Gaw Capital Partners, on behalf of its pan-Asia data centre platform, has acquired a greenfield site in Vietnam to develop an 18,168sqm asset.
The manager has invested an undisclosed sum to buy the site located in Saigon Hi-Tech Park in Ho Chi Minh City for the Pan-Asia IDC platform.
Kok Chye Ong, managing director – head of IDC Platform, Asia (ex-China) of Gaw Capital Partners, said the acquisition provided a “unique opportunity” to become one of the first IDC investors in Vietnam, offering an international hyperscale facility.
“Through the early entry into the market, it allows the firm to be well placed to serve the unmet demand in the market, with that demand being further accelerated by a young, tech-savvy population, rapid pace of development of tech SMEs, and growing high-tech investments in the country,” he said.
Gaw NP Capital will act as the master developer and has scheduled the completion of the carrier-neutral Tier III data centre project by 2024.
Vo Sy Nhan, co-founder and CEO of Gaw NP Capital, said, “Vietnam is one of the fastest-growing regions in Southeast Asia exhibiting powerful macroeconomic trends and strong demand for internet data centres.
“Due to the impact of the Covid-19 pandemic, Vietnamese businesses are now more aware of the role of digital technology in their production and business activities, which will drive the growth of digital transformation and data usage.”
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