To meet the rising demand for digital infrastructure in Asia
As South Korea's demand for data infrastructure grows, CPP Investments has partnered with Pacific Asset Management Co. (Pacific AMC) on a $1-billion joint venture to develop data centers in the country.
The Canada Pension Plan Investment Board has committed $285 million to the project’s initial seed phase. This marks the second collaboration between the Canada Pension Plan Investment Board and Pacific AMC, following their 2022 partnership to build the Jukjeon Data Center in South Korea.
Max Biagosch, senior managing director, global head of real assets, and head of Europe for CPP Investments, described the new deal as an expansion of a valued partnership between the two organizations.
The venture is part of CPP Investments’ broader strategy to strengthen its presence in the data center sector, with projects already established across the Asia Pacific region, the United States, and Canada.
Further details on the South Korean project’s timeline and scope have not yet been shared.
