AirTrunk, backed by Macquarie Asia Infrastructure Fund 2 and Public Sector Pension Investment Board (PSP Investments), is developing its second data centre in Hong Kong to support demand for critical digital infrastructure in the region.

The AirTrunk HKG2 data centre, located in a new, major cloud availability zone in Hong Kong’s East New Territories, will be scalable to over 15MW. Initial capacity is expected to be delivered to an anchor tenant in mid-2024.

AirTrunk, which did not provide financial details of the HKG2 project, is reported to be planning to raise a A$4.76bn (€2.9bn) sustainability-linked loan to refinance debt and fund new projects.

AirTrunk deputy CEO, Michael Juniper, said: “As a key international business hub, Hong Kong has ambitions to accelerate the development of a digital economy.

“Combined with the rapid rise of artificial intelligence (AI), there is huge demand for cloud services and the supporting critical digital infrastructure. HKG2 will play an important role in responding to this demand.”

AirTrunk head of Hong Kong, KC Li, said: “The development of HKG2 will bring significant benefits to the Hong Kong economy, including the creation of new jobs, enablement of public cloud, sustainable innovation and community contributions.”

HKG2 complements HKG1, which opened in late 2020 in Hong Kong’s West New Territories.

The facility will become the 10th data centre in AirTrunk’s APJ platform, which also includes data centres in Australia, Japan, Singapore and Malaysia. Collectively, the platform will offer almost 1.38GW across the region.

To read the latest edition of the latest IPE Real Assets magazine click here.