Latest news with #Turner&Townsend
Yahoo
15-05-2025
- Business
- Yahoo
Data Center Construction Cost in Mumbai Lower Compared to Tokyo and Sydney
With 121 colocation centers, India aims to dominate the APAC region, spurred by cloud service expansion. Key locations include Maharashtra and Tamil Nadu. Indian Data Center Market Dublin, May 15, 2025 (GLOBE NEWSWIRE) -- The "India Data Center Market - Investment Analysis & Growth Opportunities 2025-2030" report has been added to Indian Data Center Market was valued at USD 6.48 Billion in 2024, and is projected to reach USD 10.70 Billion by 2030, rising at a CAGR of 8.72%. KEY HIGHLIGHTS The number of third-party data center facilities in the India data center market is actively growing, with a good start the country is aiming to become an established market in the APAC region and has around 121 existing colocation data centers spread across the country, with most of them being in Maharashtra, Uttar Pradesh and Tamil Nadu. Wholesale colocation continues to dominate the colocation market in India, with a higher capacity and market share compared with retail colocation. The demand for wholesale colocation is expected to grow owing to the growth in the use of cloud-based services. Cloud operators are likely to store part of their workloads via wholesale colocation. A strategic integration of technological innovation, sustainability, and global partnerships is evident in the Indian data center market. This dynamic environment revolutionizes the digital economy of India and makes it more competitive internationally in terms of digital infrastructure. According to Turner & Townsend's Data Center Cost Index for 2024, the construction cost of data centers in Mumbai is $6.60 per watt, which is comparatively lower in comparison with Japan's Tokyo and Australia's Sydney. The costs are expected to rise year over year due to several factors, including supply chain issues, inflation, and interest rates. Data Center Policy formulated by states individually gives an edge for attracting investments into respective states. Currently, states like Maharashtra, Uttar Pradesh, Tamil Nadu, Telangana, Karnataka, West Bengal, and other states have their own data center policy focused on ease of setting up businesses. WHY SHOULD YOU BUY THIS RESEARCH? Market size available in the investment area, power capacity, and India colocation market revenue. Assessment of the data center investment in India by colocation, hyperscale, and enterprise operators. Data center investments in the area (thousand square feet) and power capacity (MW) across cities in the country. A detailed study of the existing India data center market landscape, an in-depth market analysis, and insightful predictions about the India data center market size during the forecast period. Snapshot of existing and upcoming third-party data center facilities in India Facilities Covered (Existing): 121 Facilities Identified (Upcoming): 87 Coverage: 25+ Cities Existing vs. Upcoming (Data Center Area) Existing vs. Upcoming (IT Load Capacity) Data center colocation market in India Colocation Market Revenue & Forecast (2021-2030) Wholesale vs. Retail Colocation Revenue (2021-2030) Retail Colocation Pricing Wholesale Colocation Pricing The India data center landscape market investments are classified into IT, power, cooling, and general construction services with sizing and forecast. A comprehensive analysis of the latest trends, growth rate, potential opportunities, growth restraints, and prospects for the industry. Business overview and product offerings of prominent IT infrastructure providers, construction contractors, support infrastructure providers, and investors operating in the industry. A transparent research methodology and the analysis of the demand and supply aspects of the market. INDIA DATA CENTER MARKET VENDOR LANDSCAPE The India data center market is primarily dominated by operators, including NTT DATA, CtrlS Datacenters, Sify Technologies, Nxtra by Airtel, ST Telemedia Global Data Centres, AdaniConneX, Yotta Infrastructure, Princeton Digital Group, Iron Mountain, Colt Data Centre Services, Equinix, Digital Connexion, and others. In September 2024, Princeton Digital Group announced its plan to invest around USD 1 billion to expand its data center portfolio across Chennai and Mumbai. The company aims to expand its MU1 data center campus in Mumbai by adding three new buildings and developing a new data center campus, CH1, in Chennai. The India data center market is also witnessing investment from several new entrants, which include CapitaLand, Digital Edge, Everstone, Lumina CloudInfra, and others. All the major cloud operators, such as Microsoft, Google, Amazon Web Services, Oracle, Tencent Cloud, Alibaba Cloud, and others, operate in the