Princeton to build $1bn data centre in Japan
Princeton Digital Group (PDG) is splashing out $1 billion to build one of the largest hyperscale data centres in Tokyo, Japan, as the Singapore-based company enters the country for the first time.
The move marks the fifth APAC country that Princeton has invested in since its formation four years ago.
PDG plans to build a 600MW data centre footprint across the region, as part of its strategy announced last year.
The new Japanese campus at Saitama City will have close to 100MW of critical IT capacity across two phases of 48.5MW each, said the firm.
Saitama City is one of the major commercial centres of the Greater Tokyo area. Located 30km north of central Tokyo, the PDG Saitama campus has a total land area of 356,000 sq ft.
PDG has already secured the land and power with construction to begin later this year, it said.
This week it was reported that PDG was planning an unconfirmed IPO. The company is already present in China, Singapore, Indonesia and India. Tokyo is the largest data centre market in Asia outside of China.
“The Asia Pacific region is set to be the largest data centre market in the world and this announcement underscores our vision to be the leader in that market,” said Rangu Salgame, chairman and CEO of Princeton Digital Group.
According to Structure Research, Greater Tokyo’s hyperscale colocation market is expected to reach $1.6 billion by 2025, growing at a CAGR of 25.1% between 2021 and 2025.