CapitaLand plans $700M investment in Osaka data centre

CapitaLand Investment Limited (CLI) has announced plans to invest over $700 million to develop its first data center in Osaka, Japan, securing a freehold land parcel and 50 megawatts of power capacity for the project. This acquisition underscores CLI's growth strategy, having added 23 data centers to its portfolio since 2021, which now includes 27 facilities across Asia and Europe with a total power capacity of approximately 800 MW. The new data center will be designed with sustainability in mind, featuring advanced cooling technologies and energy-saving solutions, and aims to be AI-ready to meet increasing digital infrastructure demands. CLI anticipates strong growth in Japan's data center market, projected to expand significantly by 2028, and positions itself to capitalize on the presence of major cloud providers in Osaka. Senior executives emphasized that the company's robust financial standing enables it to strategically invest in quality assets to meet the surging demand for digital services. The move aligns with CLI’s focus on digitalization and enhancing its geographical footprint in key markets.