Goodman Group, a global provider of digital infrastructure, has established the Goodman Hong Kong Data Centre Partnership (GHKDC), which is a new $US 2.7 billion data centre dedicated investment vehicle. Its initial portfolio includes six assets – four of these facilities are fully stabilised data centers, two facilities are under active development.
In a press release, the company revealed that once complete, the six assets will comprise over 2.3 million square feet of gross lettable area and 325 MVA of primary utility power – equating to more than 180MW of IT load.
GHKDC follows the formation of the Goodman Japan Data Centre Venture in 2023, which will reach US$ 1.1 billion in assets by the end of this year, expanding Goodman’s Asia Data Centre platform.
“Demand for data centres in Hong Kong and Tokyo continues to grow with limited supply alternatives. The strength of the Goodman platform is enabled by our land in prime locations, secured power, an experienced team, and access to capital. Combined, these factors position us well to continue delivering to the scale and quality that meets the needs of our customers,” said Paul McGarry, Goodman’s Head of Asia, adding, “With a future development power bank of over 1GW across these major cities, we are confident in our ability to deliver the modern, high-performance infrastructure essential to Asia’s digital economy.”
GHKDC is a private institutional investment platform focused solely on Hong Kong’s data centre market. Goodman holds a 20 percent cornerstone stake, alongside leading institutional and sovereign wealth partners, including PGGM, APG, Canada Pension Plan Investment Board (CPP Investments), CBRE Investment Management’s Indirect Private Real Estate Strategies (CBRE IM Indirect) and a Middle Eastern investor.
