Goodman Group, a global player in industrial property and digital infrastructure, is significantly expanding its data center operations in Asia.
The group has announced agreements to provide up to 1,000 MW of power in Japan and has started construction on a new 50 MW data center in Tsuen Wan, Hong Kong SAR.
Additionally, Goodman has opened a new regional office in Singapore to further support its data center strategy across Asia.
Since developing its first data center in Hong Kong in 2006, Goodman has successfully delivered 0.6 GW of data centers and powered sites globally.
Its current portfolio boasts 3.7 GW of global power, including completed facilities and potential projects in 12 major international cities.
Paul McGarry, Goodman’s Head of Asia, highlighted the company’s strategic land and power acquisitions in Japan and Hong Kong, boasting a significant 1.8 GW power bank in Asia.
“Our strong balance sheet and planning, architectural, and engineering capabilities position us well to meet the increasing demand for high-tier data centers in major Asian cities,” he said.
In Japan, Goodman is establishing a new data center campus in Tsukuba City, Greater Tokyo, with a planned capacity of 1,000 MW. The site preparation has begun, with the first facility expected to be completed by 2026.
The company has acquired 45 hectares of land and is coordinating with local authorities to maximize the site’s potential.
This project builds on Goodman’s existing data center ventures in the region, including the Goodman Business Park in Inzai, Chiba, where over 300 MW of data center projects have been realized.
In Hong Kong, the demand for data centers has surged, with hyperscalers committing to US$2 billion in take-up agreements in just six months.
Responding to this demand, Goodman has started transforming its Goodman Texaco Centre, an industrial property in Tsuen Wan, into a 50 MW data center.
This project, coupled with the development of the Tsuen Wan West campus, will bring Goodman’s data center management in Hong Kong to a total of 392 MW.
McGarry also noted the transformation of an industrial property acquired in 2014 into the Tsuen Wan West data center campus, exemplifying Goodman’s strategy of enhancing portfolio value through data center development.
To drive its data center growth, Goodman has appointed Hugh Baggie as Managing Director of Data Centers for Asia, based in the new Singapore office. Baggie, with over 18 years in real estate and finance, previously managed Goodman’s US$9 billion Hong Kong portfolio.
McGarry concluded, “Asia remains a key focus for Goodman in the data center sector. Our capital, land, and secured power, combined with our engineering and delivery capability, position us to continue delivering large-scale, high-value data centers.”
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