ESR acquires first strategic asset in Hong Kong to develop 40MW data center

ESR Cayman has completed its first asset acquisition in Hong Kong. This not only marks ESR’s entry into the Hong Kong market, but also represents the further development of its data center ecosystem.

The newly acquired asset is strategically located in Kwai Chung, one of the major data center clusters in Hong Kong. The group plans to work with capital partners and operators to convert the building into a data center with a facility load of 40 megawatts and an expected GAV of approximately $675 million upon completion.

“This is a major strategic move for ESR as it represents our first acquisition in Hong Kong and further establishes our data center franchise,” said Jeffrey Shen and Stuart Gibson, ESR co-founders and co-CEOs. “Hong Kong is an important data center market in the APAC region, with its low electricity costs, limited climate risks and established network capability. It is also one of the world’s top financial centers as well as the home to ESR’