Singapore to get S$200m data centre as 1-Net targets digital market growth
Mon 7 Jul 2014
Data centre services provider 1-Net Singapore is claiming its new data centre will be built to Tier III standards to help it to meet growing demands for digital content in the region.
Designated 1-Net North, the data centre is being built to meet the standards required by the Uptime Institute – Tier III provides for high resilience and is generally regarded as the highest commercially available. The centre is expected to be finished towards the end of next year.
Online video audiences have grown around 8% in the past year in the region which also ranks higher than the global average when it comes to music, movies and entertainment consumption. It is this growth that has enticed the S$200m investment .
“We’ve seen a shift in the way consumers consume their information over the last few years, and businesses have also responded by changing the way they engage customers. With the opening of this new 1-Net Data Center, 1-Net aims to become Asia’s data centre of choice,” said Wong Ka Vin, managing director of 1-Net Singapore.
1-Net is part of MediaCorp, Singapore’s leading broadcaster and publisher. 1-Net manages telco-class carrier-neutral internet data centres with international connectivity and provides managed services and media delivery.
Located in the suburb of Marsiling, 1-Net North is over 200,000 sq ft. The building is on a long-term lease from CitySpring Infrastructure Trust (CitySpring), as part of a joint venture with Shimizu Corporation, and the total investment is expected to cost around S$130m. 1-Net will also be investing an additional S70m to fit out the data centre.