Work is underway on a joint venture between real estate private equity business Gaw Capital Partners and investment platform A3 Capital, making headway for new development in Malaysia’s ‘Silicon Valley’ in Cyberjaya’.
Titled Infinaxis, the data center marks another step in the area’s growth as it seeks to adapt to the ever-growing demand for hyperscalers, AI services, cloud providers and national and international corporations.
With anticipated completion in Q2 of 2025, the project will cover 17000 sq m of floor space totalling 10 data halls. In total, the facility will provide up to 80 kW of power density per rack, offering an IT load of 12 mW. Pre-leased tenants have been secured, as well as nearby acquired land which will offer an expansion area and facility in the event of increased demand.
In Malaysia, the data center market is expected to reach a total value of US $2 billion from 2022 to 2027, with growth of 7% CAGR anticipated in the same period. Increased internet usage across the nation, as well as high volumes of data, have driven growth in data center development across Malaysia.
The partnership between the real estate and investment companies aims to invest into greenfield and underperforming data center assets in critical markets in Southeast Asia. The joint venture seeks to develop a Tier-3 certified portfolio of assets across these key markets.