India data center market with their own dedicated cloud regions. Hyperscale operators such as Amazon Web Services, Microsoft, and Google are involved in the development of self-built data center facilities in the India data center market. For instance, in 2024, hyperscale data center operators contributed to 13.4% of the overall data center investments in India, and this share is likely to increase and reach around 14.8% by 2030. EXISTING VS. UPCOMING DATA CENTERS Existing Facilities in the Region (Area and Power Capacity) Maharashtra Uttar Pradesh Tamil Nadu Telangana Other States List of Upcoming Facilities in the Region (Area and Power Capacity) Maharashtra Uttar Pradesh Tamil Nadu Telangana Other States IT Infrastructure Providers Arista Networks Atos Broadcom Cisco Systems Dell Technologies Fujitsu Hitachi Vantara Hewlett Packard Enterprise Huawei Technologies IBM Lenovo NEC Oracle NetApp Data Center Construction Contractors & Sub-contractors AECOM Advanced India Projects (AIPL) AHLUWALIA CONTRACTS (INDIA) DEC Infra DSCO Group Edifice Consultants Emerge Engineering Krishna Buildestates (KBE) Larsen & Toubro Listenlights Nikom InfraSolutions Prasa Tata Projects Techno Electric & Engineering Turner & Townsend Vastunidhi Architects Support Infrastructure Providers 3M ABB Alfa Laval BlueBox by Swegon Bloom Energy Caterpillar Climaveneta Cummins Delta Electronics Eaton Fuji Electric HITEC Power Protection Johnson Controls Kirloskar Oil Engines Legrand NetRack Enclosures Panduit Riello Elettronica Rittal Rolls-Royce Schneider Electric Siemens STULZ Vertiv Data Center Investors AdaniConneX Amazon Web Services Bridge Data Centres BSNL Colt Data Centre Services CtrlS Datacenters Cyfuture Digital Connexion Equinix Microsoft NTT DATA Nxtra by Airtel OVHcloud Pi DATACENTERS Princeton Digital Group RackBank Reliance Jio Sify Technologies ST Telemedia Global Data Centres VueNow Iron Mountain Yotta Infrastructure New Entrants CapitaLand Digital Edge Everstone Group Lumina CloudInfra SLG Capital Key Attributes: Report Attribute Details No. of Pages 175 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $6.48 Billion Forecasted Market Value (USD) by 2030 $10.7 Billion Compound Annual Growth Rate 8.7% Regions Covered India REPORT COVERAGEThis report analyses the Indian data center market share. It elaborately analyses the existing and upcoming facilities and investments in IT, electrical, mechanical infrastructure, general construction, and tier standards. It discusses market sizing and investment estimation for different segments. The segmentation includes: Facility Type Colocation Data Centers Hyperscale Data Centers Enterprise Data Centers IT Infrastructure Server Infrastructure Storage Infrastructure Network Infrastructure Electrical Infrastructure UPS Systems Generators Transfer Switches & Switchgears PDUs Other Electrical Infrastructure Mechanical Infrastructure Cooling Systems Rack Other Mechanical Infrastructure Cooling Systems CRAC and CRAH Units Chillers Units Cooling Towers, Condensers and Dry Coolers Other Cooling Units General Construction Core & Shell Development Installation & Commissioning Services Building & Engineering Design Fire Detection & Suppression Systems Physical Security DCIM Tier Standard Tier I & Tier II Tier III Tier IV Geography Maharashtra Uttar Pradesh Tamil Nadu Telangana Other States For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Indian Data Center Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Zawya
08-04-2025
- Business
- Zawya
Turner & Townsend lead management consultant for Diriyah project in Saudi
Turner & Townsend, the global professional services company, has been appointed as the project management and construction management consultant for Diriyah's Northern District, a major development that will enrich the cultural and knowledge landscape of the Kingdom of Saudi Arabia. The Northern District is a planned global centre of learning for scholars, students, and visionaries, and a cornerstone of the broader $63.2 billion (SAR236 billion) Diriyah Masterplan covering a 14 sq km area on the outskirts of Riyadh. Diriyah, The City of Earth, will generate an estimated 178,000 jobs, provide homes for nearly 100,000 residents, attract 50 million visits each year, and is predicted to contribute approximately $18.6 billion directly to Saudi Arabia's GDP once completed. Designed to be a hub for knowledge, learning, and creativity, the Northern District will feature museums, a university, and a library, with a hotel around the district's public square, offering magnificent views of At-Turaif, the Unesco World Heritage Site and Wadi Hanifah. Since joining the project in March 2024, Turner & Townsend has worked to manage a smooth transition into the next phase of development, including the