BDx Data Centers Wins Deal of the Year at RICS Hong Kong Awards
Hong Kong — BDx Data Centers, in collaboration with Sino Group and Cushman & Wakefield, is proud to announce it has been awarded with the Best Deal of the Year Award at the Royal Institution of Chartered Surveyors (RICS) Awards 2023 in Hong Kong.
BDx Data Centers, Sino Group, and Cushman & Wakefield completed the largest data center leasing deal at HK$930 million in Hong Kong in 2022. The 20-year term agreement signified a monumental milestone in Hong Kong’s data center industry, accommodating up to 1,200 racks and over 155,000 sq ft.
The collaboration, which overcame complex technical and legal challenges, has transformed an industrial building into a cutting-edge 16MW data center facility with an emphasis on sustainability, reinforcing Hong Kong’s position as a global and regional data center hub. This achievement was made possible through the synergy of BDx Data Centers as the visionary tenant, Sino Group as the forward-thinking developer and landlord, and Cushman & Wakefield as the trusted real estate consultant.
BDx Data Centers has continually showcased innovative design and integrated energy management practices in its quest for sustainable data center solutions. The facility, designated HKG8, at 38 Wing Kei Road, Kwai Chung, represents BDx’s fourth in Hong Kong. It boasts stable and secure computing power, efficient cooling, and modern security features. BDx is committed to energy management following ISO 50001 guidelines and environmental management in accordance with ISO 14001. It is also actively seeking to adopt green energy to ensure efficient electricity and cooling usage. BDx’s target Power Usage Effectiveness (PUE) of 1.4 sets a high standard for data center facilities in Hong Kong’s sub-tropical climate.
Sino Group, the visionary developer and landlord, is also committed to enhancing sustainability at the 18-story 38 Wing Kei Road. It is pursuing BEAM accreditation and enhanced efficiency for the project, aiming to reduce waste, optimize resource utilization, and reduce environmental impact. By securing a 12mVA + 4mVA dual-feed power supply three years ahead of completion, which was a key factor in BDx’s decision to pre-lease the premises, it is setting the stage for an eco-friendly and energy-efficient data center.
BDx Data Centers remains dedicated to supporting digital transformation initiatives and the growth of businesses by providing state-of-the-art data center solutions. The completion of this groundbreaking transaction showcases the industry’s capacity to innovate, collaborate, and advance sustainability in data center operations, setting a shining example for the future.
“Cushman & Wakefield has proven to be a trusted partner throughout our leasing journey. Their in-depth market knowledge and astute understanding of our industry practices and business needs have guided us towards securing a space that aligns seamlessly with our business growth objectives in Hong Kong. It has been a pleasure working with Sino Group and Cushman & Wakefield, our two tightly-knitted allies, on a transaction that has been highly recognized and is now award-winning,” Mayank Srivastava, CEO, BDx Data Centers.
“Throughout the transaction, we were impressed by the exceptional expertise of the Sino and BDx teams in handling very complex technical, leasing, and legal issues. The teamwork and collaboration amongst all key stakeholders and advisors were also instrumental,” said John Siu, Managing Director, Cushman & Wakefield.
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 state-of-the-art 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. BDx Data Centers is actively investing in both developed and emerging markets to bring secure, scalable, and sustainable solutions to power the growing digitalization of Asia.
About Sino Group
As one of Hong Kong’s leading property developers with core businesses in property development and investment, Sino Group has grown with the communities it serves. The Group’s business interests comprise a diversified portfolio of residential, office, industrial, retail and hospitality properties across Hong Kong, mainland China, Singapore and Australia, and has developed over 250 projects, spanning more than 130 million square feet. Core business assets are further complemented by property management services, hotel investment and management, including The Fullerton Hotels & Resorts and other affiliate brands.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in approximately 400 offices and 60 countries. In Greater China, a network of 23 offices serves local markets across the region. In 2022, the firm reported global revenue of US$10.1 billion across its core services of valuation, consulting, project & development services, capital markets, project & occupier services, industrial & logistics, retail, and others. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), Environmental, Social and Governance (ESG) and more.