Fidelity Investments and Mitsui, a Japanese conglomerate, have formed a joint venture to build hyperscale data centers in Japan. The two companies will have an equal share in the joint venture. However, Colt Data Centre Services, a subsidiary of Fidelity Investments, will manage the data centers. Colt Data Centre Services has experience running data centers in Japan as it has 50MW of existing capacity in the Country.
The joint venture will see the capacity jump to 140MW following the joint venture. Fidelity and Mitsui are looking to build facilities in Tokyo and Osaka with a combined capacity of 90MW. CEO of Colt DCS, Niclas Sanfridsson, said Japan is a strategic location for expansion as the demand for large-scale data center capacity exceeds the supply. He further added that the partnership with Mitsui would help provide new opportunities that the Company will use to penetrate the domestic enterprise sector.
The joint venture agreement will see Colt DCS provide design, development, and operations for the new joint venture. On the other hand, Mitsui’s subsidiary, Mitsui & Co Realty Management Ltd., will serve as the asset manager that will provide financing, structuring, land sourcing, and development support.
