The real estate arm of Asia-focussed private investment manager PAG has launched a regional platform to capitalise on the rapidly-growing demand for digital infrastructure in Asia.
PAG Real Estate has created the company with digital infrastructure veteran Kris Kumar as chairman, to focus on co-location, cloud, data centres, along with network and fibre assets, in the Asia-Pacific region.
Kumar served as the founding executive and regional head of Asia-Pacific for Digital Realty; the founder and CEO of Bridge Data Centres, and the vice-chairman of Chindata Group Holdings.
PAG said the new company expects other executives to join as the company begins operations next month.
PAG Real Estate has US$2bn in investments in the sector, with plans to invest US$10bn over the short to medium term.
Jon-Paul Toppino, PAG’s president, said: “With his experience and PAG’s expertise in development and investment, we are looking forward to building a robust platform that will stand the test of time.”
Kumar said: “I strongly believe in our vision of becoming a diligent, customer-focused, and profitable digital infrastructure investor/operator in the region.”
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