Reported about 9 hours ago
Australia's Goodman Group has announced a $2.7 billion investment consortium with global pension funds and investors to develop data centre businesses in Hong Kong. Partnering with PGGM, APG, the Canada Pension Plan Investment Board, and CBRE, Goodman will hold a 20% stake in the venture, which includes four existing data centres and two under development. With approximately 30% of Hong Kong's data centre market by power capacity, Goodman aims to expand its industrial property portfolio into data centres as demand increases, especially from China.
Source: YAHOO