Goodman Unveils USD 27 Billion Hong Kong Data Centre Venture

Goodman Group is pleased to announce the launch of the Goodman Hong Kong Data Centre Partnership (GHKDC), a USD 2.7 billion target dedicated investment vehicle for Hong Kong's data centre opportunity. The new GHKDC has an initial portfolio of six assets, four of which are fully stabilized data centres and two under construction. Upon completion, the portfolio will provide more than 2.3 million square feet of gross lettable area and 325 MVA of primary power utility, equivalent to in excess of 180MW of IT load.

Paul McGarry, Head of Asia of Goodman said, "Demand for Hong Kong and Tokyo data centres remains strong with few supply options available. The power of the Goodman platform is made possible by our land in prime locations, secured supply of power, seasoned team, and access to capital. Together, these combine to enable us to continue delivering at the scale and quality our customers require."

Key Highlights-

• Goodman launches USD 2.7 billion Hong Kong data centre investment platform
• GHKDC starts with six prime data centre assets delivering 180MW IT load
• Strong backing from leading institutional and sovereign wealth investors

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GHKDC is organized as a private institutional real estate investment platform, with Goodman holding a 20 percent cornerstone interest. Other investors are top-tier institutional and sovereign wealth partners like PGGM, APG, Canada Pension Plan Investment Board (CPP Investments), CBRE Investment Management's Indirect Private Real Estate Strategies (CBRE IM Indirect), and a Middle Eastern investor.

This launch complements Goodman's earlier creation of the Goodman Japan Data Centre Venture in 2023, which is set to achieve USD 1.1 billion in assets by the end of the year. McGarry further stated, "With a future development power bank of over 1GW across these key cities, we are confident in our capacity to provide the contemporary, high-performance infrastructure needed to drive Asia's digital economy."