STACK Infrastructure (STACK) has announced a partnership, with funds managed by Oaktree Capital Management (Oaktree), to develop a 36-megawatt (MW) data centre campus in Inzai, Japan. The project will break ground in the second quarter of 2022, with capacity expected to be delivered in the fourth quarter of 2023.
STACK’s new Inzai campus will include two buildings, totalling 36MW of critical capacity and is ideally located in an area of Tokyo that has seen significant hyperscale data centre growth. Each building will have 18MW and separate access points to accommodate multiple users, with separation of security and services.
The new development will provide scalability and redundancy by connecting to regional substations powered by Tokyo Electric Power Company. The campus, with options for potential campus expansion beyond the initial 36MW, will offer hyperscale and enterprise clients a facility that is designed to enable higher rack density and floor loading specifications, reflecting the evolving requirements in Inzai and the Asia-Pacific (APAC) region more broadly.
The partnership hopes to pair STACK’s global reputation in data centre development and operations with Oaktree’s leading real estate platform and local resources, which enables accelerated entry into the Japanese data centre market. STACK also says that it hopes to bring expertise, talent, and capital to its partners to help them develop their strategic land parcels, and has assembled an experienced in-country team to lead the development and operations efforts in Japan.
“STACK’s expansion into Japan exemplifies our focus on establishing a scalable presence in markets that are strategically important to our clients,” said Pithambar Gona, STACK’s chief executive officer for the APAC region. “The decision to enter Japan, a critical location for hyperscale customers, demonstrates STACK’s ability to leverage our partnership model, capital, expertise and ability to attract leading talent in the industry to the STACK platform.”
Hideya Takahashi, senior vice president of Oaktree, said: “We are excited to partner with STACK to accelerate their international expansion in this critical region. STACK’s industry-leading innovative technical solutions, paired with Oaktree’s experience in providing ideal locations and infrastructure in the region, will result in a 36MW campus that is looking to exceed the highest level of expectations from clients.”
