Saturday, November 25, 2017

GDS Holdings unveils plans to reach half a million sqf of data centre space in Shanghai

Expansion comes after provider reported a strong quarter one with revenues growing 96% over the previous year quarter.

Chinese developer and operator data centres GDS Holdings has unveiled plans to expand its Shanghai footprint which will take its city’ sites to 527,430 sqf of space.

The company currently has three data centres in service at its existing WGQ campus (Shanghai 1 – 3), with a total capacity of 237,053 sqf which is 93.2% committed.

The operator has now announced it has started construction of a new data centre campus also in Shanghai which will amount to 152,223 sqf.

A property development partner has agreed to build-to-suit and lease to GDS the shell and core for two data centres, the first of which, to be known as Shanghai 6 (SH6) with a capacity of 76,111 sqf, will enter service in the second half of 2018.

A fourth and final data centre on the existing WGQ campus, SH4, will enter service at the end of 2017.

William Huang, Chairman and Chief Executive Officer of GDS Holdings, said: “We have enjoyed great success with our flagship data centre campus in the Waigaoqiao Free Trade Zone, both in terms of attracting top-tier customers and achieving high commitment rates.

“The addition of this new campus in Waigaoqiao is an important strategic development, which positions us to provide continuous supply to our existing customers and to attract significant new customers.

“We believe no other data centre company in China can match our 16-year history delivering world-class operating standards to our customers, as well as our capability to provide flexible expansion capacity to meet customer demand.”

In its last quarterly results, GDS Holdings reported a gross profit growth of 95.9% in Q1 2017 when compared to Q1 2016.

In the first quarter of 2017, gross profit was $15.4m, also increasing 39.9% over the fourth quarter of 2016.

In terms of revenue, the company witnessed a growth of 65.8% in Q1 2017 compared to Q1 2016.