Singapore-based Bridge Data Centres has acquired a 450KW server facility in Thailand, the company said, signalling its continued expansion in the ASEAN region.
The subsidiary of Bain Capital-backed Chindata will buy the centre in Samut Prakan, south of Bangkok, from WHA Mega Logistic Centers. Terms of the deal were not disclosed.
“[Bridge] sees strong demand coming from hyperscale content providers and cloud operators, followed by leading e-commerce companies, public sector agencies and the banking sector,” said Dz Shing Lim, the company’s president.
According to Aritzon figures, the data centre market in Thailand was worth US$660 million in 2021 and is expected to reach US$1.03 billion by 2027.
Thais Demand Data
“The need for data centres in Thailand has grown significantly in recent years and this trend is expected to continue for the foreseeable future,” CBRE wrote in a May report.
“Thailand’s government has thrown its full support behind the development of 5G infrastructure, there is a burgeoning domestic [artificial intelligence] and robotics industry,” CBRE added. This means there is greater need than ever before for data centres.”
The country has 32 operational co-location data centres, mostly in Bangkok.
“Thailand is one of the strongest economic countries in ASEAN which has set a goal to be a hub of ASEAN to accommodate data centre and cloud services,” Bridge said in a LinkedIn post on 24 August.
The Bangkok centre has a floor area of about 6,500 square metres (70,000 square feet) and has an operational capacity of 450 kilowatts with the remaining space expected to fit out to support an additional 5 megawatts.
A subsidiary of Nasdaq-listed Chindata Group, Bridge expects to eventually operate more than 150 megawatts of capacity in Malaysia and India.
Bridge has two operational data centres in Malaysia, and in December broke ground on a hyperscale campus in the southern Malaysian state of Johor, that is expected to deliver an estimated 100 megawatts of capacity.
The company also has a 20 megawatt facility in Navi Mumbai, India, with a floor area of about 32,500 square metres (350,000 square feet) and 20 megawatts of capacity.
The expansion comes as parent Chindata’s shares have risen more than 46 percent in the past six months, reversing a slump last year when the stock lost more than two-thirds of its value.
Founder and chief executive Alex Ju Jing quit in December, just one month after Yiming Zhang, the founder of the data centre operator’s primary customer, ByteDance, stepped down from his chairman role and left the board of the parent company of TikTok.
Chindata appointed Bain Capital executive vice president Fei Xu as interim CEO until Huapeng Wu, head of Chindata’s China operations, was named CEO in February.