Keppel Corp subsidiary acquires Malaysia data centre

Securus Fund purchased an 80% stake in a Selangor-based facility to nab a slice of the fast-growing data centre market.

"Malaysia is one of the fastest growing economies in ASEAN. With the data centre industry earmarked as one of the growth drivers for the Malaysian economy in the government's Economic Transformation Programme, we believe that acquiring the data centre at Cyberjaya will position Securus Fund to benefit from this growth," said Bruno Lopez, Executive Director of Keppel DCIM and Co-Fund Manager of Securus Fund.

Securus Fund is jointly managed by Keppel Data Centre Investment Management Pte. Ltd. (Keppel DCIM), a wholly-owned subsidiary of Keppel Telecommunications & Transportation Ltd (Keppel T&T), and AEP Investment Management Pte. Ltd. (AEPim).

According to Keppel Corporation release, the data centre is a freehold, high quality facility strategically located in Cyberjaya, a technology park that forms a key part of the Multimedia Super Corridor in Malaysia. It is situated about 50km south of the capital city of Kuala Lumpur. The remaining 20% stake in the data centre is owned by a company within the Basis Bay Group.

The fourth asset in Securus Fund's portfolio, the Tier-III+ data centre has a long-term lease agreement with Basis Bay Services, a managed service provider in Malaysia, Keppel Corporation added.

"We are very excited about entering Malaysia's fast-growing data centre market with the addition of this quality asset to our portfolio. With a long-term, high quality tenant, we are confident that this acquisition will provide a very stable income flow to the Fund." said Jonathan King, Principal and Director of AEPim and Co-Fund Manager of Securus Fund.

"The purpose-built facility has excellent fibre connectivity to all the major carriers and has access to secured power sources. Through the use of natural lighting, ducted fresh air system and double-walled structures to minimise direct heat exposure, the data centre is designed for maximum energy efficiency," Keppel Corporation said.

Securus Fund has been on a data centre buying binge. Earlier this year, Securus Fund extended its footprint to the United Kingdom by acquiring the GV7 data centre in London. Last year, in Australia, the Fund also acquired a 70% stake in Gore Hill Data Centre in Sydney and a 70% stake in iseek Data Centre in Brisbane.