Equinix to Build Its New $60m Data Center in Hong Kong

Worldwide provider of retail colocation services Equinix declared a plan to develop a second data center in Hong Kong, because company’s facility initially on the island has turned out to be extra than two-thirds in use.

The firm intends to invest $63m total in construction of the data center, which at full build-out will supply extra than 1,450 cabinet-equivalents. The first stage, which Equinix anticipated to expense about $20m, will take around 450 cabinet equivalents out there. The provider intends to bring the first phase on the internet within the third quarter of 2011.

Managing director of Greater China for Equinix, Jonathan Leung, stated Hong Kong would have been a crucial data center market for universal prospects. “For the past two years, Equinix may be expanding its data center HK1 IBX to meet growing demand, that's at present operating at more than 70 % utilization,” he stated in a statement.
In the Hong Kong marketplace, Equinix caters to internationals, financial and banking services and providers of computer services The island has one from the biggest concentrations of financial and banking firms in the region.

The new facility is located near the company’s first data center in Hong Kong and definitely will have straight fiber connections to the first facility to supply low-latency usage of financial service firms which have equipment in the existing data center.

This may be the fourth in a very string of recent Asia Pacific development announcements Equinix has created. It absolutely was preceded by news of expansion in existing data centers in Sydney and Singapore plus an entry to the Shanghai marketplace via partnership having a local source Shanghai Data Solution.