APG (Algemene Pensioen Groep NV), an organization from the Netherlands with about €568 billion pension assets under management and offices in the U.S., Europe and Asia, has acquired a 20 percent stake in OneAsia – a Hong Kong-based platform that manages data centers. OneAsia is about to expand its operations into Japan, Korea and Thailand.
OneAsia is progressive in adapting their operations to the latest developments in green technology and standards. For example, the group deploys advanced water-cooling systems in its data centers, which would help to significantly reduce energy consumption.
Financial terms of this investment were not disclosed. The remaining 80 percent of OneAsia is owned by data center and IT infrastructure platform Legan, also based in Hong Kong. Established in 1992, Legan provides total solutions for critical environments, IT infrastructure, cloud and data center services in Asia.
“Both business and personal data usage is only increasing. Therefore, we see this investment as a valuable addition to our portfolio,” said Graeme Torre, head of real estate at APG Asset Management Asia. “The changes in this sector are following each other in rapid succession. We believe it is important to work with partners who are at the forefront of this, both in terms of development and innovation and in terms of sustainability. That makes OneAsia a logical partner.”
Established in 2009, OneAsia is a data center operator and connectivity and cloud solutions provider offering a full range of infrastructure, management, connectivity and application services to business of all sizes. The company is operating top-tier rated data centers and offering services across Asia including Hong Kong, Shanghai and Nantong.
“We are very pleased to partner with APG,” said Charles Lee, Founder and CEO of OneAsia. “We are convinced that the partnership with APG will accelerate our expansion in the high-growth data center market, especially when we are extending our network into other countries in Asia. APG is an experienced global investor with highly diversified investments. OneAsia is ready to work with APG in elevating the Company to another platform and promoting ESG development.”
Second Data Center Investment in Asia
The investment in OneAsia is APG’s second investment in Asian data centers. Earlier, APG took a 10.43 percent stake in Chindata (NASDAQ: CD), another provider of data center solutions. This transaction made APG the second largest shareholder in the China-based company.
Chindata Group is a carrier-neutral hyperscale data center solution provider in Asia-Pacific emerging markets. Chindata Group operates two data center sub-brands: ‘Chindata’ and ‘Bridge Data Centres’.