Global investment company Fidelity has formed a joint venture with Mitsui & Co and Mitsui & Co Asset Management Holdings in Japan to deliver cutting-edge hyperscale data centers. The joint venture between Fidelity and Mitsui will allow Colt Data Centre Services to further accelerate its hyperscale strategy in Japan. Colt DCS will serve as the joint venture’s exclusive service provider for design, development, operations, and customer service management.
Mitsui & Co., Realty Management Ltd., a Mitsui private real estate fund management subsidiary, will act as the joint venture’s asset manager, handling structure, financing, land sourcing, development assistance, and Japanese client marketing using Mitsui’s strong industrial capabilities.
Colt Data Centre Services presently has 50MW of data center capacity in Japan, which would nearly treble with the joint venture to 140MW.
“Japan remains a strategic country of focus for our regional expansion, where the demand for large-scale data center capacity outstrips supply,” said Niclas Sanfridsson, Chief Executive Officer (CEO) of Colt Data Centre Services. “Whilst Colt DCS already has a solid reputation in the market for working with the world’s largest hyperscale cloud providers and multi-national companies, the partnership with Mitsui and its strategic alliances will provide new opportunities for us to further penetrate the domestic enterprise sector and accelerate our land banking strategy.”
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Environmentally Conscious Hyperscale Data Centers
Colt Data Centre Services provides its connectivity and colocation solutions across Europe and Asia Pacific. The company has over 25 years of expertise running 26 carrier neutral data centers in 18 cities, with 24/7 security and local language assistance.
“Data centers play a critical role in the digital transformation of businesses across the globe, and the demand for high-quality and environmentally conscious hyperscale data centers is huge,” said Shinsuke Waka, GM of Financial Business Division, Mitsui & Co. “Through the management of the Mitsui Fund and our joint venture, Mitsui will utilize its unique financial and industrial capabilities to respond jointly to these needs with its global prestigious partners.”
