The Business Times
business-time-50
SUBSCRIBERS

CapitaLand Investment to seed future data centre fund with US$700m investment in Japan

It is making disciplined acquisitions without acting like ‘a kid in a toy store’, says CLI’s Manohar Khiatani

Summarise
google-preferred-sourceAdd BT as a preferred source
Yong Jun Yuan

Yong Jun Yuan

Published Tue, Feb 4, 2025 · 05:00 AM
    • The company has deep local expertise in acquiring land sites, getting approvals, as well as designing and developing buildings, says CapitaLand Investment senior executive director Manohar Khiatani.
    • The company has deep local expertise in acquiring land sites, getting approvals, as well as designing and developing buildings, says CapitaLand Investment senior executive director Manohar Khiatani. PHOTO: BT FILE

    ASSET manager CapitaLand Investment (CLI) will invest more than US$700 million in a freehold land parcel in Osaka, Japan, to develop a data centre with 50 megawatts (MW) of capacity.

    The company announced on Tuesday (Feb 4) that the investment will seed a future data centre fund.

    In an interview with The Business Times, CLI senior executive director Manohar Khiatani said that the company is bullish on data centre demand, and that the move is part of its strategy of leveraging different liquidity pools to grow its portfolio.

    Data centresCapitaLand Investment

    TRENDING NOW

    Longest-serving chief minister Taib Mahmud’s legacy looms large over Sarawak as a family feud over his estate threatens to expose skeleton’s in the eastern state’s political closet.

    On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart

    Thailand’s target is to export seven million tonnes of rice globally in 2026, but the Middle East war has turned the world topsy-turvy with supply disruptions, high oil prices and economic uncertainty.

    Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why

    Senior Minister of State for Digital Development and Information Tan Kiat How said the government is working with partners who have access to Anthropic's Mythos to understand its capabilities.

    MAS convenes bank CEOs over AI cyberthreats; boards told to own risks, not leave to IT teams

    Electric vehicles and the changed dynamics of mainstream and luxury car segments mean Certificates of Entitlement should not be used to classify cars.

    Is it time to scrap COE categories for cars? 

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More