Sydney-based developer Lendlease has announced it is to build its first data centre development in Japan.
Located in Greater Tokyo, the facility is sited on approximately 33,000 sq. m. of land and encompasses more than 60,000 sq. m. of gross floor area – of which nearly half has been pre-leased.
Construction is due to begin later this year, with the initial phase set to be complete by early 2024.
Demand for data centres in Japan, and the world over, has surged during the pandemic, with digitalisation emerging as a priority for businesses.
Commenting on the development, Lendlease said: “Japan is well-placed as a key connectivity and distribution hub for global hyperscale cloud providers, which, in turn, is driving high demand from data centre service providers.”
LLDCP is funded 20% by Lendlease and 80% by a global institutional investor.
The fund’s mandate covers Australia, China, Japan, Malaysia, and Singapore, and includes both completed assets and new development opportunities.
Under the partnership, Lendlease undertakes development, construction, property, and investment management.
Image: Amber Case/Flickr
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