Listed development giant Lendlease has announced plans to launch $1.42 billion worth of data centres across the Asia-Pacific region.
Lendlease will partner with an unidentified investor believed to be from Singapore, with an initial equity injection of $700 million. The partnership will be 20 per cent funded by Lendlease and 80 per cent by the unidentified investor.
Lendlease will spearhead development, construction, property and investment management for the partnership as they target existing centres and development opportunities in south-east Asia and Australia. Continue reading here