On Aug 16, Lendlease announced its first data centre development in Japan under Lendlease Data Centre Partners (LLDCP). The data centre development will be one of the largest of its scale in Japan, poised to fuel an increasingly important global digital economy.
See also: Lendlease, WWF-Singapore fill knowledge gap, not landfills, with mall waste report
Located in Greater Tokyo, the facility is sited on approximately 33,000 sqm of land. The phased development is planned to deliver more than 60,000 sqm of gross floor area, in which close to half of the site has been pre-leased. Construction will commence later this year with the initial phase to be completed by early 2024. The gross development value of the project is in excess of A$800 million (US$600 million) upon completion of all phases.
LLDCP is funded 20% by Lendlease and 80% a global institutional investor. The fund’s mandate covers Australia, China, Japan, Malaysia and Singapore, and includes both completed assets and new development opportunities. Under the partnership, Lendlease undertakes development, construction, property and investment management.
