Keppel and Mitsui Fudosan from Japan have announced their collaborative venture into exploring data center development and investment prospects across Japan and Southeast Asia.
In a statement released by Keppel on Monday, it was disclosed that the two entities have entered into a framework agreement. Under this agreement, the Keppel Data Center Fund II, managed by Keppel, will team up with Mitsui Fudosan to acquire a sizable data center spanning over 27,800 square meters in western Tokyo.
Expected to be operational by 2027, this venture marks Keppel’s entry into Japan’s data center market, representing a significant opportunity for the company.
Keppel’s CEO and Chief Investment Officer, Christina Tan, expressed optimism about this move, anticipating it to be a strategic step towards delivering promising returns to investors while further establishing Keppel’s presence in the Japanese market.
