GAW CAPITAL PARTNERS ANNOUNCES DATA CENTRE ACQUISITION AND TIER III DATA CENTRE BUILD
PRESS RELEASE: Gaw Capital Partners has announced that the firm, through a fund under its management, has acquired Fuchu Building located in Fuchu Intelligent Park in Fuchu City, a well-established data centre cluster less than 30km from central Tokyo.
The property is adjacent to Meito Sangyo Building in Fuchu Intelligent Park, an asset acquired in July 2021 by a fund under Gaw Capital’s management that has been under construction to redevelop into a carrier-neutral Tier III data centre as Phase I. Fuchu Building will be demolished and redeveloped into Phase II of the data centre. The site enjoys convenient access via three subway stations within close walking distance.
The land size of Fuchu Building is 5,479 sqm. With this new land, the scale of the new data centres will double to a total land size of 10,969 sqm. Subject to final design, the IT capacity of the data centres is expected to double to 39 IT MW (4,040 racks), with a total power capacity of 50 MW, which will make it the largest data centre facility in Fuchu City in terms of IT load.
Kok Chye Ong, Managing Director – Head of IDC Platform, Asia (Ex-China) of Gaw Capital Partners, said, “Gaw Capital is delighted to have our Internet data centre (IDC) portfolio continue to grow in Japan with the transactions of these two projects completed. Due to the technological advancements in 5G communications, 4K transmission, Internet of Things (IoT), artificial intelligence, auto-driving and more, there is an ever-growing amount of data traffic driving the demand for data centres to consolidate servers, store data and manage network transport. Gaw Capital Partners sees its IDC development as part of a bigger story and will continue to make it a focus sector in the future.”
Isabella Lo, Managing Director, Head of Japan of Gaw Capital Partners, added, “The acquisition brings significant strategic value to the combined project as well as our Pan-Asia IDC platform, as the increased scale and expansion capacity is highly attractive to operators and hyperscale tenants. We see great opportunities in Japan’s real estate market and look forward to exploring further opportunities across various property sectors in the country.”
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