact
Melissa Tan, +65 6377 6113
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