STT GDC and Frasers Property TH to build $301.48m data centre in Bangkok
The first phase of construction is expected to be completed by 2021.
Singapore-headquartered ST Telemedia Global Data Centres (STT GDC) and Frasers Property Thailand have invested $301.48m (฿7b) to build a hyperscale data centre in Bangkok, according to a press release.
The site will have two buildings, covering 60,000 sqm in gross floor area. This is said to become the largest one in Thailand.
“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,” said Sopon Racharaksa, president of FPT.
The firms recently held a piling ceremony to start the first phase of development, which is scheduled to be completed in 2021.