appointment of the full-service general contractor appointed across the district. Valued at $2 billion and spanning 172,000 sq m of gross floor area (GFA), construction is scheduled to last three years. At its peak it will see 250 consultants from Turner & Townsend and its sub-consultants working across the project. Jerry Inzerillo, Group CEO, Diriyah Company, said: "The Northern District is a vital component of the Diriyah masterplan that exemplifies the richness and diversity of The City of Earth. Our collaboration with Turner & Townsend marks another major milestone in our efforts to develop Diriyah into a global gathering place that honors 300 years history, heritage and culture." Mark Hamill, Regional Real Estate and Major Programs Lead, Turner & Townsend, Middle East, said: "Our collaboration with Diriyah Company on the Northern District project is creating a premier global hub for cultural, educational, and economic excellence." "The development will attract millions of visitors and generate thousands of jobs, and as Diriyah evolves into an authentic Najdi-style mixed-use urban community, the Northern District will play a pivotal role in enriching the cultural and educational landscape of the Kingdom of Saudi Arabia," he added. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Zawya
26-03-2025
- Business
- Zawya
Turner & Townsend named cost consultant for key Saudi PIF projects
Saudi Arabia - Turner & Townsend, a global professional services company, said it has been appointed as the cost consultant for the Smart Accommodation for Residential Complexes Company (sarcc), a new property developer and operator of employee housing across the Kingdom of Saudi Arabia (KSA). A subsidiary of Saudi sovereign wealth fund PIF, the sarcc aims to meet the growing demand for accommodation solutions for both public and private projects across the country. Among its key initiatives is the development of a modern residential complex located in the King Abdullah District of Central Riyadh, to meet the need for high-quality, furnished housing. This development will deliver hundreds of apartments of different sizes, as well as retail spaces and modern amenities, providing convenient and comfortable living options for Riyadh's expanding workforce. Its prime location will benefit residents, with community living spaces and green areas that will positively transform living accommodation in Riyadh. The project will integrate high-density urban living with aesthetic appeal, providing a variety of residential options that enhance the visual landscape and meet the increasing housing demand in Central Riyadh. Dean Furey, Real Estate Lead, KSA, at Turner & Townsend said: "Supporting sarcc in the development of new high-quality residential units will enhance accommodation options in the capital and enable more long-term investment in Saudi Arabia by providing better amenities and services for workers." Turner & Townsend is majority-owned by CBRE Group, a major commercial real estate services and investment firm. With a 22,000-strong global workforce in 60 countries, it works with clients across real estate, infrastructure, energy and natural resources. "We recognise the importance of this objective to meet the demands of the expanding workforce," stated Furey. "sarcc will be at the forefront of modern construction - exploring the use of modular methods and design to bring scalable, adaptable, and durable accommodation to the Riyadh market and we're looking forward to transforming Riyadh's residential market and its urban landscape," he added. -TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
25-03-2025
- Business
- Trade Arabia
Turner & Townsend named cost consultant for key Saudi PIF projects
Turner & Townsend, a global professional services company, said it has been appointed as the cost consultant for the Smart Accommodation for Residential Complexes Company (sarcc), a new property developer and operator of employee housing across the Kingdom of Saudi Arabia (KSA). A subsidiary of Saudi sovereign wealth fund PIF, the sarcc aims to meet the growing demand for accommodation solutions for both public and private projects across the country. Among its key initiatives is the development of a modern residential complex located in the King Abdullah District of Central Riyadh, to meet the need for high-quality, furnished housing. This development will deliver hundreds of apartments of different sizes, as well as retail spaces and modern amenities, providing convenient and comfortable living options for Riyadh's expanding workforce. Its prime location will benefit residents, with community living spaces and green areas that will positively transform living accommodation in Riyadh. The project will integrate high-density urban living with aesthetic