Keppel has signed a memorandum of understanding (MoU) with Mitsui Fudosan Co. to jointly explore data center development and investment opportunities in Japan and Southeast Asia.
The MoU brings together Keppel’s strong customer relationships with global cloud service providers and internet enterprises, as well as expertise in developing and operating innovative and sustainable data centers, with Mitsui Fudosan’s strong track record in sourcing land and delivering turnkey solutions for the real estate market in Japan.
In addition, Keppel Data Centre Fund II (KDCF II), which is the second data center private fund managed by Keppel, has in place a framework agreement with Mitsui Fudosan for the proposed forward-purchase of a data center, which is currently under development in Western Tokyo. When completed, this will mark Keppel’s first data center project in Japan.
Under the framework agreement, KDCF II will work exclusively with Mitsui Fudosan on the acquis