Actis, GS Group to build $315m data centre in Seoul, South Korea

WCN Editorial Team 24 Sep 2020 ASIA BUILDINGS

Actis and GS Group are set to build and operate a 21MW internet data centre (IDC) in Greater Seoul, South Korea that will entail an investment of $315m.

Actis and GS Group’s construction subsidiary GS E&C have agreed to form a joint venture for the project development. Actis will own a 75% stake in the new joint venture.

To be located within the Pyeongchon Cluster, the eight-storey building is GS E&C’s 10th data centre project.

The facility will be built to Tier 3 standards, featuring 1,600 high-density racks for CSP clients, and a further 400 low-density racks for co-location customers.

The new IDC is claimed to have the capability to host top-tier cloud service providers (CSPs) allowing them to address the demand in Seoul.

Actis Asia real estate head Brian Chinappi said: “Seoul has an insatiable appetite for data but is struggling to meet demand with fewer than five largescale non-owner occupied data centres currently available in the market.

“This investment, where land and grid power have been secured, in an area popular with CSPs, will directly help to address that challenge.

“We are pleased to be working with GS E&C, an experienced local contractor that has built 185MW of existing IDC capacity. Together this project will deliver another critical piece of digital infrastructure for Korea.”

According to Actis, the investment follows its build-to-core strategy in the country, expanding its reach in the fast-growing digital infrastructure segment.

The company had created a Chinese data centre platform, Chayora Holdings, to develop hyper-scale data centre facilities to serve the Chinese markets.

Earlier this year, the company established a $250m Pan-African data centre platform, with an investment in Rack Centre in Lagos, Nigeria.

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Actis’ Chayora data centre. (Credit: Actis LLP.)

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