26th October 2023, Kathmandu
Infinaxis Data Centre Platform, a joint venture formed by a fund managed by Gaw Capital Partners and its partners, celebrated the groundbreaking on 25 October as it officially marked the commencement of its first data center project Infinaxis Data Centre in the tech hub of Cyberjaya.
Infinaxis Data Centre Platform was formed in February 2023, to invest in greenfield assets across key markets in the Southeast Asia region, with the aim to create a portfolio of Tier-3 certified data center assets.
Located in Cyberjaya, one of the largest IDC hubs in Malaysia, the seed investment consists of two greenfield sites with a combined plot area of 12,490 square meters. The business plan is to develop a 12 MW IT Load IDC facility with a GFA of 17,427 sqm on one of the plots. The construction is expected to be completed in Q2 2025. The IT capacity potentially will be doubled in the future, with the second plot to be developed as an expansion site. More than 80% of Phase 1 has been committed via signed leases and customer letters of intent prior to construction commencement, with the remaining space to be leased to wholesale colocation customers.
Kenneth Gaw Said:
Kenneth Gaw, President and Managing Principal of Gaw Capital Partners commented, “We are thrilled to witness this remarkable moment of the groundbreaking of the inaugural infinaxis data center with our esteemed guests, partners, and teams. It is a significant step for the Platform and a testament to our commitment to Malaysia’s growing digital economy. We believe in Malaysia’s growing economy and its potential and look forward to participating in fostering digital transformation in Malaysia and Southeast Asia.”
Asia represents one of the geographic frontiers in the data centre space with greater opportunities. The Gaw Capital data centre platform will also comprise data centres located in China, Indonesia, Japan, South Korea, Vietnam, and Malaysia.
About Gaw Capital Partners
Gaw Capital Partners is a uniquely positioned private equity fund management company focusing on real estate markets in Asia Pacific and other high barrier-to-entry markets globally.
Specializing in adding strategic value to under-utilized real estate through redesign and repositioning, Gaw Capital runs an integrated business model with its own in-house asset management operating platforms in commercial, hospitality, property development, logistics, IDC, and Education. The firm’s investments span the entire spectrum of real estate sectors, including residential development, offices, retail malls, serviced apartments, hotels, logistics warehouses, and IDC projects.
Gaw Capital has raised seven commingled funds targeting the APAC region since 2005. The firm also manages value-add/opportunistic funds in the US, a Pan-Asia hospitality fund, a European hospitality fund, and a Growth Equity Fund and it also provides services for credit investments and separate account direct investments globally.
Gaw Capital has raised equity of US$22.1 billion since 2005 and commanded assets of US$35.2 billion under management as of Q2 2023.
