JLL advises on landmark Japan data centre transaction
JLL announces that it has advised on a landmark data centre asset transaction in Osaka, Japan.
TOKYO, 8 April 2021 – JLL today announced that it has advised on a landmark data centre asset transaction in Osaka, Japan. ESR Cayman Limited (“ESR”), the largest Asia Pacific focused logistics real estate platform, has acquired a key data centre and excess land, creating a total development potential of up to 78MW IT load.
Under the terms of the transaction, ESR will utilise the land to build two additional buildings, with a combined IT load of 39MW as power will be available within 12 months. The existing data centre, as part of the transaction, is expected to be redeveloped in the future into an additional 39MW IT load upon expiry of the current lease, which would strengthen its appeal for both hyperscalers and colocation operators.
"Japan is a rapidly developing data center industry, characterized by local and foreign operators, as well as pure play operator and system integrators, and presents a sizable addressable market. This landmark transaction reinforces the attractiveness of the Osaka market and we congratulate both the vender and ESR on completing this unique deal,” says Bob Tan, Senior Director, Alternatives, Capital Markets, Asia Pacific, JLL.
The data centre campus is centrally located within 10 km of the Osaka CBD. The area is home to Japan’s major internet exchange and other network exchanges, which will continue to attract a variety of service providers and end-users. It would also serve as an ideal base to service the local domestic demand.
Read more about Asia Pacific data centres here.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion, operations in over 80 countries and a global workforce of more than 91,000 as of December 31, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.