CapitaLand has announced the launch of its China-focused data center development fund, namely CapitaLand China Data Centre Partners (CDCP), through which it is planning two new facilities located outside Beijing, with a focus on sustainability.
According to the company, the two development projects, which will be designed, built, and certified against Leadership in Energy and Environmental Design (LEED) Gold standards, are pegged to be completed in 2025. The facilities will also deliver more than 100MW. Further to the developments' LEED certification, the data centers will also include fan wall cooling systems, and, promoting circular economy principles, will recycle waste heat from the servers to heat offices. It will also feature rooftop solar energy harvesting systems.
CapitaLand
Michelle Lee, managing director, of private funds (data center), CLI, commented: "CDCP will invest in two highly sought-after data center projects in prime locations. China's data center market is currently the second largest in the world and the largest in Asia Pacific, and is projected to grow 24 percent annually until 2025. There is strong interest in CLI's future data center projects in China and Asia Pacific at large, and we are actively seeking to grow in this sector."
Meanwhile, Patrick Boocock, CEO, of private equity alternative Assets at CLI, said: "As one of the fastest growing new economy asset classes providing critical digital infrastructure for the global economy, data centers present a tremendous opportunity and are a key strategic focus for CLI."
Adding: "CDCP is our third data center development fund, following the establishment of two such funds in South Korea. We are excited to bring our capabilities to the China market and advance our ambition of becoming a major global digital infrastructure player."
