APG, the manager for Dutch pension fund ABP, today announced it has acquired a 20% stake in data center developer and operator OneAsia Group, which has assets in both Hong Kong and China, from Legan Group. OneAsia’s partnership with APG will accelerate the company’s footprint expansion into Japan, Korea, and Thailand. Notably, the remaining 80% of OneAsia is owned by Hong Kong-based data center and IT infrastructure platform Legan Group.
OneAsia – Backed by Legan Group and APG
OneAsia operates more than 10 data centers, representing over 28k cabinets and 186 megawatts of power capacity. Collectively, these data centers comprise over 1.7 million sqft (160k+ sqm), in Hong Kong and China, supporting over 500 customers.
Hong Kong – OneAsia Data Centers
OneAsia operates data centers at two locations in Hong Kong: Kowloon Bay and Chai Wan.
Kowloon Bay – Legan Centre
Firstly, the Kowloon Bay data center is located in Kowloon East Business District. Overall, the facility has 2.0k cabinets and 16 megawatts of power capacity across 151k sqft (14.0k sqm) of space.
Chai Wan – E-Trade Plaza
Secondly, the Chai Wan data center is located in the Island Eastern Corridor Expressway. Overall, the facility has 100+ cabinets of power capacity across 32k sqft (3.0k sqm) of space.
China – OneAsia Data Centers
OneAsia operates data centers at two locations in China: Shanghai and Jiangsu. Notably, Alibaba Cloud is a major tenant at OneAsia’s Jiangsu location.
Shanghai – Waigaoqiao
Firstly, the Shanghai data center is located in the Shanghai Waigaoqiao Free Trade Zone, which is in the northeast of Pudong District. Overall, the facility has 6.0k cabinets and 20 megawatts of power capacity across 280k sqft (26.0k sqm) of space.
Jiangsu – Nantong
Secondly, the Jiangsu data center is located in the northwestern part of Shanghai, situated in the Nantong International Data Center Zone. Overall, the facility has 20.0k cabinets and 150 megawatts of power capacity across 1.3 million sqft (120k sqm) of space.
Legan Group – Overview
Legan Group was founded in 1992 by entrepreneur Charles Lee, with its first business being Newtech Group. Subsequently, Legan Group has grown to include a number of companies focused on providing services in IT infrastructure, cloud solutions, and data centers.
Overall, OneAsia Group represents Legan Group’s largest holding and it will continue to grow through the support of APG. Additionally, the firm owns and operates Outerspace, ReachTec Group, Yoho eBiz Limited, Octagon Workshop, and Appcara Inc.
APG – Data Centers in Asia-Pacific Beyond OneAsia
OneAsia represents APG’s second investment in the data center sector, in the Asia-Pacific region and specifically China. Notably, APG entered the Asia-Pacific data center market in 2020 by purchasing a 10.4% stake in data center provider Chindata Group. Indeed, the Chindata transaction positioned APG as the second largest shareholder in the company.
