Mitsui & Co. Asset Management Holdings Ltd. (MAH), a wholly owned subsidiary of Mitsui & Co., Ltd., has announced plans to acquire, via a holding company, an operational hyperscale data center to expand its data center business. The data center of 20 MW capacity is located in Kanagawa Prefecture, Japan.
Readers will recall that Mitsui has been engaged in hyperscale data center development since 2021 through the launch of hyperscale data center development funds via Mitsui’s subsidiary Mitsui & Co., Realty Management Ltd. (MBRM), a real estate asset management company for private funds.
In a press release, the company explained that MAH will invest 18 billion yen (US$ 120 million) into the holding company to obtain 50 percent of its shares. The holding company will obtain non-recourse loans from financial institutions. After the acquisition, there are plans for asset management operations to be entrusted to MBRM as with previous hyperscale data center development projects.
“Mitsui will contribute to the construction of digital infrastructure that supports industries through the further activation of the data center market,” said the company, adding, “Mitsui will also use its asset management capabilities to provide institutional investors and businesses with investment opportunities in asset classes that are expected to grow in the future.”
The company said that the impact for the profit for the fiscal year ending March 31, 2025 will be minor.