The Group currently has four data centres in Singapore, 11 in Europe, one each in China and India, and it is the fund and asset manager for the development of two data centres 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.
Leveraging CapitaLand’s fund management capabilities, the Group set up its first data centre private fund with 100% third-party capital in October 2020 and a second data centre private fund in May 2021. The Korea Data Centre Fund I and Fund II will invest in two off-market data centre development projects in South Korea. CapitaLand originated and structured the investment for the fund investors and will lead the planning and development of the data centres as well as earn fee income as a fund and asset manager.