Amazon to acquire two data centers in Hong Kong
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Cloud company buys leased facility from landlord Amazon has acquired a data center development in Hong Kong. Earlier this month, Grand Ming Group Holdings announced that Amazon Data Services Hong Kong Limited had agreed to purchase two properties in Hong Kong. Amazon will be buying iTech Tower 3.1 and iTech Tower 3.2, two data center properties in Hong Kong. The two adjacent developments are located at 3 On Kui Street and 8 On Chuen Street in Fanling, New Territories. The first phase of iTech Tower 3.1 was delivered in December 2025 and is already leased to Amazon, with remaining fit-out works ongoing. Construction work on iTech Tower 3.2 is ongoing. The deal is for a minimum gross consideration of HK$2.18 billion (US$277.88m), with potential additional further payments of up to HK$265.8 million, for a maximum of HK$2.445 billion (US311.66m). Further Payments will be determined based on the scope of the planned fit-out and construction works. The sellers are Regal Development Limited and Golden Ford Limited, two Grand Ming subsidiaries. The deals are set to close in February 2027. Upon closing the sale of iTech Tower 3.1, Grand Ming will cease to receive rental income under the existing leasing and colocation arrangements. Established in 1995, Grand Ming is an investment holding company primarily focused on building construction, including "building design, additional and...
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