The Canada Pension Plan Investment Board committed an initial $285 million to the project. It’s working on the venture with Pacific Asset Management, an alternative investment management firm specializing in real estate in the Asia-Pacific region. (The Logic)
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The Canada Pension Plan Investment Board committed an initial $285 million to the project. It’s working on the venture with Pacific Asset Management, an alternative investment management firm specializing in real estate in the Asia-Pacific region. (The Logic)
Talking point: This is the second joint venture between CPP Investments and Pacific to build data centres in Korea, after a 2022 deal to develop the Jukjeon data centre near Seoul. The latest venture is bigger in scope, with plans to build multiple centres in the region available to a range of companies with vast data-processing and storage needs. The pension fund manager is investing heavily in data centres globally, with AI adoption driving up demand for computing power and infrastructure. CPP Investments announced a US$15-billion joint venture last month with U.S. firm Equinix to build centres stateside, following a deal announced in September to buy a 12 per cent stake in Australian data-centre firm AirTrunk.
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