Photo from CLI

CLI establishes China data centre development fund

The total equity committed to the development fund is $530m.

CapitaLand Investment Limited (CLI) has set up a data centre development fund in China.

“Total equity committed to CDCP is $530m, with existing and new global institutional investor clients holding an 80% effective stake in CDCP, and CLI holding the remaining 20%,” CLI stated.

According to CLI, the CapitaLand China Data Centre Partners (CDCP) will invest in two hyperscale data centre development projects in Greater Beijing.

CLI expects an additional $1b to its funds under management upon completion of the two projects in 2025.

The projects are also expected to deliver over 100 megawatts (MW) of power to Greater Beijing.

 

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!