Hong Kong's ESR, CloudHQ team up for $2 bln data centre campus in Japan
16/01/2025 04:46
Jan 16 (Reuters) - Hong Kong-based real estate manager
ESR Group 1821.HK on Thursday said it was teaming up with
U.S.-based data centre provider CloudHQ to jointly develop and
operate a $2 billion data centre campus in Japan.
The campus, located in Nanko Kita, Osaka, will deliver 130
megawatts (MW) of data centre capacity over three phases. The
first phase will be ready for service in June 2025 and provide
25 MW of data centre capacity.
The seemingly insatiable appetite for artificial
intelligence (AI) has triggered a rush into data centre
investments globally as real estate managers, private equity
firms and global investors seek to capitalise on the frenzy.
ESR said the joint venture is a step forward in its
accelerated strategy to deliver advanced data centre solutions.
"We have a strong conviction in the growth of the data
centre market in Japan and across APAC," Diarmid Massey, CEO of
ESR Data Centres, said.
(Reporting by Kumar Tanishk in Bengaluru; Editing by Sumana
Nandy)
((Tanishk.Kumar@thomsonreuters.com;))