Hong Kong data center operator Sunevision is to convert a warehouse in Fanling, Hong Kong, owned by its parent company into a data center for an unnamed hyperscaler.
The company this week reported its iAdvantage subsidiary has entered into a master service agreement with a “major hyper-scale customer” to establish a single-use 10MW data center in the New Territories.
iAdvantage is to rent a warehouse building in Fanling, New Territories, Hong Kong jointly owned by parent company Sun Hung Kai Properties Limited (SHKP) through a subsidiary. The company will then convert the six-story warehouse into a data center. iAdvantage said it will deliver the project in phases, with the first phase expected to be delivered in 2022.
A separate announcement said the company is leasing the warehouse on an 11-year contract running from June 2023 to October 2034. The total rent payable during the term of the Lease Agreement amounts to approximately HK$251 million (US$32.3 million).
“The Property is identified by iAdvantage as suitable for the needs and purpose of a new major customer of the Group’s data center services business, and will be upgraded by iAdvantage from a warehouse building into a bespoke single-user data center premises for the customer, to be delivered in phases as agreed with the customer,” the announcement reads.
SHKP is the landlord for the Fanling facility through a wholly-owned subsidiary that owns a joint venture with Happy Wish International Limited and Kwok Tsang Limited. SHKP is also the majority shareholder of the Sunevision group and iAdvantage.
Sunevision currently operates five data centers in Hong Kong, with two more at Tsuen Wan Town Lot No. 428 and Tseung Kwan O Town Lot No. 131 due to come online in 2022. The Fanling development is the group’s first single-user data center fully pre-committed at the start of the project.
