Gaw Capital Partners completes acquisition of greenfield land in Saigon Hi-Tech Park

Gaw Capital Partners, through a fund under its management, has completed the acquisition of greenfield land located in Saigon Hi-Tech Park, one of the key high-tech-focused business parks in Ho Chi Minh City, Vietnam.

The land will be further developed into a carrier-neutral tier III data center, which will act as the seed investment of Gaw Capital’s Pan-Asia IDC platform.

Situated 15 kilometers (9 miles) northeast of Ho Chi Minh City CBD and adjacent to the Hanoi Highway, the site is strategically located in an IDC cluster within Saigon Hi-Tech Park, with a site area of 6,056 square meters (65,186 square feet) The property is in close proximity to a new metro station that is under development with a target opening date in 2023. The construction of this IDC project is expected to be completed by 2024.

With this land, Gaw Capital is expected to develop a data center with a total GFA of 18,168 square meters (195,559 square feet) and IT capacity of 20 megawatts.