Investors - MAY 11, 2022

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AyalaLand, FLOW enter into a framework agreement for data-center development in the Philippines

by Released

AyalaLand Logistics Holdings Corp. (ALLHC), a subsidiary of Ayala Land, and FLOW Holdings I Philippines Pte., the vehicle of FLOW Digital Infrastructure, have signed a framework agreement to develop carrier-neutral data centers across the Philippines, subject to mutually agreed upon terms and conditions.

The Philippines is rapidly emerging as one of the preferred locations in the Asia Pacific region to host data centers due to its strategic location as a gateway from the Pacific to Asia, superior connectivity, and rich natural resources for renewable energy. The Philippines data-center market is expected to experience double-digit annual growth, driven by a significant increase in data consumption, digitization, 5G connectivity, and data-localization trends.

The initial roll-out will target the delivery of 4.5 megawatts of capacity as Phase 1 of a hyperscale data center campus, as early as fourth quarter 2023.

“We are pleased to partner with ALLHC as they p

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