STARTING WITH 12MW IDC FACILITY
Real estate private equity firm Gaw Capital Partners, has just announced that it forms a new Joint Venture (JV) platform with A3 Capital, to invest into greenfield and under-performing data center assets in the Southeast Asia region.
The companies also plan to launch ‘Infinaxis Data Center’ – a joint firm that will focus on the development of Internet Data Centre (IDC) assets across the Southeast Asia region, through the JV platform. As stated Infinaxis is staffed by the data center team originally under A3 Capital, and is to manage the data center assets under the JV platform.
As announced, the JV platform’s first investment is located in Cyberjaya, Kuala Lumpur, Malaysia, with other pipeline opportunities in other neighboring countries like Indonesia and Singapore.
“The outlook for data center demand in Southeast Asia is indeed highly positive and our collaboration with Gaw Capital will allow us to fast track the delivery of services for our customers. Indeed, through our Gaw Capital partnership we have been able to gain support from MIDA and MDEC in processing the necessary regulatory approvals in a timely manner,” said Zahri Mirza, Chief Executive Officer for Infinaxis
Located in Cyberjaya, the JV’s first investment consists of two greenfield sites with a combined plot area of 12,490 square meters, while planning to development a 12 MW IT load IDC facility on one of the plots. The companies plan to be doubled the IT capacity potentially in the future, with the second plot to be developed as an expansion site.
“Gaw Capital Partners is honored to work together with Infinaxis Data Centre Holdings as the platform operator. By forming this strong partnership, we will develop, acquire or reposition four to five data centers in different locations throughout Southeast Asia,” said Kok Chye Ong, the Managing Director and Head of IDC Platform, Asia (Ex-China) of Gaw Capital Partners.
Recently, Equinix Inc., also announced that it plans to build a new International Business ExchangeTM (IBX®) data center in Johor, Malaysia, its first data center facility in the country. As announced, the new data center is to provide 500 cabinets and 1,960 square meters of colocation space, with an initial investment of approximately $40 million.