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Dr Peng Transferred five data centers to Baoneng Chuanzhan with total consideration of RMB1.6 billion, data center market is getting more active

Hongkong EN 1530

On October 15, Dr. Peng Group issued an announcement on the progress of the company's asset transfer and the completion of execution. Dr. Peng transferred the portfolio of all assets, liabilities and related businesses of five data centers to Shenzhen Baoneng Chuangzhan Real Estate, namely Jiuxianqiao Data Center, Telecom Data Center (including five machine rooms), Shanghai Data Center, Guangzhou data center and Foshan data center. The total consideration is RMB1.6 billion. Dr. Peng currently operates 15 Internet Data Center (IDC) with a total area of more than 200,000 square meters. Baoneng Chuangzhan is a subsidiary company of Baoneng Real Estate, focusing on industrial investment. This acquisition is also the first time that Baoneng real estate entered the IDC field.

Colliers view:

In recent years, the rapid development of cloud service and Internet enterprise services boosted the demand for data storage and data center services. Technology giants including Alibaba and Tencent are accelerating the deployment of IDC through self-built, colocation and leasing. Besides, with great changes in the real estate market development logic, IDC has become one of the important tracks for the business transformation of real estate enterprises, and foreign real estate funds such as Capitaland and Keppel have been investing in Data Centers in China. As more and more participants entering the market, the value of data center assets would be further recognized.