AirTrunk, an Asia Pacific & Japan (APJ) hyperscale data center provider, is reportedly close to inking a A$ 1.8 billion standalone debt package for its Johor Bahru 1 data centre in Malaysia. This could become the first “major sell-down” since AirTrunk was acquired by a consortium led by Blackstone for A$ 24 billion in 2024.
According to The Australian Financial Review, as many as 23 banks including SMBC, Société Générale, BNP Paribas, Santander, United Overseas Bank, Standard Chartered, DBS, Credit Agricole, ING and MUFG have “tipped into the deal” alongside CIMB and Citi “which are also helping AirTrunk sell about 80 per cent of the equity in JHB1.”
The publication further reports citing unnamed sources that major Malaysian pension funds and global investors have shown interest in the deal. The equity and debt proportions of the deal for JHB1, which commenced operations in 2025, are expected to be finalized this year. The 150 MW facility has reportedly been valued at A$ 3 billion on an enterprise valuation basis.
Meanwhile, AirTrunk has been strengthening its presence in Australia, setting up its second hyperscale data center campuses in Melbourne, and also expanding its footprint in Japan with a second hyperscale facility in Osaka.
