Equinix continues Hong Kong data centre expansion with $30mn HK5

Equinix has announced major expansion plans for Hong Kong, as the company officially unveiled its latest data centre in the country.

HK5 is the company’s fifth International Business Exchange (IBX) data centre and comes in at a US$32mn.

The company states that HK5 is “tailor made” to meet a growing demand in Hong Kong for interconnectivity, as financial services firms and other industries are moving towards interconnection data centre providers.

HK5 will be located in Hong Kong's financial data center nexus, Tseung Kwan O. It will be an the eight-story facility that is purpose-built, designed from the ground up to satisfy the stringent regulatory requirements imposed on financial services firms.

With more than 48,000 square feet of colocation space, HK5 will add 1,200 cabinets to the global interconnection leader's footprint in the city upon completion.

HK5 is connected to the company’s other data centres, HK1, HK2 and HK3 via diverse path fiber connections, creating a digital campus that allows customers residing in HK5 to reap the benefits of other Equinix IBXs in the city.

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Alex Tam, Managing Director, Equinix Hong Kong: "With companies in Hong Kong rapidly embracing the multiple opportunities offered by the digital economy, the demand for interconnection continues to rise. Equinix has always offered the premium services and scale required by the city's enterprises, including the many financial services firms that make up our customer portfolio. With the opening of HK5, we will continue to deliver the level of excellence and interconnection that industry regulators expect and which our customers demand."

HK5 will play a crucial role in providing interconnection, which is a key piece of the infrastructure on which Honk Kong's most successful industries—such as financial services and FinTech firms—rely to drive innovation, remain competitive and continue to grow.”

As well as HK5, Equinix recently announced a series of expansions in Asia-Pacific, including Hong Kong, Melbourne, Singapore, Sydney and Tokyo. With the addition of HK5, Equinix will have 30 IBX data centers in Asia-Pacific, and its total global footprint will cover more than 180 IBX data centers across 44 markets.