Ayala Land, Inc. and PAG’s Flow Digital Infrastructure are partnering to develop data centers in the Philippines.
This week AyalaLand Logistics Holdings Corp. (ALLHC) and Flow Holdings I Philippines Pte. Ltd. signed a framework agreement to develop carrier-neutral data centers across the country.
The initial roll-out will target the delivery of 4.5MW of capacity for phase one of a larger hyperscale facility due to be ready for service around 4Q 2023. The site's location was not shared.
The companies said Flow’s modular product deployment approach, combined with a strong focus on connectivity and sustainability, will help maximize design flexibility and accelerate time-to-market.
“We are pleased to partner with ALLHC as they prepare to make this significant contribution to developing digital infrastructure capabilities in the Philippines. The decades of design and operational experience of the Flow team, combined with ALLHC’s established record in industrial real estate development, makes this an ideal partnership to meet the rising demand for digital infrastructure in the country,” said Amandine Wang, CEO of Flow Digital Infrastructure.
Asia-focused investment manager PAG Real Estate launched Flow, a new investment platform focused on digital infrastructure in APAC, in late 2021. This is the platform’s first announcement around developing a new facility.
Ayala Land, Inc. is a real estate firm based in the Philippines and a subsidiary of the Ayala Corporation conglomerate. Earlier this year Ayala Corp. took a stake in Globe Telecom’s newly-carved out data center unit alongside STT GDC.
“This investment will contribute to the Philippines’ transition to a digital economy. Furthermore, we believe this partnership with Flow enhances the value of ALLHC’s industrial landbank.,” added Jose Emmanuel H. Jalandoni, President and CEO of ALLHC and Senior Vice President of Ayala Land.
UBS AG Singapore Branch is acting as sole financial advisor to ALLHC on the transaction.