Singapore-based Evolution Data Centres (EDC) has formed a joint venture with affiliates of Warburg Pincus to develop hyper-scale data centres in Southeast Asia.
As part of the venture, Warburg Pincus will be committing capital from its maiden asset-level Asia real estate fund, which raised US$2.8bn (€2.9bn) at its close in late 2021.
Darren Webb, EDC’s co-founder and CEO, said that with funding from Warburg Pincus, EDC would increase the development and operation of hyper-scale, sustainable data centres across multiple high-growth markets in Southeast Asia.
“Warburg Pincus has an outstanding track record of investing in Asia real estate and digital infrastructure,” said Ed Martin-Sperry, co-founder and chief investment officer of EDC.
Martin-Sperry said EDC looked forward to drawing on Warburg Pincus’ wealth of experience in undertaking large-scale capital expenditure programmes in the region as his firm embarked on its next stage of growth.
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