SINGAPORE / JAKARTA, INDONESIA – Media OutReach – November 2, 2023 – Real estate private equity firm Gaw Capital Partners announced today that the company has entered into a strategic partnership with
Sinar firstone of Indonesia’s leading developers of new economy real estate, for the development of a data center in Batam, Indonesia.
Kenneth Gaw, president and CEO of Gaw Capital Partners (left); Trisno Kemat, member of the board of directors of Sinar Primera Group (right)
The alliance between Gaw Capital and Sinar Primera highlights a shared vision to capitalize on emerging opportunities in the digital infrastructure sector. With Gaw Capital as lead investor, Sinar Primera will acquire a minority stake in the property and assume the role of project development director.
Phase 1 of the data center campus located in Nongsa Digital Park is expected to be operational by Q4 2024. This new facility will be a single-story building providing up to 6 MW of critical IT load. By combining Gaw Capital’s investment acumen with Sinar Primera’s real estate development expertise, the project aims to provide a state-of-the-art data center that meets the stringent requirements of businesses seeking storage and reliable, scalable and secure data processing.
The Nongsa Digital Park data center campus will enable the near-shoring strategy for Singapore-based data center operators and strengthen the “digital bridge” that connects Singapore and Indonesia. In recent communications shared by Nongsa Digital Park, the General Secretariat of the National Council for Special Economic Zones of the Indonesian Government reaffirmed the security status of data center properties and comprehensive data security, giving customers and operators data centers the assurance they need for data protection.
Kok Chye Ong, Managing Director and Head of IDC Platform, Asia (excluding China) at Gaw Capital said: “We are delighted to partner with Sinar Primera for this important IDC project in Batam. Sinar Primera’s commitment to advancing the new economy real estate sector aligns perfectly with our vision, and its extensive experience and industry knowledge perfectly complements Gaw Capital’s investment capabilities. . In recent years, the Asia region has been an important frontier in the data center industry, providing vast opportunities for growth and development. Gaw Capital’s data center platform, in line with this trend, has encompassed a strategic network of data centers located in key Asian markets, including China, Indonesia, Japan, South Korea. South, Vietnam and, recently, Malaysia. »
Hong Kah Jin, director of Sinar Primera
Band said: “We are delighted to join forces with Gaw Capital Partners for this data center project. The collaboration allows us to combine our development expertise and local skills in the Indonesian market with Gaw Capital’s global real estate experience, paving the way for a cutting-edge market. a state-of-the-art data center facility that will meet the growing demand for advanced digital infrastructure in Batam and the surrounding region. Indonesian demand for digital and cloud services is growing exponentially and this is an exciting opportunity to invest in the data center sector.
Over the past few years, Gaw Capital has strategically prioritized investments in the data center sector, recognizing its importance as a fundamental pillar of the rapidly expanding digital economy. The company’s commitment to this sector is evident through the successful launch of two data center platforms in China and two in Asia. Notably, in September 2020, Gaw Capital closed a fundraising round for its first IDC platform, securing approximately $1.3 billion in equity. The capital injection facilitated partnerships with leading IDC developers and operators in China, enabling the establishment of a portfolio of projects whose overarching objective is to build environmentally sustainable, highly efficient data center clusters , innovative and recyclable.
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The issuer is solely responsible for the content of this announcement.
