Equinix, will build its second data center in Hong Kong, a $63 million facility to be known as HK2 that will allow the colocation and interconnection provider to support a growing base of banking and financial companies in the region. The new data center, which Equinix refers to as an International Business Exchange (IBX), will provide total capacity for more than 1,450 cabinet equivalents. The center will open for business in the third quarter of 2011 with a $20 million first phase that will add an initial 450 cabinet equivalents.
"Hong Kong is a critical data center market for global customers," said Jonathan Leung, managing director, Equinix Greater China. "For the past two years, Equinix has been expanding its HK1 IBX data center to meet increasing demand, which is currently operating at more than 70 percent utilization. The HK2 expansion will help service ongoing customer demand, further demonstrating Equinix’s commitment and confidence in the Hong Kong market."
Equinix continues its expansion in the Asia/Pacific, as the HK2 project is the fourth in a series of recently announced IBX data center expansions in the region. Equinix has recently announced the expansion of SY3 data center in Sydney, the third phase expansion of the existing SG2 center in Singapore, and launched a new market in Shanghai with its partnership with Shanghai Data Solutions (SDS).