TMCnet News
STACK Infrastructure expands APAC footprint with new 36MW campus in Inzai, JapanDENVER, SINGAPORE and TOKYO, Jan. 13, 2022 (GLOBE NEWSWIRE) -- STACK Infrastructure (“STACK” or the “Company”), the digital infrastructure partner to the world’s most innovative companies, today announced a partnership with funds managed by Oaktree Capital Management, L.P. (“Oaktree”), a leader among global investment managers specializing in alternative investments, to develop a 36MW data center campus in Inzai, Japan. The project will break ground in 2Q 2022 with capacity expected to be delivered in 4Q 2023. STACK’s new Inzai campus will include two buildings totaling 36MW of critical capacity and is ideally located in an area of Tokyo that has seen significant hyperscale data center growth. Each building will have 18MW and separate access points to accommodate multiple users with separation of security and services. The new development will provide scalability and redundancy by connecting to regional substations powered by Tokyo Electric Power Company. The campus, with options for potential campus expansion beyond the initial 36MW, will offer hyperscale and enterprise clients a facility that is designed to enable higher rack density and floor loading specifications, reflecting the evolving requirements in Inzai and the APAC region more broadly. This partnership pairs STACK’s global excellence in data center development and operations with Oaktree’s leading real estate platform and local resources which enables accelerated entry into the Japanese data center market. STACK brings expertise, talent, and capital to its partners to help them develop their strategic land parcels. STACK has assembled a world class in-country team, to lead the development and operations efforts in Japan. “STACK’s expansion into Japan exemplifies our focus on establishing a scalable presence in markets that are strategically important to our clients,” said Pithambar (Preet) Gona, STACK’s Chief Executive Officer - APAC. “The decision to enter Japan, a critical location for hyperscale customers, demonstrates STACK’s ability to leverage our partnership model, capital, expertise and ability to attract leading talent in the industry to the STACK platform.” “We are excited to partner with STACK to accelerate their international expansion in this critical region,” said Hideya Takahashi, Senior Vice President of Oaktree. “STACK’s industry-leading innovative technical solutions paired with Oaktree’s experience in providing ideal locations and infrastrucure in the region, will result in a 36MW campus that is looking to exceed the highest level of expectations from clients.” On the heels of a tremendous year of growth in 2021, STACK kicks off 2022 by adding another international campus to its growing global footprint. Recently STACK also announced the upcoming commissioning of a 24MW facility in Portland, and reported plans to enter Singapore, South Korea, Australia, and other Asia Pacific markets after Japan. STACK also offers several other opportunities in key regions throughout the United States and Canada, including:
ABOUT STACK INFRASTRUCTURE For more information about STACK, please visit: www.stackinfra.com. ABOUT OAKTREE Oaktree is a leader among global investment managers specializing in alternative investments, with $158 billion in assets under management as of September 30, 2021. The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in credit, private equity, real assets and listed equities. The firm has over 1,000 employees and offices in 19 cities worldwide. For additional information, please visit Oaktree’s website at http://www.oaktreecapital.com/. Media Contacts Oaktree A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c0d70b76-ef2e-4b38-8881-6157db4fa552 |