Singapore-based Digital Edge acquires two data centers in Japan | Singapore Business Review
, Singapore
8 views

Singapore-based Digital Edge acquires two data centers in Japan

The company now has six data centers in its portfolio.

Singapore-based data center platform Digital Edge has announced its acquisition of two data centers in Tokyo, Japan.

The company has signed agreements to acquire ComSpace I and ComSpace II, two fully-operational data centers located in downtown Nihonbashi and Shinjuku respectively, from Japan’s ARTERIA Networks Corporation (ARTERIA).

Representing Digital Edge’s third project in Japan and fourth in North Asia since its inception in 2020, the acquisition will boost the Company’s regional footprint to a total of six data centers in four key metros. This footprint includes three data centers in Tokyo, one in Seoul, one in Busan, and the development of a 12MW facility in Osaka that is scheduled to open in Q1 2022. Upon the completion of all transactions in Japan and the opening of the Osaka facility, Digital Edge will have invested in excess of $265.61m (US$200m) to offer customers more than 5,300 cabinets of data center capacity.

“Our goal is simple: to build an exceptional data center platform that enables customers to easily, efficiently and economically deploy their infrastructure to capture the business opportunities that Asia offers. We are thrilled to have achieved so much, in so short a time and in such strategic markets as Japan and Korea. I look forward to a long and successful partnership with ARTERIA, and to continuing to identify other opportunities to expand in line with market demands and better support our customers in their digital transformation journey,” said Samuel Lee, Chief Executive Officer of Digital Edge.

The transactions are expected to close in two phases. The first is already completed and the second phase closing expected in the second quarter of 2021, subject to customary closing conditions.
 

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Get Singapore Business Review in your inbox
There were about 2,600 newly launched units in January 2021. 
The company again deferred the listing due to uncertain market conditions.
Initial estimates showed its operational profit grew 15.5% in the first quarter.
This will allow more businesses to have an alternative avenue to fund meritorious claims.
The government agency is assessing whether the joint venture infringes on competition laws.
HongkongLand saw the sharpest decline during Monday's trading, with a 2.98% drop.
Clients can buy and sell securities in 10 markets worth up to US$10m daily.
The new partner VCs are bringing in $30m of potential funding in the programme.
He will lead the bank’s use of technology, data, and design to develop financial solutions.
Group activities for five persons will now be allowed.
Pubs, bars and nightclubs may only resume F&B operations.
The properties are located in France and Vietnam.
This reflects a 318% decrease from its $438m profit in 2021/20.
City Developments Ltd saw the sharpest decline during Friday's trading, with a 1.61% drop.