Joint venture expands Digital Edge’s regional footprint to 13 data centers in four countries.
Digital Edge has announced the establishment of a joint venture in the Philippines with the Threadborne Group, a local family office focused on technology and real estate.
The joint venture will construct and operate a 10MW data center in Manila, with a capital commitment in excess of US$100 million collectively from both parties. The new data center will be based on Digital Edge’s next generation architecture and operated under the Digital Edge brand name.
Already under construction, the Manila data center is slated to be completed in the fourth quarter of 2022. It will be the largest operational carrier neutral data center in the Philippines.
The facility also aims to be the most advanced facility in the market, in terms of energy and water efficiency, with an expected annualized PUE of 1.193 at optimal operating temperature and WUE of 1.355.
The facility will allow Digital Edge to offer flexible, high-quality colocation and interconnection services to both local and international customers in the Greater Manila region. The low PUE and WUE make the facility uniquely suitable in the market for cloud and other high power density colocation applications.
According to Structure Research, Philippines’s colocation market is expected to become a US$313 million market by 2026, growing at a CAGR of 22% between 2021 and 2026.
Jabez Tan, Head of Research at Structure Research, said: “Alibaba Cloud is currently the first and only hyperscale cloud platform to announce a cloud region deployment in Manila, Philippines, and we believe more cloud region announcements will soon follow in the next two years driven by the overall decentralization of hyperscale cloud platforms into more distributed and in-country data center architectures to cater for the increasing performance requirements and data privacy regulations.”
Samuel Lee, Chief Executive Officer of Singapore-based Digital Edge, said: “The Philippines is an underserved market with huge demand for data center capacity and, together with the Threadborne Group, we intend to be at the forefront of developing the critical data center infrastructure for this market.
“The Threadborne Group’s principals are experienced real estate developers with a proven track record and we are very pleased to have joined forces with them to undertake this important initiative.
“This venture is another step forward in the company’s ambition to transform Asia’s digital infrastructure by building and operating the most energy efficient and connectivity-rich data centers in key emerging markets.”
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