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SC Capital Partners to Develop Asian Data Centres

The Asia-Pacific region is experiencing a growing demand for data centres, driven by accelerated digitalisation and increased localisation


An artist’s impression of the SC Capital Partners-funded data centre development in Seoul. Photo: SC Zeus Data Centers

 

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

 

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.