CLI’s data centre AUM reaches US$4.5b

APAC colocation market is projected to double in size and become the world’s largest by 2026.

CapitaLand Investment (CLI) said its data centre portfolio comprises 27 facilities across the world with about US$4.5b in assets under management (AUM) and a combined power capacity exceeding 800 megawatts (MW).

In a press release about a recent research paper, Michelle Lee, CLI's Managing Director for Private Funds (Data Centre), said they supercharged their global portfolio with 22 data centres new data centres added over the past three years or since 2021.

Lee said the expanded portfolio makes the group well-pisitioned to tap into opportunities in the sector. 

CLI’s new research paper showed that despite the global pandemic in 2020, data centre transactions in Asia Pacific still jumped by nearly 2.4 times to US$22b from 2019 to 2023, compared to the preceding five years. 

Demand in the sector is not slowing down anytime soon with the APAC colocation market projected to double in size to US$52b by 2026, which will make it the world's largest colocation data centre market.

CLI identified Tokyo, Osaka, Seoul, Singapore and Sydney as key developed data centre markets in the region, while growth opportunities are seen in Beijing and Shanghai to cater to China’s huge population.

In February 2023, CLI set up its China data centre development fund with $530m in equity commitments and is estimated to add $1m in CLI's funds under management.

India has also emerged as a hotspot for data centre investments, with the country touted as having the second-largest population of mobile subscribers in the world.

“India's DC industry has seen increasing interest from institutional investors and has a long runway for further growth,” said Sanjeev Dasgupta, CLI's CEO for India.