Colt Data Centre Services announced that Fidelity has entered into a joint venture agreement with Mitsui & Co, and Mitsui & Co Asset Management Holdings, to provide state-of-the-art hyper-scale data centres in Japan. The new joint venture will be owned fifty/fifty and will further strengthen the company’s presence in the Tokyo and Osaka regions of Japan.
The joint venture will allow the company to further accelerate its hyper scale strategy in Japan, where it has seen unprecedented success. The company pre-sold 94 per cent of its capacity before the launch of its Inzai Three facility in November and has recently been named Frost & Sullivan’s 2021 Japan Data Center Services Company of the Year, an award which examines criteria such as customer experience, operations excellence, technical capabilities, and innovation. The company currently has 50MW existing built in Japan, which will almost triple to 140MW following the joint venture.
“Japan remains a strategic country of focus for our regional expansion, where the demand for large-scale data centre capacity outstrips supply,” Niclas Sanfridsson, CEO of Colt Data Centre Services, said. “Whilst Colt DCS already has a solid reputation in the market for working with the world’s largest hyper scale cloud providers and multinational companies, the partnership with Mitsui and its strategic alliances will provide new opportunities for us to further penetrate the domestic enterprise sector and accelerate our land banking strategy.”
The joint venture will appoint the company as the exclusive service provider for the design, development, operations and customer service management for the venture. Mitsui & Co., Realty Management Ltd., a private real estate fund management subsidiary of Mitsui will serve as the asset manager for the joint venture, covering structuring, financing, land sourcing, development support and Japanese customer marketing by utilising Mitsui group’s deep industrial capabilities.
“Data centres play a critical role in the digital transformation of businesses across the globe, and the demand for high-quality and environmentally conscious hyper-scale data centres is huge,” Shinsuke Waka, general manager of the financial business division from Mitsui & Co, said. “Through the management of the Mitsui Fund and our joint venture, Mitsui will utilise its unique financial and industrial capabilities to respond jointly to these needs with its global prestigious partners.”