Jun 15, 2022 | Posted by MadalineDunn
Princeton Digital Group (PDG) has announced that Lendlease has commenced work on its 100MW data center campus. The two held a groundbreaking ceremony in Saitama City, north of Tokyo, to mark the occasion.
According to reports, the data center is pegged to be one of the largest in Japan and will serve hyperscale requirements of "some of the world's largest cloud, commerce and content companies." Moreover, the gross development value of the project post completion of all phases is set to be in excess of A$800 million for Lendlease. PDG is also investing US$1 billion of capital in the 100MW data center.
Speaking about the development, Andrew Gauci, Managing Director of Japan & Head of Telecoms and Data Infrastructure Asia, commented: "We are excited to commence construction of our first data center project under Lendlease Data Centre Partners, for a Pan-Asia market leader like PDG. This contributes to the Japanese government's plans to increase data capability in the country and improve digital resilience. Data centers is also a key sector for Lendlease and we look forward to accelerating our growth in the data infrastructure sector across our strategic markets."
Meanwhile, Rangu Salgame, Chairman and CEO of Princeton Digital Group, said: "Today marks an important milestone in PDG's plans in Japan, which is an important and strategic market for our customers. The on-time commencement of construction is a validation of our approach of adopting the right model for each market such as working with leading developers like Lendlease for this project. Our continued track record of delivering on our commitments is a key factor in why PDG is a partner of choice for hyperscalers across the region."
