Hong Kong Data Centre

Project Overview

The HKG1 project involved the phased development of a new 19MW data centre within the existing eight-storey building in Tsing Yi, Hong Kong. The brownfield development presented complexity due to its location in a densely populated residential area and the heritage constraints of the site. It was also the client’s first project in the region. The Day 1 scope included the construction of core infrastructure and the delivery of 4.9MW of IT load across multiple data halls. Despite geo-political unrest in the region at the time, the project site was considered low risk and removed from areas of disruption. The development used a Guaranteed Maximum Price (GMP) delivery model and involved local and international contractors and equipment suppliers

TBH’s Role

• Conducted a full technical due diligence review covering cost, time, constructability, and commercial risks for the phased delivery of the HKG1 Phase 2 data centre.
• Assessed the contractual framework, including the GMP with the GC, lease arrangements, and milestone linked liquidated damages, confirming they aligned with market norms and supported delivery certainty.
• Reviewed the construction programme, benchmarking key durations and confirming the adequacy of contingency between contractor and tenant RFS dates.
• Evaluated proposed contractors, subcontractors, and suppliers of Owner Supplied Equipment (OSE), validating that all major vendors were credible and appropriate.
• Validated the capital budget, including benchmarking cost per MW and contingency levels, and provided recommendations to strengthen programme logic and subcontractor oversight.

The TBH Difference 

TBH’s involvement provided critical assurance to the lender in their first data centre financing in Hong Kong. Through early identification and validation of key risks, TBH helped de-risk delivery in a complex brownfield site within a dense urban setting.

The project was ultimately delivered on time and within budget, validating the robustness of the GMP commercial structure, delivery programme, and cost planning. TBH’s independent analysis enabled confident lender participation and contributed to the successful execution of a strategic hyperscale facility in the region