STT GDC partners FPT to build hyperscale data centre in Thailand
ST Telemedia Global Data Centres (STT GDC) and Frasers Property Thailand (FPT) are working together to build a hyperscale data centre in Thailand.
Located in Ramkhamhaeng, Bangkok, the site will feature two data centre buildings. The first designed with approximately 30,000sqft in gross floor area. As investment of 7 billion Baht will be made into the project and the first phase of construction is due to be completed in 2021.
“Combining our world-class data centre development capabilities with FPT’s long-standing real estate experience in the Thai market, the joint venture’s first data centre in Ramkhamhaeng of Bangkok will be a state-of-the art development, incorporating some of the latest data centre technologies and sustainable design features to ensure optimal energy efficiency,” said Mr. Bruno Lopez, group chief executive officer, STT GDC. “We are already seeing positive interest from global cloud service providers and enterprises who are looking to leverage the growth in the digital economy.”
According to reports, IT related spending is estimated at $72 billion over 2019 to 2022. As a result, there is an increasing need for data centre colocation. Business entrepreneurs today are looking for facilities that are highly secured, flexible and energy efficient resulting in growth in demand for data centres and cloud computing in line with the global trends. The digital economy is expected to bring robust growth and contribute up a quarter of Thailand’s GDP by 2027, while the total data centre market in ASEAN has been predicted to grow from $1.9 billion in 2017 to $5.4 billion in 2024 at a compound annual growth rate of 16.1%.
“This collaboration will broaden FPT’s ability to offer comprehensive services from industrial buildings to data centre services to our customers,” added Sopon Racharaksa, president of FPT. “Frasers Property Thailand, as a leading provider of Smart Integrated Real Estate Platform, will bring our local expertise to ensure successful development and market entry of this state-of-the-art data centre. The joint venture’s first data centre in Ramkhamhaeng is located in the centre of Bangkok, which will help develop seamless connectivity and ease of access to business communities. We expect a strong demand from banking and financial institutions, e-commerce players, global cloud operators, MNC’s and local corporates.”