Land Bank of the Philippines and A-FLOW Properties I Corp. have entered into a P2.4 billion loan agreement to fund the initial phase of a massive data center campus in Biñan, Laguna. This is the first tranche of a total P10.8 billion, ten-year loan facility extended by the state-owned bank to the data center developer.
Slated for completion by the end of the year, the first phase of the three-building campus will boast a six-megawatt IT capacity. A-FLOW President Amandine Wang expressed optimism about the project, highlighting its potential to become the Philippines’ largest carrier-neutral data center campus. The company aims to create an ecosystem that will attract both international and local clients.
A joint venture between AyalaLand Logistics Holdings Corp. (ALLHC) and FLOW Digital Infrastructure, A-FLOW specializes in developing and operating digital infrastructure across the Asia-Pacific region.
LandBank President and CEO Ma. Lynette V. Ortiz emphasized the significance of this partnership, marking the bank’s first foray into data center financing. She expressed confidence in the project’s potential to generate substantial economic benefits.
ALLHC Chairman Anna Ma. Margarita B. Dy underscored the critical role of data centers in supporting the growth of digital transformation, cloud computing, and artificial intelligence. She expressed gratitude to LandBank for the substantial loan facility, which she described as a crucial factor in the project’s success.
With this strategic alliance, A-FLOW and LandBank aim to contribute significantly to the Philippines’ growing digital landscape.
