ESR announces over US $ 1 billion first close of inaugural Data Centre Fund
SR Group Limited , one of APAC ’ s largest real asset managers
E powered by the New Economy , has announced the first close of over US $ 1 billion in equity commitments for its inaugural vehicle , Data Centre Fund 1
(‘ ESR DC Fund 1 ,’ or the ‘ Fund ’), dedicated to the development of its growing data centre business .
ESR DC Fund 1 brings together some of the world ’ s largest institutional investors ,
including sovereign wealth and pension funds . ESR will raise a separate discretionary capital sleeve to co-invest into the fund which will likely close the balance of the fund at the hard cap of US $ 1.5 billion . Additionally , the partners have an upsize option of an additional equity commitment of US $ 1.5 billion , which would bring the total investment capacity to as much as US $ 7.5 billion over time .
ESR ’ s current data centre development portfolio comprises data centre projects primely located in major data centre clusters across Asia , including Hong Kong , Osaka , Tokyo , Seoul , Sydney , Mumbai and Singapore , delivering a 300MW IT load . Among these projects is a key asset the group acquired in Osaka that will be developed into a multi-phase data centre campus with a development potential of up to 95MW IT load to serve both hyperscalers and colocation operators in the rapidly growing Osaka market .
Green Mountain expands into UK
orwegian-based Green Mountain , a leader in sustainable colocation data centres , reveals plans to
N expand into the UK . Green Mountain ’ s owner , Azrieli Group , has announced it has signed an agreement to acquire an existing data centre and available adjacent land , both with further expansion and development potential , in Romford , East London . Through this acquisition , the site will be upgraded and re-branded as Green Mountain and become part of its operations .
“ With this expansion , we can offer a broader portfolio of sites with immediately available green power . We can serve clients who have capacity requirements or need to remain in the London area while still achieving their sustainability targets . This is a long-awaited request from both our current and prospective clients .”
Azrieli Group and the seller signed a share purchase agreement for the acquisition of the properties owned by Infinity SDC . in Romford . This campus includes an existing data centre with significant expansion potential and available land for further development and is located less than 10 miles from the major financial centres of the City of London and Docklands . With the use of secured green power , it is capable of supporting up to 40MW of IT load and already has several strong UK enterprises as core tenants . Completion of the acquisition is subject to certain conditions and is expected to take place before the end of the year .
“ We are very excited to expand our operations outside of Norway and this site is a perfect match for us . London is an extremely important data centre hub and a must-have location for many international companies ,” said Tor Kristian Gyland , CEO of Green Mountain .
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