ESR completes phase 1 of its US$2 billion, 130 MW Cosmosquare Data Centre campus in Central Osaka, Japan

TOKYO / HONG KONG, 29 August 2024 – ESR Group Limited (“ESR” or the “Company”, together with its subsidiaries as the “Group”; SEHK Stock Code: 1821), Asia-Pacific’s (“APAC”) leading New Economy real asset manager, today announced that it has successfully completed the core and shell of its flagship data centre project, ESR Cosmosquare OS1 Data Centre (“OS1”), in Nanko Kita, Osaka, Japan.

The newly completed OS1 is the first hyperscale data centre asset within ESR’s 130-megawatt (“MW”[1]) campus. Being developed over three phases (OS1, OS2, and OS3), ESR’s US$2 billion hyperscale data centre campus strategically sits within 10 kilometres of the major internet and telecommunication exchanges in the Osaka central business district.

This milestone is part of the Group’s accelerated Data Centres strategy to execute 575 MW of committed data centre sites in key markets across APAC, with a pipeline of more than 2 GW worth of land and projects.

As part of the Company’s purpose to drive Space and Investment Solutions for a Sustainable future, ESR is committed to developing environmentally friendly and industry leading data centre solutions for investors, customers, and the communities. OS1 is slated to achieve Leadership in Energy and Environmental Design (LEED) NC v4 Gold certification. The building is designed with an efficient cooling system to reduce energy use, therefore minimising the need for chillers while ensuring high reliability and flexibility for our customers.

Stuart Gibson, ESR Group Co-Founder and Co-CEO, said, “We are delighted to reach this important milestone in our first Osaka data centre development, creating a campus-style asset with expansion capability in a prime location of a high growth market. This development is a flagship project in ESR’s strategic and accelerated rollout of data centres to capitalise on the unprecedented demand for high-performing digital infrastructure across key markets in APAC.”

Diarmid Massey, CEO of ESR Data Centres, added, “ESR’s Cosmosquare campus, which is backed by ESR DC Fund 1, is a notable showcase of our acceleration in strategy to cater to the regional growth of Cloud and Digital Infrastructure. We are fulfilling the growing customer need for data centre capacity, that is being turbocharged by the outsized Artificial Intelligence demand that is quickly migrating to APAC. Our pipeline of hyperscale data centres will deliver next-generation environmentally focused solutions to our end customers and business partners to power the growth of digital infrastructure in Osaka and across APAC.”

The OS1 data centre will be ready for service in May 2025 and once fitted out, it will provide 25 MW[1] of data centre capacity.

Japan’s booming demand for cloud service solutions is driven by its manufacturing, automotive, and financial services sectors, as well as healthcare and government services. The accelerating migration of IT workloads from on-premises to cloud data centres in the world’s third largest economy is enabling companies and government agencies to seize the opportunity to innovate and achieve higher resource utilisation, resiliency, security, and energy efficiency.

[1] Facility load.