STACK INFRASTRUCTURE: ESR Cayman & Stack Form JV To Develop a 48MW Facility in Seoul, South Korea

Sep 14, 2022 | Posted by Abdul-Rahman Oladimeji

ESR Cayman and Stack Infrastructure have partnered to develop a new data center in Seoul, South Korea. Both companies announced the joint venture to develop a 48MW data center in Incheon. The companies plan to break ground on the data center in Q1 2023. The facility is also scheduled to be completed in Q4 2024. In addition, the data center will be operated under the Stack Infrastructure brand name. The companies have also secured power for the data center from KEPCO.

The CEO of Stack, Pithambar Gona, said, “Stack’s opening of a fifth APAC market in 12 months, expanding on our recent developments in Melbourne, Canberra, Perth, and Tokyo, enhances our focus on our customers’ strategic requirements by establishing a scalable presence in existing and emerging Tier 1 data center markets.” He continued by saying: “We are excited about our partnership with ESR, which illustrates our ability to work with market leading real asset managers, leveraging our combined expertise to the benefit of our customers.”

The CEO of ESR Data Centres, Diarmid Massey, also noted that: “ESR’s strong regional capability and experience in Tier 1 data center markets ensures we are well-positioned to help develop facilities across critical hyperscale locations. Partnering with Stack enables us to leverage an outstanding global operating platform and innovative capital solutions to target hyperscale customer growth in key markets.”

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