AXA Investment Managers – Real Assets (AXA IM – Real Assets) has acquired a data centre in Tokyo for a c. ¥22 billion (c. €180 million).
At 20,000 sqm and able to house 2,560 data racks, the facility is one of Tokyo’s largest data centres. The asset has been built to the highest specifications, with the building and its internal infrastructure designed to incorporate state of the art security features, as well as a range of ESG measures that lower energy consumption by 10%.
The data centre is located in Koto Ward, South Tokyo, just 7km from the city’s main financial district, Marunouchi and Otemachi, and is just a 10-minute walk from the nearest metro station offering direct routes into Tokyo’s city centre.
“This acquisition offered the rare opportunity to purchase a large scale and high quality, strategically located data centre in a market suffering from a chronic lack of supply, with just two other centres offering over 10,000 sqm of space in the district. The investment aligns well with our global strategy to invest in institutional quality long-term assets with income underpinned by structural changes to society, such as those within the digital infrastructure sector, where demand for data storage in particular has been further exacerbated by the widespread adoption of remote working and expanding e-commerce penetration as a result of the global pandemic,” said Laurent Jacquemin, Head of Asia-Pacific at AXA IM – Real Assets.
“We have made strong progress in growing our data centres, logistics and residential for rent platforms, in supply constrained markets with strong demand fundamentals across both Asia Pacific and our other geographies. We believe that these sectors are well positioned to experience rental growth and increase in capital values in the long term, allowing us to generate stable income on behalf of our clients,” he added.