ESR to build a $2.15 billion data centre in Japan
Published 9 April 2021
APAC-focused real estate and logistics company ESR Cayman Limited (“ESR”) has acquired a data centre campus in Osaka, Japan, which it will further develop by pumping in $2.15 billion.
The facility is located within 10km of Osaka City, where major internet exchange and cloud corporations in Japan are located. With excess land and a development potential of up to 78 Megawatts (MW), ESR plans to construct two additional buildings with a combined power load of 38 MW.
Jeffrey Shen and Stuart Gibson, co-founders and co-CEOs of ESR, note that the acquisition adds to the company’s strategic data centre push, which includes land exclusivity and power approvals to potentially develop over 200 MW of data centres across major markets in the APAC region.
“ESR has a proven track record of consistently developing world class assets and delivering world class project management to our logistics tenants, many of whom are e-commerce giants who also offer cloud services,” they added.
“Our operational expertise enables us to offer cloud service providers and operators in all major APAC economies from a single source solutions that meet their needs and requirements beyond the optimization of business performance and growth.”
Commenting on the area of sustainability in their ventures, Shen and Gibson explained that ESR will work with cloud providers to ensure that carbon reduction and responsible innovation are at the heart of all developments at ESR’s data centres.
Construction of the first building is scheduled to begin this year, with completion expected in 2023.