GLP secures $480m in funding for data centre

The seed asset is constructed to tier III+ (T3+) standards.

GLP closed its first digital infrastructure-focused strategy (GLP China IDC Income Fund I) at $480m (RMB2.6b) for a high-performance data centre developed by GLP.

Located in the Greater Beijing region, the seed asset is constructed to tier III+ (T3+) standards, with a strong emphasis on environmental sustainability and energy efficiency.

GLP now controls assets that will deliver 1.4 gigawatts of secured information technology capacity in total, including 20 data centres across the Mainland.

The rise in adoption of artificial intelligence, cloud services, 5G communications, and Internet of Things continues to drive demand for domestic data centre capacity, with the data centre market in China forecasted to increase by $368 (USD274b) at a CAGR of over 38% from 2025 to 2029.

This is supported by government-led policies aimed at driving AI-enabled innovation and growth across a range of industries.

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