appeal, providing a variety of residential options that enhance the visual landscape and meet the increasing housing demand in Central Riyadh. Dean Furey, Real Estate Lead, KSA, at Turner & Townsend said: "Supporting sarcc in the development of new high-quality residential units will enhance accommodation options in the capital and enable more long-term investment in Saudi Arabia by providing better amenities and services for workers." Turner & Townsend is majority-owned by CBRE Group, a major commercial real estate services and investment firm. With a 22,000-strong global workforce in 60 countries, it works with clients across real estate, infrastructure, energy and natural resources. "We recognise the importance of this objective to meet the demands of the expanding workforce," stated Furey.
Yahoo
20-03-2025
- Business
- Yahoo
CBRE Group, Inc. Provides Recast Historical Financial Information for 2025 Business Segments
DALLAS, March 20, 2025--(BUSINESS WIRE)--CBRE Group, Inc. (NYSE: CBRE) today announced that it has posted on its Investor Relations website certain recast historical financial information, including revenue by business line and operating profit, for the new business segment structure that went into effect on January 1, 2025. As previously announced, CBRE combined its project management business with its Turner & Townsend subsidiary in early January 2025 and will report financial results for a fourth business segment, Project Management, beginning with the first quarter of 2025. Also in early January 2025, CBRE acquired the remaining equity interest in Industrious, a provider of premium flexible workplace solutions, and established a new business segment, Building Operations & Experience, comprised of enterprise and local facilities management and property management, which includes flexible workplace solutions. The company's four business segments, effective January 1, 2025, are (1) Advisory Services; (2) Building Operations & Experience; (3) Project Management; and (4) Real Estate Investments. Recast historical financial information for these segments for the years ended December 2024, 2023, and 2022 can be accessed here. About CBRE Group, Inc. CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world's largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at We routinely post important information on our website, including corporate and investor presentations and financial information. We intend to use our website as a means of disclosing material, non-public information and for complying with our disclosure obligations under Regulation FD. Such disclosures will be included in the Investor Relations section of our website at Accordingly, investors should monitor such portion of our website, in addition to following our press releases, Securities and Exchange Commission filings and public conference calls and webcasts. Forward-Looking Statements Certain of the statements in this release that do not concern purely historical data are forward-looking statements within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are made based on our management's expectations and beliefs concerning future events affecting us and are subject to uncertainties and factors relating to our operations and business environment, all of which are difficult to predict and many of which are beyond our control. Accordingly, actual performance, results and events may vary materially from those indicated in forward-looking statements, and you should not rely on forward-looking statements as predictions of future performance, results or events. Numerous factors could cause actual future performance, results and events to differ materially from those indicated in forward-looking statements, including risks and uncertainties discussed in our filings with the U.S. Securities and Exchange Commission (SEC). Any forward-looking statements speak only as of the date of this release. We assume no obligation to update forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information, except to the extent required by applicable securities laws. If we do update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements. For additional information concerning factors that may cause actual results to differ from those anticipated in the forward-looking statements and other risks and uncertainties to our business in general, please refer to our SEC filings, including our Form 10-K for the fiscal year ended December 31, 2024 and our most recent quarterly filings on Form 10-Q. Such filings are available publicly and may be obtained from our website at or upon request from the CBRE Investor Relations Department at investorrelations@ View source version on Contacts For further information: Chandni Luthra - Steve Iaco - Sign in to access your portfolio
