The Group currently has four data centres in Singapore, 11 in Europe, and it is the fund and asset manager for the development of a data centre in Korea. In Singapore, CapitaLand owns 9 Tai Seng Drive under its balance sheet and operates the data centre, while Ascendas Reit owns three data centres - Telepark, Kim Chuan Telecommunications Complex and 38A Kim Chuan Road. In March 2021, Ascendas Reit’s data centre portfolio expanded to the United Kingdom (four properties), the Netherlands (three properties), France (three properties) and Switzerland (one property).
Leveraging CapitaLand’s fund management capabilities, the Group set up its first data centre private fund with 100% third-party capital in October 2020. The Korea Data Centre Fund 1 will invest in an off-market data centre development project in South Korea, near Seoul’s key business districts and adjacent to SangAm Digital Media City. CapitaLand originated and structured the investment for the fund investors and will lead the planning and development of the data centre as well as earn fee income as a fund and asset manager.