Vantage Data Centers, a hyperscale data center operator backed by lead investor DigitalBridge, today announced that it has entered into five markets in the Asia-Pacific region through two acquisitions: i) Agile Data Centers (AgileDC), which is controlled by its own private equity fund, Digital Colony Partners II, and ii) PCCW Ltd’s data center business, a $750m deal announced in July 2021, which is pending completion. Specifically, Vantage Data Centers is gaining 268 megawatts of potential critical IT load in five markets including Tokyo, Japan; Osaka, Japan; Melbourne, Australia; Hong Kong, SAR; and Kuala Lumpur, Malaysia.
Overall, Vantage Data Centers has raised $1.5bn in incremental equity capital from DigitalBridge Investment Management and third-party co-investors to fund these data center acquisitions and future development capital expenditures required in these markets.
Finally, the PCCW Ltd data center transaction is expected to close during Q4 2021. Whereas the Agile Data Centers (AgileDC) business already notes that it “is now part of Vantage Data Centers”.
Vantage Data Centers – Asia-Pacific Portfolio
Vantage Data Centers’ acquisitions of Agile Data Centers (AgileDC) and PCCW’s data center business include a mix of both operating facilities and greenfield data center development projects. Together, Vantage Data Centers will have 268 megawatts of existing and expansion critical IT load across Asia-Pacific.
Firstly, Agile Data Centers (AgileDC) is developing greenfield hyperscale campuses totaling 168 megawatts of critical IT load in Tokyo, Osaka, and Melbourne.
Secondly, PCCW’s data centers comprise existing facilities with ~75 megawatts of critical IT load, across 1.2 million sqft of gross floor area. Additionally, PCCW’s data centers have ~25 megawatts of further critical IT load development potential, such as a new facility in Tsuen Wan West, Hong Kong.
Vantage’s Tokyo (HND1) facility is located in the city of Sagamihara, in Kanagawa Prefecture, Japan, positioning it 33 miles (53 kilometers) from Tokyo International Airport. HND1 sits on a 7-acre campus and will comprise three multi-story data centers, once fully built-out.
Upon completion, the campus will offer 80 megawatts of critical IT load across 300k sqft (28k sqm) of space. Notably, Vantage is scheduling the first phase of HND1 for completion in Q2 2024, comprising 8 megawatts of IT load.
Vantage’s Osaka (KIX1) facility is located in the city of Ibaraki, in Osaka Prefecture, Japan positioning it 47 miles (76 kilometers) from Kansai International Airport. KIX1 sits on a 12-acre campus and will comprise two four-story data centers, once fully built-out.
Upon completion, the campus will offer 40 megawatts of critical IT load across 485k sqft (45k sqm) of space. Furthermore, Vantage is scheduling the first phase of KIX1 for completion in Q2 2024, comprising 5 megawatts of IT load.
Vantage’s Melbourne (MEL1) facility is located in Tullamarine, a suburb of Melbourne, positioning it 3.7 miles (6 kilometers) from Melbourne Airport. MEL1 sits on a 7-acre campus and will comprise three multi-story data centers, once fully built-out.
Upon completion, the campus will offer 48 megawatts of critical IT load across 270k sqft (25k sqm) of space. Finally, Vantage is scheduling the first phase of MEL1 for completion in early 2023, comprising 8 megawatts of IT load.
In Hong Kong, Vantage is acquiring 65+ megawatts of power capacity, across 1.2 million sqft of gross floor area. Initially, the company will operate 7 data centers in Hong Kong. Specifically, these facilities are in the areas of Kwai Chung, Fanling, Fo Tan, Tseung Kwan O, and Cyberport (business park).
For further detail on these locations see below and check-out our prior coverage of DigitalBridge’s acquisition of PCCW’s data centers.
Kuala Lumpur, Malaysia
In Malaysia, Vantage Data Centers is acquiring PCCW’s Cyberjaya (CJ1) facility. Specifically, CJ1 comprises ~6.0 megawatts of power capacity, across 40k sqft of gross floor area.
Vantage Data Centers – Strategy
Following Vantage Data Centers’ expansions in the United States, Canada, and Europe, the company is now entering the Asia-Pacific region. To lead its business in Asia-Pacific, the company will appoint the following management team:
- Giles Proctor: formerly president and co-founder of Agile Data Centers (AgileDC), will now serve as President of Vantage’s Asia-Pacific business
- Brian Groen: presently Senior Vice President of data centers at PCCW DC. He will join Vantage as Senior Vice President, Asia-Pacific, upon closing of the PCCW transaction
Vantage Data Centers’ expansion into Asia-Pacific is predicated on the company’s desire to better serve its existing hyperscale, cloud service provider, and large enterprise customers on a global basis.