Keppel deepens inroads into China’s data center market with its sixth asset
Huizhou Data Center in Tonghu Smart City officially opens
SINGAPORE — Keppel Data Centre Fund II LP (KDCF II) entered into a strategic partnership with Heying, a wholly-owned subsidiary of Tianjin Zhengxin Group Co. Ltd to jointly develop a greenfield data center in Greater Beijing, China. This latest development marks Keppel’s sixth project since entering mainland China’s data center market in 2020.
KDCF II, managed by Alpha Investment Partners Ltd., which is the private fund management arm of Keppel Capital, will acquire a majority stake in Huailai Data Centre and jointly develop the property with Heying. The total development cost of the project is approximately $292 million. In addition, Keppel will collaborate with Heying to implement global best practices for data center operations at Huailai.