Keppel enters South Korea data centre market with planned 60MW facility
The Ansan center are going to join Keppel’s occurring portfolio of 39 information centers, which had an overall gross power capacity of over 800MW as by the end of 2025. The project additionally notes the second financial investment by KDCF III, whose fund under management has grown to somewhere around $2.7 billion as of completion of 2025.
At the same time, new data centre supply in the SMA is restricted as regulatory requirements and power restraints have actually reduced brand-new advancements. March data from JLL indicates that the SMA information centre industry has a vacancy rate of simply 1.4%, whilst the entire supply pipe throughout 2025 to 2027 has actually currently been completely pre-leased.
The future facility on the site will be an AI-ready data centre, said Keppel in a June 9 launch. Constructed with Tier III-equivalent specifications, the data centre will be keyed to offer hyperscalers, cloud service providers and corporates.
The SMA information center landscape offers a compelling entry point for Keppel, observes Lee Hui Fang, chief financial investment police officer for information facilities at Keppel. “By securing scarce power in a shovel-ready site, we are building on our deep capabilities in data centre fund monitoring and advancement to capture the full upside of Korea’s electronic change,” she adds.
Construction licenses and power approvals have actually been obtained for the site, with the information centre intended to be operational by 2030.
KDCF III will get a 73% reliable risk in an exclusive purpose mechanism that owns the land. The lasting 27% is held by a range of South Korean companies, including developer Shinyoung, financial services firm NH Securities and construction business Hyundai E&C.
Singapore-based asset executive Keppel has reported that its exclusive budget, Keppel Data Centre Fund III (KDCF III), has acquired a land plot in Ansan, within the Seoul Metropolitan Area (SMA) in South Korea. The site is going to be utilized to establish a 60MW greenfield information center, marking the company’s initial foray right into South Korea’s information centre market.
The South Korean information center industry is expanding quickly, said Keppel, backed by cloud move, AI adoption and the nation’s aspiration to become a global AI powerhouse. In the SMA, data center strength need is anticipated to strike 2.3 GW by 2030, steered by demand from both worldwide and local companies.
