| March 29, 2001 | ||||||||||
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Ascendas
partners with Global Gateway to set up specialized telecom carrier hotels
- $43 million facility in Singapore ready for lease Ascendas Pte Ltd, the newly-merged entity between Arcasia Land and JTC International's (JTCi) Business Parks and Facilities Group, announced today that it has entered into a joint venture with US-based Global Gateway LP to build and manage a series of telecom real estate facilities in Singapore. The joint venture will leverage on the capabilities and expertise of the two partners, with Ascendas taking 40% and Global Gateway 60%. Ascendas will offer local market and regulatory expertise along with its existing network of IT and telco companies, as well as best-in-class real estate solutions for businesses. Global Gateway will provide the technical know-how, marketing and customer relationship management as well as building and facility management of these specialised facilities. The joint venture estimates an equity commitment of S$85 million in the first 3 years. Its first project will be a 240,000 sq. ft five-storey facility at 15 Tai Seng Drive. It is ideally located in the northeast of Singapore, amidst a cluster of telecommunications and hi-tech companies such as IPC Corporation, Datapulse Technology and Singapore Technologies. This dedicated facility, now available for lease, will be equipped with floor areas of 23,000 sq ft to 37,000 sq ft per storey, subdivisible according to tenant requirements. This project, including retrofitting work, is estimated to cost S$43 million. Commonly known in the industry as a "carrier hotel," such a facility is designed to provide telecom carriers and Internet data centre operators an environment that ensures no down time in operations. The hi-tech features are designed to accommodate the high bandwidth, connectivity and redundancy requirements of international telecom carriers and data center operators. The hi-tech support includes necessary ventilation & air conditioning equipment, uninterruptible and enhanced power supply, raised floor systems, multiple fiber-optic entrances, back-up generators and centralized fiber exchanges that allow tenants to interconnect with one another within a secured environment. "These superior physical and technical specifications, all under one roof, will make us the premier carrier hotel provider in Singapore," said Mr. Goodwin Gaw, CEO of Global Gateway. He added: "With the government liberalising the telecommunications sector on 1 April 2000 and the increased needs for businesses to outsource IT services, Internet usage is on the rise. This in turn will lead to existing telecom and Internet-related companies requiring more expansion space, as well as an increase in corporate users and new-entry companies. This building, being of very high specifications, will be attractive to such companies." Ms Chong Siak Ching, President/CEO, Ascendas, said: " This joint-venture with Global Gateway to provide world-class e-infrastructure will enhance Ascendas' portfolio of total business space solutions in real estate. It fits well with efforts by Singapore to become the telecommunication and e-commerce hub of South-east Asia. " Global Gateway and its sister company Metronexus have to date set up facilities in Hong Kong, Seattle, San Diego, Atlanta, Houston, New York, Montreal, Paris, Stockholm and Marseilles. Global Gateway specialises in setting up carrier hotels. Its latest facility in Hongkong, built in 1999, is currently the largest stand-alone telecom/data centre facility - in the territory. Measuring 1.2 million sq ft, this facility is conveniently located near major business districts and major undersea cable landing stations for Hongkong, providing excellent - access and fiber connectivity. About Ascendas Ascendas, the synergistic merger between Arcasia Land and JTC International (JTCi)'s Business Parks and Facilities Group, brings to the consortium a well-established track record in the development, management and marketing of science parks, business and high-tech parks in the region. Backed by a strong team of over 250 professionals, Ascendas has a total of $1.2billion in assets and its business environments spread over 1.2million square metres in Singapore, India, China and the Philippines. Ascendas has 8 offices around the world including the United States and Japan. Our portfolio of properties: |
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Visit us @ http://www.ascendas.com About Global Gateway Gateway is a leading developer and provider of specialized real estate facilities catering to telecommunication carriers, e-commerce companies, application service providers, ISPs, and other technology firms. Global Gateway was formed in May 2000 as a partnership comprised of the Morgan Stanley Real Estate Funds and Pioneer Global Group to acquire and develop Gateway Centers throughout the Western United States and Asia. Together, with key management personnel and solid equity capitalization, our focus is to create Gateway Centers in major cities built around the convergence of technology, fiber optic infrastructure, and data transmission. Headquartered in Los Angeles and Hong Kong, Global Gateway seeks to establish 10 to 15 locations in the Western United States and Asia focusing on "gateway" cities that serve as global telecom hubs. Ultimately, the Company plans to establish 20 to 25 locations in cities throughout the Western U.S. (8-10) and Asia (10-12) to create a worldwide network of interconnected telecommunication facilities. Gateway Centers Portfolio |
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Website : http://www.globalgatewaygroup.com |
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