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AirTrunk secures US$450mn financing for Singapore data centre

AirTrunk to invest US$450mn debt financing into hyperscale data centre that will be the largest in Singapore

AirTrunk, a hyperscale data centre specialist, has announced that it has secured the US$450mn financing for its proposed hyperscale data centre in Singapore, enabling it to begin its expansion in the Asia Pacific region.

The facility will be the largest of its kind in Singapore, designed specifically for hyperscale cloud, content and enterprise customers, and is set to cater to strong consumer demand for the company’s services.

AirTrunk added in its statement that the move comes in the wake of the considerable success of its flagship Australian operations based in Melbourne and Sydney.

“The rapid growth of cloud and evolving needs of enterprises are driving demand for hyperscale capacity in the region,” said Michael Juniper, Chief Commercial Officer and Executive Director of AirTrunk, in the firm’s press release. 

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“Singapore is a strategic data centre hub due to its economic and political stability and rich connectivity to Asia, the USA, and Europe.”

Juniper added: “AirTrunk’s inaugural Singapore data centre is set to be operational in mid-2020 and will showcase our unmatched deployment speed, scalability, reliability and cost efficiency. 

“We are committed to developing a sustainable digital ecosystem, delivering an industry-low power usage effectiveness (PUE) and BCA Green Mark Platinum certification.”

Deutsche Bank, Goldman Sachs and Natixis provided the debt financing, with additional equity capital provided by CEO Robin Kuda, Goldman Sachs and TPG Sixth Street Partners.

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