STACK Infrastructure and ESR Partner on Seoul Data Center
Posted on 09/08/2022
Denver-based STACK Infrastructure and ESR Group Limited announced a joint venture to develop a 48 MW data center site in Incheon, Korea. STACK and ESR will jointly develop and deliver a 48MW facility in Incheon in Seoul’s western suburbs. Power to the facility has been secured from Korea Electric Power Corporation (KEPCO) and construction of the single building will commence in Q1 2023 for delivery of ready for service capacity in Q4 2024. The facility will be operated under the STACK brand. The development is located with access to power and network, offering scalability and reliability for higher rack densities and floor loading specifications.
This milestone follows the recent announcements of STACK’s entrance to the APAC market with the opening of its Singapore regional headquarters, its first 36MW campus in Inzai, Japan and expansion into the Australia market with 124MW in Melbourne, Canberra, and Perth. On June 8, 2022, STACK Infrastructure and Australian commercial real estate developer Hickory agreed to build a 72MW campus in the high growth hyperscale corridor of Truganina in Melbourne’s western suburbs. The facility is expected to be delivered early in 2023.
The strategic nature of ESR’s partnership with STACK and ESR’s previously announced data center land acquisitions in Japan and Hong Kong, as well as the recent first closing of ESR DC Fund 1, a maiden fund with over $1 billion of equity commitments.
