ADIA, SC Capital to invest $2bn in Asia data centres

The focus will be on developed markets, including Japan, Korea, Singapore, and Australia. ADIA is also investing into SC’s pan-Asian opportunistic investment strategy, according to a statement, although no details were provided.

The operating partner will be SC Capital’s recently established SC Zeus Data Centers unit, which has a presence across Singapore, mainland China, Hong Kong, Japan, Korea, and Thailand.

The platform is described as a one-stop solution to the various real estate strategies managed by SC Capital. It is said to be able to offer design, development, asset management, leasing and sales, project management, and operations, as well as technical services for data centres across Asia Pacific.

“SC Zeus Data Centers is assembling a healthy pipeline of projects and will expeditiously implement our strategy of delivering best in class, efficient and sustainable data centres for our partners. We are confident that this programme with ADIA will enhance our speed to market during this exciting phase of the growing data centre sector in Asia Pacific,” said Joe Gooi, CEO of SC Zeus.

Real estate services manager Savills expects the data centre industry to grow 4.5% a year through 2026, reaching USD 251bn in value. This has been broadly attributed to rapid expansion in internet use globally.

In developed markets, rising demand has been connected to technologies such as interest-of-things, cloud computing, augmented reality, and blockchain. These markets may also be distinguished by greater pressure to reconcile the environmental costs of the expansion. Data centres now account for 4% of global greenhouse gas emissions, and the energy they consume doubles every four years.

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• Topics
• Southeast Asia
• Infrastructure
• Technology
• Real estate
• Singapore
• Abu Dhabi Investment Authority (ADIA)
• data center