Ayala Land, Inc. and PAG’s Flow Digital Infrastructure have officially signed an agreement to develop a data center campus in the Philippines.
In May, the two companies announced plans to partner around developing data centers in the Philippines. This week the companies said they had entered into agreements to commence the activities of the intended joint venture partnership.
At the time of the original announcement, the companies said they were aiming to deliver 4.5MW of capacity for phase one of a larger hyperscale facility due to be ready for service around 4Q 2023.
This week, however, they said the initial roll-out of 6MW is targeted to be ready-for-service by end of 2024. The campus will reach 36MW at total build out and build via modular deployments. The location still hasn’t been shared.
“We see long-term strategic value in expanding ALLHC’s product offering and capabilities to meet the rapidly expanding needs of the digital economy. We view this joint venture as a cornerstone of ALLHC’s growth, and we believe this partnership with FLOW will provide the distinct advantage for ALLHC to become the data center provider of choice of global hyperscalers and enterprises in the Philippines,” said Patrick C. Avila, Chief Operating Officer.
“The Philippines is at a tipping point to embrace the growth of the digital economy, where digital infrastructure plays a critical role as the foundation of the information and communications technology industry. We are very pleased to be partnered with ALLHC to deliver best-in-class solutions to meet the Philippines’ growing demand for high-quality, carrier-neutral data center services,” 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. It recently announced plans to acquire the modular data center business of Australia’s DXN. DXN will retain its three colocation facilities.
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.