SINGAPORE — BDx Data Centers (BDx), the fastest-growing carrier-neutral data center platform in Asia-Pacific, is proud to announce the successful acquisition of the freehold of OneTen Paya Lebar, the site of its flagship SIN1 data center.

The acquisition from the Hwa Hong Corporation Group comes after BDx secured a 155 million USD facility from DBS Bank and OCBC. BDx can confirm the majority of the financing will be used to acquire the SIN1 freehold with the remaining amount used for general corporate purposes and regional plans.

Owning the 14,400 sqm SIN1 site outright now allows BDx unparalleled flexibility to redevelop the data center to meet the evolving connectivity needs of its diverse clientele, from hyperscalers to enterprises, and to pursue further expansion opportunities. With the upcoming relocation of nearby Paya Lebar Air Base, which is expected to start from 2030, BDx’s expansion plans will literally soar to new heights as a result of building height restrictions being lifted in the area.

The SIN1 data center, located in the heart of Singapore’s vibrant Paya Lebar district, has been a cornerstone of BDx’s service offering in the region. BDx acquired the SIN1 data center in 2020 and has significantly upgraded the facility over the last four years. Some of the enhancements include growing from three to seven floors, significantly increasing the grid power and IT capacity at the site, and upgrading the design specification to meet hyperscaler requirements.

BDx has transformed the SIN1 site from a retail colocation data center to a Tier III-compliant site that hosts over 50 customers, including three hyperscale customers, and has been ranked among the best globally by customers. BDx has succeeded in reducing the facility PUE to 1.35 through design upgrades and smart monitoring of energy use. The site has received numerous certifications, including a TIA942 Rated-3 Certificate, SS564-1:2020 Certificate, BCA GreenMark Platinum, and PCI-DSS certification.

“The freehold acquisition of SIN1 is more than just an expansion of our physical footprint. It represents our long-term commitment to Singapore and the region, known for its burgeoning demand for data center services driven by cloud computing and the advent of generative AI technologies,” said Mayank Srivastava, CEO of BDx.

“Owning the SIN1 data center outright allows us greater flexibility to upgrade the facility further and implement the cutting-edge solutions our customers need. It also solidifies our position as a leading provider of hybrid cloud, connectivity, and colocation services across Asia-Pacific.”

“The site has been owned by the Hwa Hong Corporation Group for over 35 years and has witnessed our evolution from our manufacturing and logistics roots to an international property investor. This transaction represents a natural culmination of our relationship with BDx and we are pleased to see the site continue to add value to its new owners,” added Ong Eng Yaw, Managing Director of Hwa Hong Corporation.

About BDx Data Centers
BDx Data Centers is a leading colocation, build-to-suit, managed services, and interconnection solutions provider that serves enterprises and hyperscalers across fast-growing markets in Asia. Led by a globally recognized team, BDx Data Centers operates ultra-modern and edge facilities across the region for customers to accelerate their digitalization initiatives. BDx Data Centers goes beyond providing highly efficient space and power, and delivers advanced, tailor-made services, designed with renewable resources. As Asia surges ahead in its digital journey, BDx Data Centers remains a steadfast partner, lighting the way with secure, scalable, and sustainable data solutions. BDx Data Centers is a portfolio company of I Squared Capital, an independent global infrastructure investment manager focusing on digital infrastructure, energy, utilities, and transport investments across the globe. https://bdxworld.com

About Hwa Hong Corporation Group
Hwa Hong is an investment holding company, previously quoted on the Mainboard of the Singapore Exchange Securities Trading Limited since 1979 and engages in, inter alia, the investment, development, and rental of both residential, industrial and commercial properties in Singapore and the UK. Portfolio of assets include high-end residential, offices, industrial, retail, medical suites in Singapore and London.

For further information, please contact:

BDx Data Centers
Jason McGee-Abe
Global TMT Lead
bdx@26five.com
+44 797 023 7682