Singapore-headquartered private equity real estate firm SC Capital Partners said it would develop data centre platforms under its new joint venture, SC Zeus Data Centers.
The Asia-Pacific region is experiencing a growing demand for data centres, which is driven by accelerated digitalisation of companies and the increased localisation of data storage due to the persistent effects of the coronavirus pandemic.
SC Zeus Data Centers will design and manage data centres in Singapore, China, Japan and South Korea.
Its first investment is in Seoul, where it will develop a data centre at an expected total cost of $500 million. In addition, the partnership has an attractive pipeline in place in Asia Pacific with approximately 250MW of total IT load.
“SC Capital Partners has been following the Asia Pacific data centre markets closely and made its first investment into this sector last year, Suchad Chiaranussati, chairman and founder of SC Capital Partners, said.
“We see a stark increase in appetite from institutional investors for the data centre sector in the Asia Pacific region,” Joe Gooi, chief executive of SC Zeus Data Centers, said.
- George Russell