Mapletree Investments has won a Hong Kong government tender to acquire a site in Hong Kong’s New Territories for HK$813m (€87m).

The Singapore group said it would develop its first Hong Kong data centre on the 4,000sqm industrial site.

Mapletree’s regional chief executive officer for Australia & North Asia, Wong Mun Hoong, said: “The Hong Kong SAR stands out as an attractive location for data centres, with its advanced telecommunications infrastructure, reliable power supply at reasonable cost, limited climate risks and strong demand from local corporations for cloud services.”

Wong said long-term macro-drivers, such as growing cloud computing, e-commerce and the impending 5G network, were expected to drive demand for data centres.

The proposed Hong Kong development is capable of delivering up to 50MVA of building power and can be leased to either an end-user or a data centre operator upon completion in 2023.

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