Data Center Development Rises To Fuel Online Boom

The increased need for data centers can be attributed in part to the pandemic, which has fueled the rise of e-commerce, remote working and cloud computing, all of which transmit large amounts of data through a data center. But not all markets have a sufficient number of such facilities to meet growing demand.

“The current imbalance between supply and demand in data centers suggests that there are untapped opportunities for investors and operators to increase data center capacity, especially in underserved and underserved markets. data from the region, ”says Roddy Allan, research director, Asia-Pacific, JLL. “Data centers are entering the mainstream. “

Development is already underway. In the Philippines, data center company Digital Edge recently formed a US $ 100 million joint venture with a local real estate company to build a 10 megawatt data center in Manila to meet the growing server hosting needs of the technology sector.

During this time, Independent data center operator Mantra Data Centers has pledged US $ 1 billion to develop data centers in Mumbai, Chennai, Bangalore, Hyderabad and Kolkata, where digital adoption is accelerating. And earlier this year, real estate developer CapitaLand also made its first foray into data centers with its RMB 3.66 billion (US $ 560 million) acquisition of a hyperscale data center in Shanghai, China. .

“The sheer scale of China, India and Indonesia – three of the four most populous countries in the world – means they are likely to be at the forefront of growth history. regional, ”Allan said.

Previous CFPB Bites of the Month - Top 10 for December | Hudson Cook, LLP
Next Summit County real estate sales set to break new record, surpassing $ 2.5 billion in 2021