Actis has expanded its build-to-core strategy in South Korea via a partnership with GS Group to construct $315m (€269m) data centre in Seoul.
Actis said it will own a 75% GS Group’s construction arm GS E&C, which will build and operate the 21MW internet data centre.
Brian Chinappi, head of Asia real estate at Actis, said Seoul has an insatiable appetite for data but is struggling to meet demand with fewer than five largescale non-owner-occupied data centres currently available in the market.
”This investment, where land and grid power have been secured in an area popular with cloud service providers, will directly help to address that challenge.
”We are pleased to be working with GS E&C, an experienced local contractor that has built 185MW of existing internet data centre capacity. Together this project will deliver another critical piece of digital infrastructure for Korea.”
The latest investment is a continuation of Actis’ build-to-core strategy in Korea and expands its experience in the fast-growing digital infrastructure segment, the manager said.
The firm has created a Chinese data centre platform, Chayora Holdings, to develop hyperscale data centre facilities. In early 2020, Actis also established a $250m pan-African data centre platform, starting with an investment in Rack Centre in Lagos, Nigeria.
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