Skip to content
  • All News
  • Regional News
    • Southeast Asia News
    • South Asia News
    • Northeast Asia News
    • Australasia News
  •   Awards
  • Events
    • Southeast Asia Events
    • South Asia Events
    • Middle East Events
    • Northeast Asia Events
    • Australasia Events
    • Past Events
  • On-Demand
  • Our Story
  • Contact Us
Menu
  • All News
  • Regional News
    • Southeast Asia News
    • South Asia News
    • Northeast Asia News
    • Australasia News
  •   Awards
  • Events
    • Southeast Asia Events
    • South Asia Events
    • Middle East Events
    • Northeast Asia Events
    • Australasia Events
    • Past Events
  • On-Demand
  • Our Story
  • Contact Us
Member Login & Register Beta
Login
Northeast Asia News

GLP seeks to raise $500 million for Data Centre expansion in China

GLP is a global investment manager, developer and operator of logistics real estate

GLP, one of the largest independent data centre operators in China is considering raising fresh funds to help expand its data centres platform in China.

The Singapore-based investment manager is seeking to raise about US$500 million from investors in exchange for a minority stake in the platform, according to people familiar with the matter, as reported by Bloomberg. The people asking not to be identified because the matter is private.

A deal could give the China data centres a valuation of about US$4 billion to US$5 billion, they said. GLP has started sounding out potential interest from other digital industry players and other investment funds, people familiar with the matter said. GLP, one of the largest independent data centre operators in China and its assets, including those under construction, will help deliver about 1,400 megawatts (MW) of IT capacity upon completion.

DC platform expansion

The proceeds from the fundraising could help expand GLP’s data centres platform both organically and via acquisitions, the people said. Considerations are preliminary and details such as the size could still change, the people said. Representatives for GLP didn’t immediately respond to requests for comment made via phone and email, Bloomberg said.

Last year, Chinese data centre company GDS Holdings had weighed a combination of its business with GLP’s data centres in China, although talks have stalled over valuation, Bloomberg News has reported.

Data centre deals in Southeast Asia is seeing a decent amount of action. Last year, DigitalBridge Group, a digital infrastructure investment firm, acquired the data centre assets of Hong Kong-based telecommunications provider PCCW for US$750 million.

GLP was founded in 2009 as a global investment manager, developer and operator of logistics real estate. The firm has expanded into areas including data infrastructure, renewable energy and related technologies. It is present in 17 countries and counts about US$120 billion in assets under management.

Publish on W.Media
  • February 9, 2022
Author Info - W.Media
Venkatesh Ganesh
Venkatesh Ganesh
Share This Article
PrevPrevious PostPrinceton Digital Group Begins Mumbai Data Centre Construction in full Steam
Next PostMphasis launches Cloud Ecosystem for EnterprisesNext
Other Popular Posts
Global switch1
Northeast Asia News
January 20, 2023

Sale talks for data center company Global Switch comes to a halt: Sources

Image credit: Business Insider
South Asia News
September 6, 2021

HCL announces the availability of GLAM on Microsoft Azure Marketplace

2021-11-03T081638Z_200463438_RC2WMQ9T58BS_RTRMADP_3_STATE-BANK-INDIA-RESULTS (1)
South Asia News
January 17, 2023

SBI Launches Electronic Bank Guarantee Facility In Collaboration With NeSL

gds
Northeast Asia News
September 13, 2022

GDS Holdings Considers Secondary Listing In Singapore

Image credit: Viator
South Asia News
June 17, 2021

NCR-Delhi region expected to emerge as a new DC hotspot: JLL

197A1168-B0C6-4559-8D7C-ADE35F8F6314
Awards
April 14, 2022

W.Media’s Asia-Pacific Cloud & Datacenter Awards 2022 are Back

W.Media is a Technology Publishing Company & Community Hub.

Our comprehensive taxonomy includes - breaking news, digital marketing and events targeted at Cloud/IT, Datacenters and Connectivity

Receive the latest news.

We'll keep you in the loop.

Great! now press

Our Story

Contact Us

Advertise on W. Media Platforms

Terms & Conditions

Privacy Policy

© 2022 W.Media. All Rights Reserved