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Oversea-Chinese Banking Corporation (OCBC) has invested $240 million to construct a bespoke regional data centre in Singapore, reported the Business Times.
The new facility, which has been operating since Q3 2017, is located on a 0.5ha site in the eastern part of the island. However, the bank refused to reveal its exact address for security reasons.
With a built-up area of 134,500 sq ft, the six-storey building is believed to be first purpose-built data centre built and owned by a local financial institution.
It is designed to cater to OCBC Group’s operational requirements over the next 30 years and houses thousands of devices with expandable capacity. This is to support the needs of OCBC Wing Hang, Great Eastern, Bank of Singapore, Lion Global Investors, and the group’s foreign branches across 18 countries.
“As the data centre is a critical and core facility for any bank, we wanted a dedicated data centre owned by us. It is completely tailored to our exact requirements to ensure we have full control over its security and design,” said OCBC’s technology head Lim Khiang Tong.
In fact, the property features blast-resistant walls and reinforced perimeter fencing to tightly secure information held by OCBC group. It also comes with a back-up power facility capable of providing electricity to the data centre for a minimum of two days.
Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
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