CapitaLand has announced an investment of CNY 3.66 billion (US$ 566 million) to acquire a hyperscale data centre campus in China.  The acquisition is via the purchase of 100% equity interest in two companies registered in China. 

The hyperscale data centre campus consists of four buildings with a total floor area of up to 75,000 sq metres and up to 55 MW of IT power capacity. CapitaLand is acquiring the data centre campus from AVIC Trust, an investment arm of Shanghai-listed AVIC Capital, and from an unrelated third-party vendor. Located near the heart of Shanghai in Minhang District, the hyperscale data centre campus is well-connected by public transport and highway networks. 

The acquisition is expected to be completed by the third quarter of 2021, subject to fulfilment of certain conditions precedent.