Jul 18, 2024 | Posted by Abdul-Rahman Oladimeji
A-Flow Properties I Corp. (A-Flow), a joint venture between Ayala Land, Inc. and PAG’s Flow Digital Infrastructure has secured P2.4 billion ($41.1m) loan agreement to fund the development of a data center outside Manila, the Philippines. This loan is to be used for the initial phase of the first A-FLOW data center campus located in Biñan, Laguna, currently under construction.
“This agreement marks a significant step forward in our shared commitment to develop the largest carrier-neutral data center campus in the Philippines. We are excited to build an ecosystem to attract a combination of international hyperscale customers and local enterprise customers," said A-Flow president, Amandine Wang.
Landbank president and CEO Ma. Lynette V. Ortiz said: “Beyond our work with various government agencies, we recognize that partnering with key players like A-Flow is essential for advancing national development. In this era of rapid digitalization, we are likewise ready to drive investments into the local data center market, alongside other sectors contributing to our nation’s technological progress. This is the first data center project financed by Landbank, and with this new partnership, we are confident that this project will yield significant economic benefits.”
