Vantage Data Centers, a global provider of hyperscale data center campuses, has on Tuesday announced that it has secured a $64 million loan from CTBC Bank and Cathay United Bank to fund the development of the company’s first data center in Taipei, Taiwan (TPE11).
The deal marks the first hyperscale data center financing transaction for a data center operator in Taiwan, Vantage Data Centers said in a statement.
This transaction is Vantage’s first in Taiwan with the two banks.
This is the company’s third transaction with CTBC globally and its first with Cathay United, both among the top Taiwanese banks.
The Taiwan campus, which was first announced last December, is the eighth developing or operational campus in Vantage’s Asia Pacific (APAC) portfolio.
Currently under development and expected to open mid-2024, TPE11 will deliver 16MW of information technology (IT) capacity across a 215,000 square foot (20,000 square meters) facility.
Once completed, the campus will serve hyper scalers, cloud providers and large enterprises as the region becomes a major digital infrastructure hub.
“Vantage Data Centers is proud to lead the way in marking the first financing of a greenfield data center project in Taiwan,
“We appreciate CTBC Bank’s continued confidence in Vantage’s data center platform and are pleased to have the Cathay United Bank team join us in this innovative financial milestone in the next phase of Taiwan’s growth as a regional data center market,” said Joel Cheah, Vantage Data Centers’ Chief Financial Officer in the Asia-Pacific region.
Vantage Data Centers powers, cools, protects and connects the technology of the world’s well-known hyper scalers, cloud providers and large enterprises.
Developing and operating across five continents in North America, Europe, the Middle East and Africa (EMEA) and Asia Pacific, Vantage Data Centers has evolved data center design in innovative ways to deliver dramatic gains in reliability, efficiency and sustainability in flexible environments that can scale as quickly as the market demands.