GDS, a developer and operator of high-performance data centers in China, extends with the acquisition of a major data center in the Shunyi district of Beijing (“BJ14”). The acquisition is approximately CNY 3.8 billion.
BJ14 will be fully utilized in 2022
BJ14 that is located to the Company’s Beijing 5 data center and 8 kilometers from its data center campus comprised of Beijing 10, 11, and 12, is one of the largest and highest quality data center assets in the Beijing market. With its net floor area of over 19,000 sqm, BJ14 is fully operational and is currently approximately 68% utilized. It is expected to be fully utilized in 2022.
William Huang, Chairman and Chief Executive Officer, said,
“We are very excited to further expand and strengthen our position in Beijing with this acquisition. BJ14 is a rare opportunity in urban Beijing with large-scale and high-quality capacity and first-class customer profiles. Shunyi District is a highly sought-after location by major internet companies and home to an increasing number of world-renowned hyperscalers. We will continue to pursue such acquisition opportunities with strategic value in a disciplined way, and further expand our market share.”