ESR completes phase 1 of its US$2 billion, 130 MW Cosmosquare Data Centre campus in Central Osaka, Japan

TOKYO / HONG KONG, 29 August 2024 – BCCJ Platinum Member ESR Group Limited (“ESR” or the “Company”, together with  its subsidiaries as the “Group”; SEHK Stock Code: 1821), Asia-Pacific’s (“APAC”) leading New Economy  real asset manager, today announced that it has successfully completed the core and shell of its flagship data centre project, ESR Cosmosquare OS1 Data Centre (“OS1”), in Nanko Kita, Osaka, Japan. 

The newly completed OS1 is the first hyperscale data centre asset within ESR’s 130-megawatt (“MW”)  campus. Being developed over three phases (OS1, OS2, and OS3), ESR’s US$2 billion hyperscale data  centre campus strategically sits within 10 kilometres of the major internet and telecommunication  exchanges in the Osaka central business district. 

This milestone is part of the Group’s accelerated Data Centres strategy to execute 575 MW of  committed data centre sites in key markets across APAC, with a pipeline of more than 2 GW worth of  land and projects. 

As part of the Company’s purpose to drive Space and Investment Solutions for a Sustainable future, ESR is committed to developing environmentally friendly and industry leading data centre solutions for investors, customers, and the communities. OS1 is slated to achieve Leadership in Energy and  Environmental Design (LEED) NC v4 Gold certification. The building is designed with an efficient cooling  system to reduce energy use, therefore minimising the need for chillers while ensuring high reliability  and flexibility for our customers. 

Stuart Gibson, ESR Group Co-Founder and Co-CEO, said, “We are delighted to reach this important  milestone in our first Osaka data centre development, creating a campus-style asset with expansion  capability in a prime location of a high growth market. This development is a flagship project in ESR’s  strategic and accelerated rollout of data centres to capitalise on the unprecedented demand for high performing digital infrastructure across key markets in APAC.” 

Diarmid Massey, CEO of ESR Data Centres, added, “ESR’s Cosmosquare campus, which is backed by  ESR DC Fund 1, is a notable showcase of our acceleration in strategy to cater to the regional growth  of Cloud and Digital Infrastructure. We are fulfilling the growing customer need for data centre  capacity, that is being turbocharged by the outsized Artificial Intelligence demand that is quickly  migrating to APAC. Our pipeline of hyperscale data centres will deliver next-generation  environmentally focused solutions to our end customers and business partners to power the growth  of digital infrastructure in Osaka and across APAC.” 

The OS1 data centre will be ready for service in May 2025 and once fitted out, it will provide 25MW of data centre capacity.

Japan’s booming demand for cloud service solutions is driven by its manufacturing, automotive, and  financial services sectors, as well as healthcare and government services. The accelerating migration  of IT workloads from on-premises to cloud data centres in the world’s third largest economy is  enabling companies and government agencies to seize the opportunity to innovate and achieve higher  resource utilisation, resiliency, security, and energy efficiency.

About ESR Group 

ESR Group is Asia-Pacific’s leading New Economy real asset manager and one of the largest listed real  estate investment managers globally. Our fully integrated fund management and development  platform extends across Australia/New Zealand, Japan, South Korea, Greater China, Southeast Asia, and India, including a presence in Europe and the United States. We provide investors with a diverse  range of real asset investment and development solutions across private and public investment  vehicles. Our focus on New Economy real assets offers customers modern solutions for logistics, data  centres, life sciences, infrastructure, and renewables. Our purpose, Space and Investment Solutions  for a Sustainable Future, drives us to manage sustainably and impactfully for the communities where  we operate and the spaces we develop to thrive for generations to come. ESR Group is listed on The  Stock Exchange of Hong Kong (HKSE: 1821.HK). Visit www.esr.com for more information.