M&A, Southeast Asia, hyperscale, master-planned data centre parks, JB, cloud investments
The sector had another busy week, with developments in M&A, activity in Southeast Asia, more hyperscale cloud investments and additional movement in master-planned data centre campuses.
The M&A arena continues to pick up the pace after a slower period over the last few years. In the past week, Fengate Asset Management upped its stake in Canadian data centre operator eStruxture, while KKR and Singtel invested $2.2b in STT GDC and Coatue Management invested $150m in Hut 8. In other strategic moves, CDC in Australia received a significant capital ejection from existing investor Infratil and Africa Data Centres secured funds for expansion.
Southeast Asia again saw more data centre expansion and development activity. New operating platform EDGNEX Data Centres, part of Damac Group in the UAE, followed its recent entry into Jakarta, with a new project in Bangkok, and there were a number of developments in Johor Bahru. Singtel’s new data centre operating arm Nxera partnered with Telekom Malaysia for a campus project and Princeton Digital Group secured a loan for a build there. Meanwhile, Endec disclosed plans to build a campus in the Philippines.
Hyperscale cloud continues to invest in infrastructure expansion and education and skills training. In the past week, AWS invested €10b in Germany to support the Frankfurt-based cloud infrastructure region, while Oracle Cloud invested $1b in Spain.
Finally, there was more movement in master-planned data centre campuses as Tract acquired more land in Reno, Nevada for future expansion.
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