Singapore-based institutional real estate investment management firm SC Capital Partners Group (SCCP) has started construction on a new 100-megawatt (MW) data centre in Osaka, Japan.
SCCP says the first phase will have a total investment of approximately US$600 million and had secured the necessary building permits in advance of the groundbreaking ceremony held on Dec 3.
The facility, located on Nanko Island in Osaka, is scheduled to commence operations in early 2028, according to a Dec 5 announcement.
The project is supported by a consortium comprising an existing data centre investment programme that SCCP has with a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA), an unnamed major Japanese real estate developer and SCCP’s RECAP series of opportunistic real estate funds. All capital required for the development has been fully secured.
SC Zeus Data Centers, a vertically integrated data centre platform subsidiary established by SCCP, will serve as the development manager and operating partner for the facility.
Suchad Chiaranussati, chairman and founder of SCCP, says Japan “continues to stand out as one of the most resilient and rapidly growing digital economies globally”, underpinned by “strong tenant demand, stable energy infrastructure and government initiatives”.
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SCCP is currently advancing additional data centre developments and acquisitions in Japan, South Korea and other key Asia Pacific markets.
Founded in 2004, SCCP oversees approximately US$9 billion in assets under management (AUM) as at June 30, with Japan as its largest market, accounting for around 75% of total AUM.
SCCP has deep expertise in hospitality, which represents its largest sectoral exposure, and a growing portfolio in data centres, logistics/industrial and living.
The firm is the majority owner of Japan Hotel REIT Advisors, a specialist in local hotel asset management and operations. The firm also invests across the risk-return spectrum through its opportunistic Real Estate Capital Asia Partners (RECAP) series, its core-plus strategy and bespoke investment solutions.
