Sydney-headquartered builder-developer Lendlease announced its first data centre will be developed in Japan under Lendlease Data Centre Partners (LLDCP).
Located in Greater Tokyo, the facility will be sited on approximately 33,000 square metres of land and will have more than 60,000 square meters of gross floor area. Construction starts later this year with the initial phase set to be complete by early 2024. The company has put the gross development value of the project at more than $600 million.
The company said it will be one of the largest of its scale in the country and will meet the fast-rising demand for digital services amid the coronavirus pandemic. Demand for data centres has surged during the pandemic, with digitalisation emerging as a priority for many businesses.
LLDCP is funded 20 per cent by Lendlease and 80 per cent by a global institutional investor. The fund’s mandate covers Australia, China, Japan, Malaysia and Singapore, and includes both completed assets and new development opportunities. Under the partnership, The company will undertake development, construction, property and investment management.