Infinaxis Data Centre Platform, a joint venture formed by a fund managed by Gaw Capital Partners and its partners, celebrated the groundbreaking on Wednesday as it officially marked the commencement of its first data center project ——Infinaxis Data Centre in the tech hub of Cyberjaya, Malaysia.
Located in Cyberjaya, one of the largest internet data center (IDC) hubs in Malaysia, the seed investment consists of two greenfield sites with a combined plot area of 12,490 square meters, Gaw Capital Partners said in a statement.
The construction is expected to complete in the second quarter of 2025.
The information technology (IT) capacity potentially will be doubled in the future, with the second plot to be developed as an expansion site.
It is noted that more than 80 percent of phase 1 has been committed via signed leases and customer letters of intent prior to construction commencement, with the remaining space to be leased to wholesale colocation customers.
“We are thrilled to witness this remarkable moment of groundbreaking of the inaugural infinaxis data center with our esteemed guests, partners and teams. It is a significant step for the platform and a testament to our commitment to Malaysia’s growing digital economy,
“We believe in the Malaysia’s growing economy and its potential and look forward to participating in fostering digital transformation in Malaysia and Southeast Asia,” said Kenneth Gaw, President and Managing Principal of Gaw Capital Partners.
According to the statement, Asia represents as one of the geographic frontiers in the data center space with greater opportunities.
Gaw Capital Partners is a private equity fund management company focusing on real estate markets in Asia Pacific and other high barrier-to-entry markets globally.
Specializing in adding strategic value to under-utilized real estate through redesign and repositioning, the firm runs an integrated business model with its own in-house asset management operating platforms in commercial, hospitality, property development, logistics, IDC and education.
The firm’s investments span the entire spectrum of real estate sectors, including residential development, offices, retail malls, serviced apartments, hotels, logistics warehouses and IDC projects.
Gaw Capital has raised seven commingled funds targeting the APAC region since 2005.
The firm also manages value-add/opportunistic funds in the United States, a Pan-Asia hospitality fund, a European hospitality fund, a Growth Equity Fund.
It also provides services for credit investments and separate account direct investments globally.
Gaw Capital has raised equity of $22.1 billion since 2005 and commanded assets of $35.2 billion under management as of the second quarter of 2023.