ESR's new approach in Hong Kong
It is its first strategic asset in Hong Kong: ESR, an APAC focused logistics real estate platform, has taken another step towards developing its data centre ecosystem.
The newly acquired asset is located in Kwai Chung, one of the major data centre clusters in Hong Kong. The Group plans to work with capital partners and operators to convert the building into a data centre with a facility load of 40 megawatts and an expected GAV of approximately USD 675 million upon completion.
Jeffrey Shen and Stuart Gibson, ESR Co-founders and Co-CEOs, commented: "Hong Kong is an important data centre market in the APAC region as well as the home to ESR’s headquarters. Entering the Hong Kong market is a key expansion strategy as we continue to build our integrated digital and logistics supply chain infrastructure platform in APAC.”
In April 2021, ESR launched an acquisition in Japan with a plan to develop a USD 2 billion multi-phase data centre campus near Osaka. (sh)