GDS Holdings Limited Announces New Data Center Campus Development in Shanghai
Shanghai 6 data center 45% pre-committed by China’s leading online travel company
GDS Holdings Limited (“GDS Holdings”, “GDS” or the “Company”) (NASDAQ:GDS), a leading developer and operator of high-performance data centers in China, today announced that it has commenced development of a new data center campus in Shanghai. The new campus, located at a greenfield site 5 kilometers from the Company’s flagship data center campus in the Waigaoqiao (“WGQ”) Free Trade Zone, will have a total IT capacity of 14,142 sqm. A property development partner has agreed to build-to-suit and lease to GDS the shell and core for two data centers, the first of which, to be known as Shanghai 6 (“SH6”) with a capacity of 7,071 sqm, will enter service in the second half of 2018. China’s leading online travel company, a new customer for GDS, has pre-committed to 45.3% of the capacity of SH6.
GDS currently has 3 data centers in service at its existing WGQ campus (Shanghai 1 – 3), with a total capacity of 22,023 sqm which is 93.2% committed. All of China’s leading Cloud service providers have a major presence in Shanghai 1 - 3, as well as over 100 blue-chip large enterprise and financial service institution customers. A fourth and final data center on the existing campus, SH4, will enter service at the end of 2017. When fully developed, GDS will have a total IT capacity of around 49,000 sqm in the Shanghai market (across its two WGQ campuses and at its recently announced SH5 data center in Tangzhen district).
“We have enjoyed great success with our flagship data center campus in the Waigaoqiao Free Trade Zone, both in terms of attracting top-tier customers and achieving high commitment rates,” said Mr. William Huang, Chairman and Chief Executive Officer of GDS Holdings. “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 are honored that China’s leading online travel company, a first-time customer for GDS, will join us as the anchor tenant for the new development. As a growing number of companies outsource mission-critical IT business applications, data and content, they look for an experienced data center partner with a solid track record with whom they can build a long-term relationship. We believe no other data center 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. As more market-leading companies seek high-performance data center solutions, we are proud GDS is their first partner of choice.”