A fund of IGIS Asset Management through its subsidiary IGIS Asia Investment Management has sold the Hanam Data Center, a hyperscale asset located in Pungsan-dong, Hanam-si, Gyeonggi-do. JLL served as the exclusive adviser for the sale of this asset.
The sales price was estimated to be $538.4 million, reported IREI’s i3 Newsline.
The Hanam Data Center represents the first data center development project by IGIS Asset Management and IGIS Asia Investment Management initiated in 2019 and completed in 2023. The transaction is also noteworthy as a significant market milestone as the first sale of a stabilized hyperscale data center with existing tenants in South Korea.
The 12-story asset encompasses approximately 42,000 square meters of gross floor area and offers a total power capacity of 40 megawatts. The Hanam Data Center feature
