Batam: Gaw & Sinar Primera to construct new DC facility in Batam, Indonesia
Nov 03, 2023 | Posted by Abdul-Rahman Oladimeji
Real estate private equity firm Gaw Capital Partners and Indonesian developer Sinar Primera announced a partnership this week to build a data center in Batam, Indonesia. Gaw will be acting as the primary investor in this partnership with Sinar Primera as the development manager will take a minority shareholder stake in the property.
“We are thrilled to partner with Sinar Primera for this significant IDC project in Batam. Sinar Primera’s commitment to driving the new economy real estate industry forward aligns perfectly with our vision, and their extensive experience and industry knowledge complement Gaw Capital’s investment capabilities perfectly,” Kok Chye Ong, managing director and head of IDC platform, Asia (Ex-China) of Gaw Capital said.
“We are excited to join forces with Gaw Capital Partners for this data center project. The collaboration allows us to combine our development expertise and local proficiency in the Indonesian market with Gaw Capital’s global real estate experience, paving the way for a cutting-edge data center facility that will meet the increasing demand for advanced digital infrastructure in Batam and the surrounding region,” Hong Kah Jin, head of Sinar Primera Group added.