Amazon이 Hong Kong의 임대인으로부터 임차 데이터센터 시설 2개를 인수하여 장기 통제권을 확보했습니다.
Amazon Data Services Hong Kong Limited has agreed to acquire two data center properties from Grand Ming Group Holdings subsidiaries, Regal Development Limited and Golden Ford Limited. The acquisition comprises iTech Tower 3.1 and iTech Tower 3.2, located at 3 On Kui Street and 8 On Chuen Street in Fanling, New Territories.
iTech Tower 3.1's first phase was delivered in December 2025 and is already leased to Amazon, with remaining fit-out works ongoing. Construction on iTech Tower 3.2 continues. The deal is valued at a minimum gross consideration of HK$2.18 billion (US$277.88 million), with potential additional payments of up to HK$265.8 million, bringing the maximum total to HK$2.445 billion (US$311.66 million). Final pricing will be determined based on the scope of planned fit-out and construction works. The transaction is expected to close in February 2027.
Grand Ming, established in 1995 as an investment holding company focused on building construction and engineering services, acquired the land for the iTech Tower 3 project in 2022 and began construction the same year. The nine-story facility is designed to deliver 185,000 square feet (17,185 square meters) with capacity for 1,000 racks. Upon closing the sale of iTech Tower 3.1, Grand Ming will cease receiving rental income from the existing leasing and colocation arrangements.
Grand Ming was previously in negotiations to sell its data center business to investment firms Actis and Bain Capital. Bain Capital had proposed acquiring the in-development data centers for HK$2.15 billion (US$276 million), but the exclusivity period expired in September before a definitive agreement could be finalized.
According to Grand Ming, the sale addresses the company's need to reduce debt liabilities and strengthen its financial position. The company stated that selling both properties to a single purchaser "reduces the time, execution risk, and duplicated costs" compared to separate transactions, particularly since Amazon's consent would have been required to sell iTech Tower 3.1 to a third party. The sale is part of a broader package of measures to ensure the group's long-term financial stability and survival as a going concern.
Grand Ming also operates iTech Tower and iTech Tower 2, data center facilities in Tsuen Wan (launched 2008) and Kwai Chung (operational since approximately 2012). It remains unclear whether the company is pursuing sales of those facilities.
Amazon launched an AWS cloud region in Hong Kong in April 2019 with three availability zones. The company has not yet publicly commented on the acquisition.