Goodman Group has raised $455 million for its Hong Kong Data Centre Partnership (GHKDCP). The funds will mainly finance the mechanical and electrical fit-out of Goodman HKG10 in Tsuen Wan, which Goodman will operate. The data center will be built inside an existing Goodman warehouse, with initial capacity expected to be ready by early 2028. Goodman said the funding supports the strategy behind its $2.7 billion partnership, launched just over a year ago.
“The continued support of existing investors, alongside contributions from new investors, reflects confidence in the quality of the portfolio, the depth of customer demand and the opportunity for well-located data center capacity in Hong Kong. It positions the partnership to continue delivering the scale, reliability and quality our customers require.”
GHKDCP was launched in July 2025, with Goodman as the anchor investor holding a 20 percent stake. The remaining funding came from institutional and sovereign wealth investors, including PGGM, APG, Canada Pension Plan Investment Board, CBRE Investment Management, and an unnamed Middle Eastern investor.
McGarry said: “Goodman HKG10 is a long-term investment in Hong Kong’s digital future. By revitalizing an existing building, we are reducing the project’s environmental impact and making responsible use of Hong Kong’s limited land. Retaining the building’s existing structure avoids emissions associated with demolition and reduces the need for new carbon-intensive structural materials such as concrete and steel, while adding critical infrastructure that underpins Hong Kong’s position as a leading technology hub in Asia.”
