AirTrunk raises $450m to build Singapore data centre
BEIJING (BLOOMBERG) - Data centre start-up AirTrunk has raised $450 million in debt and equity to help build its first Singapore facility as part of a multi-billion dollar plan to become a regional technology powerhouse.
The Goldman Sachs Group and TPG Sixth Street Partners-backed company has already spent more than A$1 billion (S$964.7 million) on two data centres in Australia and will open its Singapore facility in two phases, according to founder Robin Khuda.
The first stage is expected to be ready by mid-2020 and will allow half of its planned 60 megawatt capacity to be sold to customers. The rest will be built when there's enough demand, with the total project taking up 1.5 hectares of land in Loyang, in Singapore's east, and costing "in excess" of $500 million, he said.
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