Evolution, Warburg Pincus to develop data centres in Southeast Asia

In Asia

Singapore-based Evolution Data Centres (EDC) has formed a joint venture with affiliates of Warburg Pincus to develop hyper-scale data centres in Southeast Asia.

As part of the venture, Warburg Pincus will be committing capital from its maiden asset-level Asia real estate fund, which raised US$2.8bn (€2.9bn) at its close in late 2021.

Darren Webb, EDC’s co-founder and CEO, said that with funding from Warburg Pincus, EDC would increase the development and operation of hyper-scale, sustainable data centres across multiple high-growth markets in Southeast Asia.

“Warburg Pincus has an outstanding track record of investing in Asia real estate and digital infrastructure,” said Ed Martin-Sperry, co-founder and chief investment officer of EDC.

Martin-Sperry said EDC looked forward to drawing on Warburg Pincus’ wealth of experience in undertaking large-scale capital expenditure programmes in the region as his firm embarked on its next stage of growth.

To read the latest edition of the latest IPE Real Assets magazine click here.

Read More: Evolution, Warburg Pincus to develop data centres in Southeast Asia

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