A data center is a hardware store full of servers, storage devices and network connections.

Real estate has had a really good run during the past few years. In fact, nearly all major markets are now at or over their pre-crisis peaks. Despite confidence in the stability of real estate as an asset class — it took the worst that the universe had to throw at it during the recession and came back stronger than ever — investors are beginning to get jittery.

Hong Kong is a global business hub with robust property markets. As such, it attracts institutional investors from around the world. But it is also one of the world’s most expensive places to live, work and construct assets.