Actis fund invests in data center firm
Chayora Holdings, a data center designer and operator specializing in China, has secured $180 million from its investor Actis Asia Real Estate Fund, managed by London-headquartered firm Actis.
Chayora will use the capital to develop a pair of hyperscale facilities in the company’s 2.3 million-square-foot, 80-acre campus, TJ1 Tianjin campus, 75 miles southeast of Beijing. The project totals $250 million.
“The close working relationship we have developed with the Actis team is valued and we are very pleased to have concluded [the] agreement for the significant commitment being made to Chayora in this funding round. For Actis and Chayora, this underlines our strategic and long-term plan to create a leading data center business in China to support market access by the world’s leading online services businesses,” said Oliver Jones, CEO, Chayora.