SINGAPORE (EDGEPROP) - Lendlease has launched its first data centre development in Japan, which it says will be “one of the largest of its scale” in the country. (See also: Lendlease appoints new Asia CEO and chief people officer)

Located in Greater Tokyo, the facility occupies some 33,000 sq m (355,209 sq ft) of land. The phased development is planned to deliver more than 60,000 sq m 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 (S$793.2 million) upon completion of all phases.

The development is under Lendlease Data Centre Partners (LLDCP), which is funded 20% by Lendlease and 80% by 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.

“The demand for data centres in the Asia Pacific is set to grow exponentially, with internet-related services usage soaring due to the pandemic,” says Andrew Gauci, managing director of Japan & head of telecoms and data infrastructure Asia, Lendlease.

“We are excited to launch our first data centre development under Lendlease Data Centre Partners. This project is of significant scale in a sector of growing importance in the digital economy, leveraging our more than 20 years’ experience in the local communications and data infrastructure space, as well as Lendlease’s broader presence in Japan for over 30 years,” he added.