Stack and ESR to develop 72MW data centre campus in Japan
Stack Infrastructure, the digital infrastructure provider, a global developer and operator of data centres, and ESR Group, APAC's largest real asset manager, have announced a joint venture to develop a 72MW data centre campus in Osaka, Japan.
Stack and ESR will jointly develop and deliver 72MW of data centre capacity in Osaka's eastern suburb of Keihanna. Construction of the first three buildings will commence in Q4 2023 and be ready for service in Q2 2025. The facility will be operated under the Stack brand and further expands Stack and ESR's APAC partnership, which currently includes a 48MW data centre development in Incheon, Korea.
The strategically located campus will feature robust access to power and network to ensure strong reliability. Available solution options, from co-location to custom build-to-suit, provide hyperscale, cloud, and large enterprise clients with the scalability to meet future growth demands. In addition, higher rack densities and industry-leading PUE, WUE, and building standards support evolving workloads while achieving sustainability targets.
“Osaka is Stack’s sixth APAC market in 12 months since our entrance into the region, including the expansion of our footprint in both Japan and Australia to over 100MW each,” says Pithambar Gona, Chief Executive Officer of Stack APAC.
"This campus further deepens our partnership with ESR, allowing us to combine our capabilities to meet our clients’ strategic requirements in existing and emerging Tier 1 data centre markets.”
“ESR’s strong regional development capability in Tier 1 data centre markets ensures we are well-positioned to continue to aggressively develop data centre facilities across Asia Pacific,” adds Diarmid Massey, CEO of ESR Data Centres.
“Our partnership with Stack enables us to leverage our respective strengths to target hyperscale customer growth in key markets.”
This milestone follows the recent announcements of Stack’s entrance to the APAC market with the opening of its Singapore regional headquarters and its expansion into multiple markets with a 36MW campus in Inzai, Japan, 124MW across Melbourne, Canberra, and Perth in Australia, and a 48MW data centre in Seoul, Korea.
With a client-first approach, Stack delivers a comprehensive suite of campus, build-to-suit, co-location, and powered shell solutions in the Americas, EMEA and APAC regions.
ESR is currently developing a portfolio of environmentally friendly and industry-leading data centre solutions in Hong Kong, Osaka, Tokyo, Seoul, Sydney, Mumbai, and Singapore, funded by ESR's recently announced inaugural data centre investment fund (ESR DC Fund 1), with over US$1 billion of equity commitments for digital infrastructure investment.
With over US$140 billion in total assets under management (AUM), ESR's fully integrated development and investment management platform extends across key APAC markets, including China, Japan, South Korea, Australia, Singapore, India, New Zealand and Southeast Asia, representing over 95% of GDP in APAC.
ESR is APAC’s largest real asset manager powered by the New Economy and the third largest listed real estate investment manager globally.