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Equinix to open HK5 in Q4 2017

Equinix to open HK5 in Q4 2017Aiming to enable interconnection for the financial sector, Equinix today announced the expansion of its fifth International Business Exchange (IBX) data center in Hong Kong, also known as (HK5).

Scheduled to open in the fourth quarter of 2017, HK5 is an eight-story facility purpose-built and designed to satisfy the stringent regulatory requirements imposed on financial services firms. According to Equinix, the company is investing US$32 million to develop this 48,000 square feet colocation space. It is expected to add 1,200 cabinets in the company’s global interconnection footprint and support digital transformation among businesses in the region.

“With companies in Hong Kong rapidly embracing the multiple opportunities offered by the digital economy, the demand for interconnection continues to rise,” said Alex Tam, managing director, Equinix Hong Kong. “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.”

A study by Microsoft indicated that 66% of Hong Kong business leaders recognize the urgency to transform their businesses, but the lack of ICT infrastructure support is one of the major barriers to digital transformation.

Aiming to enhance connectivity, HK5 is going to connect with Equinix’s other IBXs (HK1, HK2 and HK3) via diverse path fiber connections. It is expected to create a digital campus, allowing customers to reap the benefits of other Equinix IBXs in the city. The company stated it also makes HK5 the ideal backup location for existing customers.

The facility is located at Tsang Kwan O, Hong Kong’s subsea landing stations and financial data center hub, where Hong Kong Exchange’s data center is also located. The building is developed by SUNeVision and is part of the company’s latest data center site MEGA Plus. The data center also employs green features including granular temperature monitoring, cold aisle containment and optimized lighting control. It offers a small environmental footprint, with an annual average PUE (power usage efficiency) of 1.45.

Apart from HK5, Equinix also recently announced a series of expansions in Asia-Pacific, including Hong Kong, Melbourne, Singapore, Sydney and Tokyo. When HK5 opens, Equinix will be operating 30 IBX data centers in Asia-Pacific, and its total global footprint will cover more than 180 IBX data centers across 44 markets.

“Our ongoing growth signifies our commitment to the region and to developing our global footprint to benefit our customers and support growing digital business needs. The launch of HK5 will enable our customers in Hong Kong and beyond to have access to the vast interconnection opportunities needed to innovate and grow,” added Samuel Lee, president, Equinix Asia-Pacific.