Lendlease Data Centre Partners (LLDCP) has announced its first hyperscale data centre project in Japan, with an end development value of $600 million.
Located in Greater Tokyo, the site is approximately 33,000 sq m. The phased development is planned to deliver more than 60,000 sq m of gross floor area, half of which has already been pre-leased. Construction will commence in Q4 2021 with the initial phase due to be completed in early 2024.
LLDCP is funded 20% by Lendlease and 80% by a global institutional investor. The fund’s mandate covers Australia, China, Japan, Malaysia and Singapore; and includes both completed assets and new development opportunities. Under the partnership, Lendlease undertakes development, construction, property and investment management.