International developer, owner and operator of hyperscale digital infrastructure K2 Data Centres (K2) and SGX-listed Indonesian property developer Sinarmas Land Limited (SML) have entered into a joint venture (JV) to own, develop and operate hyperscale data centres in Indonesia, as well as building Indonesia’s digital infrastructure talent and capabilities.
In a press release, the JV between K2 and SML is said to be a “mutual recognition” of the increasing long-term demand for data centre capacity tailored for core and hyperscale requirements in Jakarta.
SML Indonesia’s group CEO Michael Widjaja says: “SML is excited to welcome and work closely with K2 Data Centres in Indonesia. We are witnessing first-hand the rapid growth of Indonesia’s digital economy and are deeply committed to supporting Indonesia’s transformation into a digital and economic powerhouse. We believe this joint venture will contribute meaningfully to the digital infrastructure required to enable Indonesia to realize the full potential of its digital opportunities.
The JV’s first development, K2 Data Centre Jakarta 1 Campus (K2 JKT 1) will comprise four data centre facilities in Bekasi Regency, Greater Jakarta. Strategically situated in close proximity to international cloud service providers’ data infrastructure, the campus will deliver 58.8MW of IT capacity at full build.
Having recently commenced construction, the first phase of K2 JKT 1 will be ready for service in early 2024 and will be Uptime Institute Tier III (TCDD & TCCF) and LEED Gold certified. In addition, the JV has a second availability zone with a campus development of similar scale in the pipeline located in Karawang Regency, Greater Jakarta.
The partnership looks forward to leveraging K2’s and SML’s expertise, with SML bringing its extensive capabilities in facilities and infrastructure management. K2 JKT 1 Campus will extend K2’s proven track record of delivery and operating at world-leading service levels to Indonesia.
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Kuok Meng Wei, K2’s managing director and CEO adds, “We are extremely pleased to partner with SML in Indonesia to provide critical infrastructure for the fast growing digital economy. After several years developing and operating DCs for our hyperscale customers in Europe, K2 JKT 1 Campus marks our debut in APAC, where we continue to bring our leading technical and operational service experience to our customers in this exciting region.”
Shares in SML closed 0.2 or 1.05% down at 19 cents on Oct 17.
