(Reuters) – Hong Kong-based real estate manager ESR Group on Thursday said it was teaming up with U.S.-based data centre provider CloudHQ to jointly develop and operate a $2 billion data centre campus in Japan.
The campus, located in Nanko Kita, Osaka, will deliver 130 megawatts (MW) of data centre capacity over three phases. The first phase will be ready for service in June 2025 and provide 25 MW of data centre capacity.
The seemingly insatiable appetite for artificial intelligence (AI) has triggered a rush into data centre investments globally as real estate managers, private equity firms and global investors seek to capitalise on the frenzy.
ESR said the joint venture is a step forward in its accelerated strategy to deliver advanced data centre solutions.
“We have a strong conviction in the growth of the data centre market in Japan and across APAC,” Diarmid Massey, CEO of ESR Data Centres, said.
(Reporting by Kumar Tanishk in Bengaluru; Editing by Sumana Nandy)
